Historic Downtown San Angelo
For Sale
$650,000
10 E Concho Avenue, San Angelo, TX 76903
COMMERCIAL - San Angelo, TX
Property Size1,500 SF
Lot Size0.06 Acres
Price / SF$433.33
Days on Market95
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
23-41700-0010-005-00
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: May 2
Changed: Jun 4
Last Checked: Aug 4 at 5:06AM
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.
This commercial property, located at 10 E Concho Avenue in San Angelo, Texas, presents an investment opportunity in the heart of downtown. The property includes the historic 10 E Concho building and an adjacent 18-space parking lot at 12 E Concho. Situated in a high-traffic area, the 1,500 square-foot building is currently leased and generating income. The lot size is 0.06 acres.
Key Highlights
- Historic 10 E Concho building investment and adjacent 12 E Concho property package
- Adjacent 12 E Concho includes an 18‑space parking lot
- 10 E Concho is currently leased and will generate immediate income
Financial Insights For Retail
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 | $30.6k | $20.40 |
| − Vacancy | −$1.8k | −$1.22 |
| EGI | $28.8k | $19.18 |
| − OpEx | −$8.6k | −$5.75 |
| NOI | $20.1k | $13.42 |
1,500 SF · lease $20.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$287.6K
$251.7K – $335.6K
NOI $20,135 @ 7.0% cap · market cap 3.10%
Second Best
Industrial
$110.3K
$96.6K – $128.7K
NOI $7,724 @ 7.0% cap · market cap 1.19%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,087
Businesses Nearby
34k
Monthly Visits Nearby
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Historic building and parking lot in downtown San Angelo.
Where is this retail space 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: Historic 10 E Concho building investment and adjacent 12 E Concho property package; Adjacent 12 E Concho includes an 18‑space parking lot; 10 E Concho is currently leased and will generate immediate income
