Manufacturing Facility with Bridge
New
For Sale
$2,250,000
917 Oil Center Drive, Abilene, TX 79601
Operational machine shop with dedicated office space, 3-phase power, overhead bridge cranes, and covered exterior workspace.
Property Size17,650 SF
Lot Size4.11 Acres
Price / SF$127.48
Days on Market4
Property Features for 917 Oil Center Drive
General Information
Standard status
Active
Size
17,650 SF
Lot size
4.11 Acres
Property subtype
Industrial
Additional Details
Outdoor Storage
Yes
Three-Phase Power
Yes
Building Details
Year Built
1982
Building Size
17,650 SF
Listing Agency:
Redrock Realty Group
Listed By:
Dylan Burnett · License #0833216
(325) 669-5151
Source:
Lonestarluxuryrealty
Added: Aug 30
Changed: Sep 2
Last Checked: Sep 1 at 6:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Redrock Realty Group
Investment Insights
Based on property information with market context.
This manufacturing property includes 17,650 square feet of combined shop and office space within a facility built in 1982. The operating machine shop is equipped with 3-phase power and multiple overhead bridge cranes, supporting manufacturing, fabrication, and equipment maintenance operations. A 6,560-square-foot covered awning-carport adds exterior workspace for staging or equipment parking.
The property encompasses 4.11 acres at 917 Oil Center Drive in Abilene, Texas. The acreage provides room for equipment movement and outdoor operational needs, complementing the enclosed shop and office areas.
The property encompasses 4.11 acres at 917 Oil Center Drive in Abilene, Texas. The acreage provides room for equipment movement and outdoor operational needs, complementing the enclosed shop and office areas.
Key Highlights
- 17,650 square feet of combined shop and dedicated office space
- Operating machine shop with 3‑phase power
- Multiple overhead bridge cranes for manufacturing and equipment handling
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$148,821
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,976,420
$3.0M
Cap Rate 7%
$2,126,014
$2.1M
Cap Rate 9%
$1,653,567
$1.7M
Market Conditions
NOI Build-Up for 17,650 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$243.6K $13.80/SF
− Vacancy
−$14.6K −$0.83/SF
EGI
$229.0K $12.97/SF
− OpEx
−$80.1K −$4.54/SF
NOI
$148.8K $8.43/SF
Area
Abilene, TX
Vacancy
6.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,976,420
Cap Rate 7%
$2,126,014
Cap Rate 9%
$1,653,567
Alternative Uses
Best Use
Flex RnD
$2.13M
$1.86M – $2.48M
NOI $148,821 @ 7.0% cap · market cap 6.61%
Second Best
Industrial
$1.71M
$1.50M – $2.00M
NOI $119,720 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$3.94M
$3.45M – $4.60M
NOI $275,848 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 79601, TX
26,515
Population
9,422
Households
2.8
Avg Household Size
32
Median Age
21%
College-Educated
84%
High-School Grad
263.0 sq mi
ZIP Area
101
Density / Sq Mi
$54,515
Median Household Income
$24,704
Median Earnings
$988
Median Rent
$182,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Operational machine shop with dedicated office space, 3-phase power, overhead bridge cranes, and covered exterior workspace.
Where is this manufacturing property located?
The property is located at 917 Oil Center Drive Abilene, TX.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 17,650 square feet of combined shop and dedicated office space; Operating machine shop with 3‑phase power; Multiple overhead bridge cranes for manufacturing and equipment handling
