Storefront Property with Parking
For Sale
$650,000
10 E Concho Avenue, San Angelo, TX 76903
Commercial Sale, San Angelo, TX
Property Size1,500 SF
Lot Size0.06 Acres
Price / SF$433.33
Days on Market107
Property Features for 10 E Concho Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
General Commercial
Parking
18
Parking features
On Street, Parking Lot
Subdivision
San Angelo
Standard status
Active
APN
R000006141
Size
1,500 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Description
See Private Remarks
Legal Description
See Private Remarks
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas, Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1959
Flooring type
Concrete
Building materials
Stone
Listing Agency:
ERA Newlin & Company · ERA Real Estate
(325) 481-0500
Listed By:
The Balderas Team
(325) 212-4236
Added: Jun 4
Changed: Sep 13
Last Checked: Sep 18 at 8:06AM
MLS# 129911
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.
Investment Insights
Based on property information with market context.
The 10 E Concho Avenue property is a 1,500-square-foot storefront building with stone construction and concrete flooring. Central air conditioning, natural-gas central forced-air heat, public water, and public sewer serve the building. The property was built in 1959 and is currently leased.
An adjacent property at 12 E Concho Avenue provides an 18-space parking lot, while on-street parking is also available. The combined properties are situated in downtown San Angelo, offering a storefront location with dedicated parking immediately nearby.
An adjacent property at 12 E Concho Avenue provides an 18-space parking lot, while on-street parking is also available. The combined properties are situated in downtown San Angelo, offering a storefront location with dedicated parking immediately nearby.
Key Highlights
- 1,500‑square‑foot storefront building at 10 E Concho Avenue
- Adjacent 12 E Concho Avenue property includes an 18‑space parking lot
- Building is currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,135
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$402,700
$402.7K
Cap Rate 7%
$287,643
$287.6K
Cap Rate 9%
$223,722
$223.7K
Market Conditions
NOI Build-Up for 1,500 SF
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.
Gross rent
$30.6K $20.40/SF
− Vacancy
−$1.8K −$1.22/SF
EGI
$28.8K $19.18/SF
− OpEx
−$8.6K −$5.75/SF
NOI
$20.1K $13.42/SF
Area
Tom Green County, TX
Vacancy
6.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$402,700
Cap Rate 7%
$287,643
Cap Rate 9%
$223,722
Alternative Uses
Best Use
Retail
$287.6K
$251.7K – $335.6K
NOI $20,135 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,378 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,087
Businesses Nearby
34k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 63%
Dining 34%
Shops & Services 3%
Food King
Groceries
21,146 visits/mo
0.4 miles
Twisted Root Burger Co.
Dining
11,657 visits/mo
0.1 miles
Firestone Complete Auto Care
Shops & Services
997 visits/mo
0.2 miles
Demographics for 76903, TX
32,215
Population
14,169
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
78%
High-School Grad
25.0 sq mi
ZIP Area
1,289
Density / Sq Mi
$49,045
Median Household Income
$33,077
Median Earnings
$1,051
Median Rent
$115,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Leased downtown storefront with adjacent parking, stone construction, and central heating and cooling.
Where is this storefront property located?
The property is located at 10 E Concho Avenue San Angelo, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,500‑square‑foot storefront building at 10 E Concho Avenue; Adjacent 12 E Concho Avenue property includes an 18‑space parking lot; Building is currently leased
