Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    309 Arnold Blvd Abilene, TX 79605

    • Mixed-use properties
    • 84.20 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 309 Arnold Blvd

    Lot size
    84.20 lot acres
    Property type
    Mixed-use properties
    Property subtype
    Land

    Description

    This exceptional 84.21-acre tract in Abilene, Texas, presents a unique investment opportunity. Located near Dyess AFB, this property boasts diverse zoning designations, offering flexibility for various development projects. The land comprises five parcels (Taylor CAD IDs 18886, 58982, 62593, 62722, 63005) and features frontage on Arnold Boulevard and S. 7th Street. Zoning includes 5.77 acres of Multifamily (MF), 1.89 acres of General Commercial (GC) along Arnold Boulevard, and 1.81 acres of Residential (RS) along S. 7th Street. A significant portion, 74.74 acres, is zoned Agricultural/Open Space (AO), divided into two sections. The property's location near the City of Abilene and AISD property adds to its appeal. Potential developers should note the presence of 500-year and 100-year floodplains and a floodway within the property boundaries. An Atmos Gas easement exists along the eastern boundary. This offering presents a compelling opportunity for investors seeking a large-scale development project in a strategic location. The asking price for this substantial land holding is $209,000. Adjacent properties are also available for sale. This information is for informational purposes only and does not constitute an offer or solicitation.

    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
    -99.806
    Latitude
    32.4486

    Comparable in this City

    • Value Estimation by Request
      2.06 Acres

      5233 Hartford St

      Farms • 2.06 Acres
      5233 Hartford St, Abilene, TX 79605
      View Details
    • Value Estimation by Request
      0.98 Acres

      3209 15Th St

      Land • 0.98 Acres
      3209 15Th St, Abilene, TX 79605
      View Details
    • Value Estimation by Request
      41.95 Acres

      6701 Hwy

      Land • 41.95 Acres
      6701 Hwy, Abilene, TX 79605
      View Details
    • Value Estimation by Request
      13.00 Acres

      Lockheed Way & Plz

      Land • 13.00 Acres
      0 Lockheed Way & Plz, Abilene, TX 79605
      View Details
    • Value Estimation by Request
      25,657 SF

      3309 11Th St

      Distribution properties • 25,657 SF
      3309 11Th St, Abilene, TX 79605
      View Details
    • Value Estimation by Request
      1,539 SF

      3333 11Th St

      Land • 1,539 SF
      3333 11Th St, Abilene, TX 79605
      View Details

    Similar Nearby for Sale

    • $55,000
      1.13 Acres

      Abilene Commercial Land - $55K

      Prime GC-zoned land near Dyess AFB.
      465 Arnold Blvd, Abilene, TX 79605
      View Details
    • $85,000
      0.45 Acres

      Abilene Commercial Land - $85k

      Prime South Abilene corner lot, ideal for development.
      3210 15Th St, Abilene, TX 79605
      View Details
    • $999,900
      2,743 SF

      Abilene Warehouse Redevelopment Opportunity

      Prime Abilene location, 2,743 SF warehouse.
      2379 Moore St, Abilene, TX 79605
      View Details
    • $217,000
      0.50 Acres

      Prime Abilene Commercial Land

      0.5-acre lot, high traffic, great visibility
      2317 Danville Dr, Abilene, TX 79605
      View Details
    • $545,807
      3.58 Acres

      High-Visibility Abilene Commercial Land

      Prime Dyess AFB location, 3.58 acres.
      6164 Hartford St, Abilene, TX 79605
      View Details
    • $272,675
      41.95 Acres

      Hwy 80 Commercial Land - Abilene, TX

      41.95 Acres: Sale, Lease, Build-to-Suit
      6701 Us Highway 80, Abilene, TX 79605
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,827,342 SF

      Hwy 80 Abilene Industrial Land

      41.95 Acres, Flexible Options
      6701 Us Highway 80, Abilene, TX 79605
      View Details
    • Contact for pricing

      Land Near Clack Middle School

      Land suitable for multifamily housing or sports area development.
      1349 Corsicana Ave, Abilene, TX 79605
      View Details
    • $272,675

      41.95 Acres on Highway 80

      41.95 acres for sale, lease, or build-to-suit.
      6701 Us Highway 80 W, Abilene, TX 79605
      View Details
    • $6 SF/Yr
      16,410 SF

      Leggett Office Complex, Abilene TX

      Versatile Office Space, Abilene, TX
      248-270 Leggett Dr, Abilene, TX 79605
      View Details
    • $28 SF/Yr
      11,320 SF

      Denali Retail Center: Abilene, TX

      New Retail Space Available in South Abilene
      1701 Denali Dr, Abilene, TX 79605
      View Details
    • $10 SF/Yr
      2,376 SF

      Retail Space with Highway Visibility

      Retail space available for rent with excellent highway visibility.
      4651 S 14Th St, Abilene, TX 79605
      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.
    309 Arnold Blvd
    Abilene, TX 79605
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.