Building Details

Year Built 1982

Building Size 17,650 SF

Listing Agency: Redrock Realty Group t***@abilene.com

Listed By: Dylan Burnett · License #0833216 Show Phone

Source: Lonestarluxuryrealty

Added: Aug 30 Changed: Oct 9 Last Checked: Oct 16 at 9:13AM

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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

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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.

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 / Yr

$148,821

Cap Rate

6.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,976,420 $3.0M

Cap Rate 7%

$2,126,014 $2.1M

Cap Rate 9%

$1,653,567 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 17,650 SF

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 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 (±1% cap)

NOI $148,821 @ 7.0% cap · market cap 6.61%

Second Best

Industrial

$1.71M

$1.50M – $2.00M (±1% cap)

NOI $119,720 @ 7.0% cap · market cap 5.32%

Theoretical Best

Office A

$3.94M

$3.45M – $4.60M (±1% cap)

NOI $275,848 @ 7.0% cap · market cap 12.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Apex Industrial Machine Industrial Manufacturer

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Building Supply Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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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