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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1702 State Hwy 351 Abilene, TX 79601-4748

    • Commercial real estate
    • 6,058 SF
    • 1.27 lot acres
    OFF-MARKET
    Value Estimations
    $930,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4847742
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1702 State Hwy 351

    Year built
    2006
    Lot size
    1.27 lot acres
    Property size
    6,058 SF
    Property type
    Commercial real estate
    APN
    64326000400
    APU
    64326000400

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,035,000
      6.5%
      $955,000
      7%
      $885,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $906,000
      Market price range: $245k - $907k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.6964
    Latitude
    32.4795
    CBSA code
    10180
    CBSA name
    ABILENE, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $39,440
    $645,456
    $1,065,544
    $1,711,000
    -
    $645,456
    $1,065,544
    $1,711,000

    Comparable in this City

    • Value Estimation by Request
      8.85 Acres

      3539 Oldham Ln

      Land • 8.85 Acres
      3539 Oldham Ln, Abilene, TX 79601
      View Details
    • Value Estimation by Request
      1.57 Acres

      1150 18th St

      COMMERCIAL (GENERAL) • 1.57 Acres
      1150 18th St, Abilene, TX 79601-2946
      View Details
    • Value Estimation by Request
      0.12 Acres

      1137 Ash St

      COMMERCIAL (GENERAL) • 0.12 Acres
      1137 Ash St, Abilene, TX 79601
      View Details
    • Value Estimation by Request
      0.06 Acres

      701 Hickory St

      COMMERCIAL (GENERAL) • 0.06 Acres
      701 Hickory St, Abilene, TX 79601-5005
      View Details
    • Value Estimation by Request
      0.28 Acres

      2402 Simmons St

      COMMERCIAL (GENERAL) • 0.28 Acres
      2402 Simmons St, Abilene, TX 79601-1816
      View Details
    • Value Estimation by Request
      0.16 Acres

      501 Treadaway Blvd

      COMMERCIAL (GENERAL) • 0.16 Acres
      501 Treadaway Blvd, Abilene, TX 79601-5303
      View Details

    Similar Nearby for Sale

    • $2,150,000
      7.60 Acres

      Abilene Commercial Land - 7.6 Acres

      Prime Abilene commercial land, ideal for development.
      967 11Th St, Abilene, TX 79601
      View Details
    • $195,000
      119,790 SF

      Abilene Warehouse: Prime Real Estate

      119,790 SF Warehouse, $195,000
      450 Us Highway 80, Abilene, TX 79601
      View Details
    • $275,000
      2.16 Acres

      Abilene Commercial Land - 2+ Acres

      Prime Abilene lot, ready for development. Ideal for various business types.
      1900 Us Highway 80, Abilene, TX 79601
      View Details
    • Contact for pricing
      7.30 Acres

      Highway 351 Retail Land Tract

      7.3 Acres Near Major Retailers
      0 Lake Rd, Abilene, TX 79601
      View Details
    • $1,500,000
      20.00 Acres

      Prime I-20 Abilene Land

      20 Acres, Light Industrial Zoning, High Visibility
      5101 Us Highway 80, Abilene, TX 79601
      View Details
    • $280,176
      0.80 Acres

      Downtown Abilene Commercial Land

      Prime Abilene location, HC-COR zoning.
      803 Pine St, Abilene, TX 79601
      View Details

    Similar Nearby for Lease

    • $1.42 SF/Yr
      2,818 SF

      Abilene Office Space For Rent

      Dental office space in the heart of Abilene.
      602 Hickory St, Abilene, TX 79601
      View Details
    • $32 SF/Yr
      14,000 SF

      Retail Space in Allen Ridge

      Retail development space for lease with tenant improvement allowance.
      2402 N Judge Ely Blvd, Abilene, TX 79601
      View Details
    • $5,500 /Mo
      4,800 SF

      Abilene Office Space with Yard

      4,800 SF office building with fenced yard and parking.
      4517 Derrick Dr, Abilene, TX 79601
      View Details
    • $1,000 /Mo
      13,721 SF

      Downtown Abilene Retail Space Available

      Rental space in downtown Abilene with central heat and air.
      1226 N 8Th St, Abilene, TX 79601
      View Details
    • $1,000 /Mo
      9,714 SF

      Abilene Warehouse with Fenced Storage

      2100 SF warehouse with flexible zoning and fenced storage.
      1917 Grape St, Abilene, TX 79601
      View Details
    • Contact for pricing
      32,562 SF

      Former Grocery Store Retail Space

      Spacious commercial property suitable for retail, medical, or institutional use.
      2160 Pine St, Abilene, TX 79601
      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.
    1702 State Hwy 351
    Abilene, TX 79601-4748
    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.