Manufacturing Facility with Covered
New
For Sale
$2,250,000
917 Oil Center Drive, Abilene, TX 79601
CommercialSale, Abilene, TX
Property Size17,650 SF
Lot Size4.11 Acres
Price / SF$127.48
Days on Market4
Property Features for 917 Oil Center Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
HI
Parking features
Gated, Parking Lot
Subdivision
H & W Tool Co Sec 1
Lot features
Acreage, Cleared
Directions
GPS Friendly
Standard status
Active
APN
35504
Lot size
4.11 Acres
Taxes and HOA fees
Tax Description
H & W TOOL CO SEC 1 CONT 2, BLOCK B, LOT 301
Tax Annual Amount
18922
Legal Description
H & W TOOL CO SEC 1 CONT 2, BLOCK B, LOT 301
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Amenities
overhead bridge cranes
covered awning-carport
Building Details
Year built
1982
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
AluminumSiding
Roof type
Metal
Listing Agency:
Redrock Realty Group
(325) 721-8800
Listed By:
Dylan Burnett · License #0833216
(325) 721-8800
Added: Aug 28
Last Checked: Aug 31 at 6:06PM
MLS# 21367899
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1982 manufacturing facility is currently operating as a machine shop and includes 17,650 sq. ft. of combined shop and office area. The building has concrete flooring, aluminum siding, a metal roof, natural gas heating, electric cooling, and multiple overhead bridge cranes. Three-phase power supports manufacturing, fabrication, and equipment-maintenance operations.
A separate 6,560 sq. ft. covered awning-carport provides additional sheltered area for staging, exterior work, or equipment parking. The property encompasses 4.11 acres, with gated parking and a parking lot. Public water and public sewer serve the site, while the available acreage provides space for vehicle circulation, outdoor storage, or future expansion.
A separate 6,560 sq. ft. covered awning-carport provides additional sheltered area for staging, exterior work, or equipment parking. The property encompasses 4.11 acres, with gated parking and a parking lot. Public water and public sewer serve the site, while the available acreage provides space for vehicle circulation, outdoor storage, or future expansion.
Key Highlights
- 17,650 sq. ft. of combined shop and dedicated office space
- 4.11‑acre manufacturing property
- 6,560 sq. ft. covered awning‑carport
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
Warehouse
$1.84M
$1.61M – $2.15M
NOI $128,946 @ 7.0% cap · market cap 5.73%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Operational manufacturing facility with dedicated offices, 3-phase power, 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 sq. ft. of combined shop and dedicated office space; 4.11‑acre manufacturing property; 6,560 sq. ft. covered awning‑carport
