Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4230 Sherwood Way San Angelo, TX 76901

    View on Map
    For Sale
    $1,500,000

    COMMERCIAL - San Angelo, TX

    Type:Retail
    Property size:
    7,020 SF
    Lot size:
    0.59 Acres
    Added:
    Apr 4, 2024
    Days on Market:
    734
    Last Refresh:
    Apr 7 at 12:06 am

    Property Features for 4230 Sherwood Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    CG
    Parking
    15
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    R000013017
    Size
    7,020 SF
    Lot size
    0.59 Acres

    Taxes and HOA fees

    Tax Description
    LEGAL: ACRES: 0.593, LOT: 1 BEING THE SOUTHWESTERLY 100 FEET & BEI, SUBD: MER-WAY INC ADDN CONSOLIDATED. SITUS SHERWOOD WAY 4230

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air, Central, Natural Gas
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1959
    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Metal, Membrane

    We can help!

    Listing Contact
    Home and Land Group

    Listing agent Home and Land Group

    Listing office ERA Newlin & Company 1722 W Ave N, SAN ANGELO, TX

    Listing date Apr 4, 2024

    MLS# 120562

    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.

    Overview

    High Traffic Retail Location

    This retail property is situated in a high-traffic location, with TXDOT reporting approximately 24,000 cars passing by daily. The property is currently operating as a retail store. The lot size is 0.593 acres. The building has 7,020 square feet of space. The zoning is CG. The seller is open to carrying the property with a significant down payment. Leasing options are also available at $1.25 NNN. Showings are available by appointment only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -100.491229
    Latitude
    31.43967

    Nearby Similar for Sale

    • $519,000
      4,836 SF

      Versatile Commercial Property in San Angelo

      Office and warehouse space with multiple amenities in San Angelo.
      2122 N Chadbourne Street, San Angelo, TX 76903
      View Details
    • $480,000
      3,000 SF

      San Angelo Retail Investment Opportunity

      Freestanding retail building with new lease in downtown San Angelo.
      113 E Twohig Avenue, San Angelo, TX 76903
      View Details
    • $449,900
      3,000 SF

      San Angelo Commercial Office Suites

      Office suites in central San Angelo location for sale.
      2025 W Beauregard Avenue, San Angelo, TX 76901
      View Details
    • $325,000
      2,600 SF

      Charming Restaurant in Downtown San Angelo

      Turnkey restaurant with high traffic and seating for 60.
      435 Pulliam Street, San Angelo, TX 76903
      View Details
    • $320,000
      6,492 SF

      San Angelo Commercial Space Available

      Multipurpose commercial building with multiple rooms and kitchen areas.
      122 W 14th Street, San Angelo, TX 76903
      View Details
    • $315,000
      1,980 SF

      San Angelo Commercial Property For Sale

      1,980 sqft shop on three lots with excellent visibility.
      1624 W Beauregard Avenue, San Angelo, TX 76901
      View Details
    • $745,000
      3,453 SF

      Turnkey Restaurant in Prime Location

      Fully furnished restaurant with top-of-the-line equipment and ample parking.
      3029 Sherwood Way, San Angelo, TX 76901
      View Details
    • $87,000
      1,480 SF

      Corner Commercial Property in San Angelo

      Commercial property with renovation potential, close to Bryant Blvd.
      701 W 19th Street, San Angelo, TX 76901
      View Details
    • $380,000
      2,040 SF

      Remodeled Downtown San Angelo Commercial Property

      Turnkey commercial property with established business in high-traffic location.
      17 W Beauregard Avenue, San Angelo, TX 76903
      View Details
    • $284,900
      2,500 SF

      Versatile Commercial Building in San Angelo

      2,500 sq ft commercial building with high visibility.
      115 W Ave N, San Angelo, TX 76903
      View Details
    • $325,000
      4,325 SF

      Historic Downtown Commercial Property

      Prime commercial property in historic downtown San Angelo.
      13 E Twohig Avenue, San Angelo, TX 76903
      View Details
    • $325,000
      3,116 SF

      San Angelo Diner-Style Restaurant

      Commercial restaurant property in high-traffic area, San Angelo, Texas.
      1205 N Chadbourne Street, San Angelo, TX 76903
      View Details

    FAQs

    What type of property is this?
    Specialty property - Retail location with high traffic; seller financing available.
    Where is this specialty property located?
    The property is located at 4230 Sherwood Way San Angelo, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: High‑traffic retail location with 24,000 cars per day.; Seller financing available with significant down payment.; Lease option available at $1.25 NNN.
    (325) 212-9451
    We can help!
    Listing Contact
    Home and Land Group
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!