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    Automotive Workshop with Offices Title is generated by Realmo AI

    1920 N Chadbourne Street, San Angelo, TX 76903

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    Claim this Listing
    New
    For Sale
    $285,000

    COMMERCIAL - San Angelo, TX

    Type:Office
    Property size:
    1,898 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $150/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 7:06 am

    Property Features for 1920 N Chadbourne Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Security features
    Security System
    Fencing
    Privacy, Fenced
    Standard status
    Active
    APN
    17-31200-0031-001-00
    Size
    1,898 SF
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Description
    Acres: 0.289 Lot: 1 & W 40 Ft Of Lot 2 Blk: 31 Subd: Lasker Addition

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Forced Air, Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1957
    Flooring type
    Concrete
    Building materials
    Concrete, Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Tiffany Sellers

    Listing agent Tiffany Sellers License #0702183

    Listing office Real Broker, LLC 2626 Cole Ave Suite 300, Dallas, TX

    Listing date Jun 3, 2026

    MLS# 200532

    Copyright © 2026 San Angelo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1957‑built property with concrete and frame construction and concrete flooring
    • Metal roof with electricity available; public water and public sewer
    • Central cooling and central forced‑air heating, plus electric heating
    • Fenced with privacy fencing and a security system
    • Interior features include 2 large offices, 1 bathroom, and a paint cleaning station with sink
    • Heated and cooled large workshop plus 2 garage bays (one electric door) and covered carport area

    Overview

    This for-sale commercial property is set up for an automotive or service operation, combining customer and work areas in one self-contained facility. The interior includes two large offices and one bathroom, along with a paint and cleaning station that features a sink. A heated and cooled workshop provides year-round workspace, and the property also includes two garage bays, with one bay having an electric door. Outside, the lot is fully enclosed by private metal fencing, with an additional workshop area that includes storage, plus a small parking lot and a covered carport area. A security system is also in place.

    Located at 1920 N Chadbourne Street in San Angelo, the property is positioned for visibility and access in a high-traffic setting. The improvements are configured for day-to-day operations, with fenced grounds supporting vehicle and equipment staging.

    The layout should fit tenants or buyers looking for a functional shop with dedicated offices, a controlled perimeter, and covered parking/carport support. The combination of office space, a heated and cooled workshop, and garage-bay access makes it suitable for businesses that need both administrative space and on-site maintenance or fabrication. The seller is also willing to consider owner financing, subject to terms.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $45.6k $24.00
    − Vacancy −$11.4k −$6.00
    EGI $34.2k $18.00
    − OpEx −$8.5k −$4.50
    NOI $25.6k $13.50
    1,898 SF · lease $24.00/SF/yr · vacancy 25.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $366.0K
    $320.3K – $427.1K (±1% cap)
    NOI $25,623 @ 7.0% cap · market cap 8.99%
    Second Best
    Retail
    $364.0K
    $318.5K – $424.6K (±1% cap)
    NOI $25,477 @ 7.0% cap · market cap 8.94%
    Theoretical Best
    Multifamily LT 5
    $1.45M
    $1.27M – $1.70M (±1% cap)
    NOI $101,705 @ 7.0% cap · market cap 35.69%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mca's Remodeling General Contractor Robles Roofing Roofing Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Angelo
    County
    Tom Green
    State
    Texas
    Longitude
    -100.448001
    Latitude
    31.480301

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    FAQs

    What type of property is this?
    Office units - Heated and cooled workshop with two office rooms and two garage bays plus fenced yard for automotive or service use.
    Where is this office units located?
    The property is located at 1920 N Chadbourne Street San Angelo, TX.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: 1957‑built property with concrete and frame construction and concrete flooring; Metal roof with electricity available; public water and public sewer; Central cooling and central forced‑air heating, plus electric heating
    (325) 450-8806
    We can help!
    Listing Contact
    Tiffany Sellers
    Real Estate License ID: 0702183
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    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.

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