Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    709 University Blvd Abilene, TX 79601
    Back to Search
    Property profile & analytics

    709 University Blvd Abilene, TX 79601

    View on Map
    • Commercial real estate
    • 2,160 SF
    • 0.39 lot acres
    Off-Market
    Property ID
    US82-0421540
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 709 University Blvd

    Year built
    1924
    Lot size
    0.39 lot acres
    Property size
    2,160 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a vacant, 2,160-square-foot office building located at 709 University Blvd in Abilene, Texas. The property, built in 1924, is situated on a 0.39-acre lot and boasts a convenient single-story design. Currently vacant, this Class C building offers immense potential for a variety of commercial uses. Its strategic location in Abilene, near Hardin-Simmons University, Hendrick Hospital, and Abilene Christian University, ensures high visibility and accessibility. The property is zoned for Heavy Commercial use, opening doors to a wide range of business ventures. With an asking price of $325,000, this translates to a price per square foot of $150.46. The sale is structured as a sale/leaseback investment. This presents a unique chance to acquire a well-positioned property in a thriving Texas city, ready for immediate development or lease. The property's single-building structure and ample lot size offer flexibility for future expansion or redevelopment. Don't miss this chance to establish your business in a highly desirable location. The property is individually owned and ready for its next chapter. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.7285952
    Latitude
    32.4763433

    Comparable in this City

    • $581,525
      2.67 Acres

      Abilene Industrial Site Near Highway

      2.67-acre industrial site near Highway 277 in Abilene, TX.
      5809 N Us Hwy 277 Hwy, Abilene, TX 79601
      View Details
    • $699,000
      3.06 Acres

      Abilene Land with Repurposable Home

      3.06 acres zoned HC with historic home for office.
      2701 Pine St, Abilene, TX 79601
      View Details
    • $350,000
      0.32 Acres

      Office Space Near Hendrick Medical

      Professional office space near Hendrick Medical Center in Abilene, TX.
      1202 Hickory St, Abilene, TX 79601
      View Details
    • $1,350,000
      57,538 SF

      Historic Downtown Abilene Office Building

      Historic 7-story office building in downtown Abilene with parking.
      301 Cypress St, Abilene, TX 79601
      View Details
    • $299,900

      Updated Office Space in Abilene

      Move-in ready office near Abilene Convention Center and DoubleTree Hotel.
      718 Cedar St, Abilene, TX 79601
      View Details
    • $225,000
      Pending

      Downtown Abilene Versatile Commercial Property

      Versatile property in downtown Abilene, suitable for various commercial uses.
      1433 Pine St, Abilene, TX 79601
      View Details

    Similar Nearby for Sale

    • $950,000
      14,000 SF

      Historic Office Building in Abilene

      Two-story, 14,000 SF office building in downtown Abilene.
      473 Cypress St, Abilene, TX 79601
      View Details
    • $581,525
      2.67 Acres

      Abilene Industrial Site Near Highway

      2.67-acre industrial site near Highway 277 in Abilene, TX.
      5809 N Us Hwy 277 Hwy, Abilene, TX 79601
      View Details
    • $699,000
      3.06 Acres

      Abilene Land with Repurposable Home

      3.06 acres zoned HC with historic home for office.
      2701 Pine St, Abilene, TX 79601
      View Details
    • $350,000
      0.32 Acres

      Office Space Near Hendrick Medical

      Professional office space near Hendrick Medical Center in Abilene, TX.
      1202 Hickory St, Abilene, TX 79601
      View Details
    • $1,350,000
      57,538 SF

      Historic Downtown Abilene Office Building

      Historic 7-story office building in downtown Abilene with parking.
      301 Cypress St, Abilene, TX 79601
      View Details
    • $299,900

      Updated Office Space in Abilene

      Move-in ready office near Abilene Convention Center and DoubleTree Hotel.
      718 Cedar St, Abilene, TX 79601
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,460 SF

      Highway 80 Frontage Office Space

      Office space with direct highway access and ample parking.
      2601 E Us Highway 80, Abilene, TX 79601
      View Details
    • $3,000 /Mo
      4,966 SF

      Downtown Abilene Retail/Office Space

      Almost 5000 sqft of space with unlimited opportunity!
      813 Hickory St, Abilene, TX 79601
      View Details
    • $4,021 /Mo
      14,767 SF

      Versatile Building in Abilene, TX

      Over 8,000 sq ft, potential for various uses.
      1701 N Treadaway Blvd, Abilene, TX 79601
      View Details
    • $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
    • Contact for pricing

      Historical Downtown Freestanding Building

      Freestanding building in Abilene's historical downtown district.
      1049 N 3Rd St, Abilene, TX 79601
      View Details
    • Contact for pricing
      8,043 SF

      Versatile Commercial Space Available

      Large building suitable for warehouse, retail, medical, or office use.
      1701 N Treadaway Blvd, 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.
    709 University Blvd
    Abilene, TX 79601
    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

    Thank You for Inquiry
    709 University Blvd, Abilene, TX, 79601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!