Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    83-84 Abilene Abilene, TX 79606

    • Land
    • 1.29 lot acres
    For Sale
    View listing
    $296,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 83-84 Abilene

    Lot size
    1.29 lot acres
    Property type
    Land

    Description

    This exceptional 1.29-acre commercial land parcel presents a unique investment opportunity in Abilene, Texas. Strategically located in the thriving southeast area, near Hwy 83-84 and FM 707, this property enjoys high visibility and accessibility. Its proximity to established businesses, including fast-food restaurants, small businesses, Hendricks Hospital, a pharmacy, banks, and Wylie schools, ensures a strong customer base. Adjacent to Mad Coffee, this cleared lot offers easy ingress and egress. The property is zoned for General Commercial use and sits within city limits, providing access to city water and sewer services. Currently without utilities, this site is ideal for new construction, capitalizing on the area's significant growth potential fueled by upcoming residential and commercial developments. The asking price is $296,500, and the APN is 1062976. This is a rare chance to secure a prime location in one of Abilene's most sought-after areas, promising substantial returns on investment. A virtual tour is available online.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.7421
    Latitude
    32.3494

    Comparable in this City

    • Value Estimation by Request
      7.20 Acres

      2201 Antilley Rd

      Land • 7.20 Acres
      2201 Antilley Rd, Abilene, TX 79606
      View Details
    • Value Estimation by Request
      2.02 Acres

      7449 Buffalo Gap Rd

      Land • 2.02 Acres
      7449 Buffalo Gap Rd, Abilene, TX 79606
      View Details
    • Value Estimation by Request
      1.29 Acres

      83 Abilene

      Land • 1.29 Acres
      83 Abilene, Tuscola, TX 79606
      View Details
    • Value Estimation by Request

      4750 Southwest Dr

      Land
      4750 Southwest Dr, Abilene, TX 79606
      View Details
    • Value Estimation by Request
      49.00 Acres

      Abilene TX 79606 Tbd Frst Hl Rd

      Land • 49.00 Acres
      Abilene TX 79606 Tbd Frst Hl Rd, Abilene, TX 79606
      View Details
    • Value Estimation by Request
      2.83 Acres

      Antilley Rd

      Farms • 2.83 Acres
      0 Antilley Rd, Abilene, TX 79606
      View Details

    Similar Nearby for Sale

    • $1,100,000
      2.02 Acres

      Prime Abilene Development Land

      2 Acres, High Visibility, Wylie ISD
      7449 Buffalo Gap Rd, Abilene, TX 79606
      View Details
    • Contact for pricing
      11.91 Acres

      Prime Abilene Commercial Land

      11.91 Acres, High Visibility, Hwy 83/84
      5126 Clack St, Abilene, TX 79606
      View Details
    • $765,000
      1.94 Acres

      Abilene Commercial Land - $765K

      1.94-acre commercial lot, prime Abilene location.
      3849 Cedar Run Rd, Abilene, TX 79606
      View Details
    • $295,000

      8.41 Acres Abilene Residential Land

      Prime Abilene development site, residential zoning.
      7002 Inverness St, Abilene, TX 79606
      View Details
    • New
      $149,900
      4.33 Acres

      Land in View Community

      Unimproved land with potential for country living near Abilene.
      Tbd Tbd, Abilene, TX 79606
      View Details
    • $115,000
      10.00 Acres

      10-Acre Ranch in Abilene, TX

      Peaceful Country Living, City Convenience
      7050 Autumn Sage Ln, Abilene, TX 79606
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      65,340 SF

      Abilene Mall Pad Sites Available

      Prime Retail Land Near Major Highway
      4310 Buffalo Gap Rd, Abilene, TX 79606
      View Details
    • Contact for pricing

      Retail Pad Opportunity at Mall

      Retail pad opportunity in premier shopping destination, Abilene, Texas.
      4310 Buffalo Gap Rd, Abilene, TX 79606
      View Details
    • Contact for pricing

      Abilene Redevelopment Project on HWY 84

      7.36 AC redevelopment project in a busy commercial area.
      3818 John Knox Dr, Abilene, TX 79606
      View Details
    • $1,000 /Mo

      Office Space with Great Visibility

      Second-floor office space with high visibility on Southwest Drive.
      4150 Southwest Dr, Abilene, TX 79606
      View Details
    • $20 SF/Yr
      48,000 SF

      Abilene Retail Center - Prime Location

      High-traffic retail space, multiple units available.
      4450-4536 Buffalo Gap Rd, Abilene, TX 79606
      View Details
    • Contact for pricing
      35,912 SF

      Shops at Abilene: Retail Space

      High-traffic Abilene retail space available.
      3781 Catclaw Dr, Abilene, TX 79606
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    83-84 Abilene
    Abilene, TX 79606
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!