4142 Ridgemont Dr Abilene, TX 79606-2734
Property Lookup
Property profile & analytics
4142 Ridgemont Dr Abilene, TX 79606-2734
- Commercial real estate
- 6,063 SF
- 1.54 lot acres
Property ID
US83-3988647
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
- Outback Steakhouse / Restaurant
Property Details for 4142 Ridgemont Dr
- Year built
- 1999
- Lot size
- 1.54 lot acres
- Property size
- 6,063 SF
- Property type
- Commercial real estate
- APN
- 24125005005
- APU
- 24125005005
Description
This exceptional investment opportunity presents a 6,172 square-foot Outback Steakhouse located at 4142 Ridgemont Dr, Abilene, TX 79606. The property sits on a 1.53-acre lot with 146 parking spaces and enjoys excellent visibility and access, situated less than four miles southwest of downtown Abilene. The property is an outparcel to a Lowe's-anchored shopping center, and directly across Ridgemont Drive from the Mall of Abilene (681,442 square feet), a major regional shopping destination. This absolute NNN lease boasts a remaining term of approximately 11.9 years with three 5-year renewal options, providing long-term stability and predictable cash flow. The lease includes annual rent increases of 1.8%, further enhancing the investment's return. The property's strong tenant, Outback Steakhouse, is backed by a corporate guaranty from Bloomin' Brands, Inc. The asking price is $3,506,900, representing a 6.25% cap rate and a price per square foot of $568.20. The property's Net Operating Income (NOI) is $219,179. Built in 1999, this location benefits from a robust demographic profile, with a population of 101,710 and an average household income of $77,633 within a 5-mile radius. Abilene's strong college town presence, with five higher education institutions, contributes to a vibrant and growing local economy. This is a rare opportunity to acquire a high-performing, net-leased property in a desirable location with significant long-term potential.
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
- $918,000
Market price range: $242k - $919k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Abilene
- County
- Taylor
- State
- Texas
- Longitude
- -99.7653
- Latitude
- 32.4009
- 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
$37,343
$670,824
$949,176
$1,620,000
-
$670,824
$949,176
$1,620,000
