Historic Office
For Sale
$565,000
A-1342 N 4th St, Abilene, TX 79607
Original architectural details and varied room sizes support a range of professional layouts.
Property Size4,400 SF
Price / SF$128.41
Days on Market10
Property Features for A-1342 N 4th St
General Information
Standard status
Active
Size
4,400 SF
Taxes and HOA fees
Annual Taxes
$4,058
Amenities
outdoor space
storage
high ceilings
natural light
multiple exterior entrances
Building Details
Year Built
1914
Buildings
1
Building Size
4,400 SF
Listing Agency:
Coldwell Banker Apex, REALTORS
Listed By:
Jan McCaslin · License #0573817
(325) 690-4000
Source:
Exprealty
Added: Sep 24
Changed: Sep 28
Last Checked: Oct 3 at 2:00AM
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 Coldwell Banker Apex, REALTORS
Investment Insights
Based on property information with market context.
Dating to 1914, this office building contains approximately 4,400 square feet and retains fir flooring and wall finishes, period light fixtures, embossed wallpaper, and original pocket doors. The property has 49 original windows and ceilings exceeding 10 feet in portions of the building. Six exterior entrances serve a flexible interior arrangement that includes a dedicated office with its own outside access. Storage is distributed among 11 closets throughout the property.
The upper floor has three oversized rooms, each with 10-foot ceilings, natural light, and walk-in closets. Two full bathrooms are located upstairs, with another full bathroom on the ground floor. The building is at A-1342 N 4th St in Abilene, Texas.
The upper floor has three oversized rooms, each with 10-foot ceilings, natural light, and walk-in closets. Two full bathrooms are located upstairs, with another full bathroom on the ground floor. The building is at A-1342 N 4th St in Abilene, Texas.
Key Highlights
- Approximately 4,400 SF office building constructed in 1914
- 49 original windows and ceilings exceeding 10 feet in portions of the building
- Six exterior entrances, including a private entrance for a dedicated office
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
$48,807
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
8.64%
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%
$976,140
$976.1K
Cap Rate 7%
$697,243
$697.2K
Cap Rate 9%
$542,300
$542.3K
Market Conditions
NOI Build-Up for 4,400 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
$76.6K $17.40/SF
− Vacancy
−$11.5K −$2.61/SF
EGI
$65.1K $14.79/SF
− OpEx
−$16.3K −$3.70/SF
NOI
$48.8K $11.09/SF
Area
Abilene, TX
Vacancy
15.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
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%
$976,140
Cap Rate 7%
$697,243
Cap Rate 9%
$542,300
Alternative Uses
Best Use
Office B
$697.2K
$610.1K – $813.5K
NOI $48,807 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$982.4K
$859.6K – $1.15M
NOI $68,767 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Explore this area
Business Placement
Demographics for 79607, TX
2,983
Population
956
Households
3.1
Avg Household Size
23
Median Age
38%
College-Educated
100%
High-School Grad
8.4 sq mi
ZIP Area
355
Density / Sq Mi
$61,020
Median Household Income
$32,038
Median Earnings
$1,355
Median Rent
$490,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Original architectural details and varied room sizes support a range of professional layouts.
Where is this office building located?
The property is located at A-1342 N 4th St Abilene, TX.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Approximately 4,400 SF office building constructed in 1914; 49 original windows and ceilings exceeding 10 feet in portions of the building; Six exterior entrances, including a private entrance for a dedicated office
