3398 1st St Abilene, TX 79603-7035
Property Lookup
Property profile & analytics
3398 1st St Abilene, TX 79603-7035
- Commercial real estate
- 14,988 SF
- 0.99 lot acres
Property ID
US82-1139037
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.
Location Intelligence
Current Use by Public Records
- James W. Fehr, OD / Physician
- Studio 3Two5 / Hair Salon / Nail Salon
- Family Cuts / Hair Salon / Nail Salon
- Payment 1 Loans - Abilene / Loan Service
- Boost Mobile / Mobile Phone Store / Electronics & Wireless Store
Property Details for 3398 1st St
- Year built
- 1960
- Lot size
- 0.99 lot acres
- Property size
- 14,988 SF
- Property type
- Commercial real estate
- APN
- 51200022000
- APU
- 51200022000
Description
The Shops at Northpark, a 40,919-square-foot multi-tenant retail center in Abilene, Texas, presents a compelling value-add opportunity. Currently 46% occupied, this property boasts five tenants, a mix of internet-resistant and service-oriented businesses, including Planet Smokie & Vape, Kung Fu China, Payment One Financial, Creative Cakes, and Pam's Pet Store. Situated on 2.7 acres at a signalized intersection with over 39,700 vehicles daily, the center benefits from high visibility and ample parking. Recent renovations totaling approximately $1.5 million include exterior façade improvements, parking lot repaving, new LED lighting, and updated signage. Built in 1955, the property offers significant upside potential through lease-up of vacant spaces and lease conversion to triple-net terms. The current asking price is $2,995,000 ($73.19/sq ft), with a pro-forma cap rate of 14.78% and a pro-forma NOI of $442,630. The property's location near Abilene High School and a densely populated area (108,078 residents within a five-mile radius) further enhances its appeal. Proximity to Dyess Air Force Base and several universities adds to the strong economic base of the area. This property offers a rare chance to acquire a well-located retail center with substantial growth potential in a thriving Texas market. The property consists of one building with ten units.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,555,000
- 6.5%
- $2,360,000
- 7%
- $2,190,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,929,000
Market price range: $610k - $1.93M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Abilene
- County
- Taylor
- State
- Texas
- Longitude
- -99.7629
- Latitude
- 32.452
- 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
$28,284
$626,434
$600,566
$1,227,000
-
$626,434
$600,566
$1,227,000
