For Sale
$1,500,000
1101 S Abe St, San Angelo, TX 76903
PRIME COMMERCIAL PROPERTY FOR SALE
Property Size6,000 SF
Lot Size0.28 Acres
Price / SF$250
Days on Market8
Property Features for 1101 S Abe St
General Information
Standard status
Active
Property type
Other retail properties, Office Units, Office buildings, Retail properties & Spaces, Office Spaces
Size
6,000 SF
Net Rentable
6,000 SF
Total Parking Spaces
10
Lot size
0.28 Acres
Investment Type
Owner User
Building Details
Buildings
1
Stories
1
Listed By:
Tonya Cheek
(325) 655-4433
Added: Oct 30
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,000
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,620,000
$1.6M
Cap Rate 7%
$1,157,143
$1.2M
Cap Rate 9%
$900,000
$900.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$144.0K $24.00/SF
− Vacancy
−$36.0K −$6.00/SF
EGI
$108.0K $18.00/SF
− OpEx
−$27.0K −$4.50/SF
NOI
$81.0K $13.50/SF
Area
Tom Green County, TX
Vacancy
25.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,620,000
Cap Rate 7%
$1,157,143
Cap Rate 9%
$900,000
Alternative Uses
Best Use
Office B
$1.16M
$1.01M – $1.35M
NOI $81,000 @ 7.0% cap · market cap 5.40%
Second Best
Retail
$1.15M
$1.01M – $1.34M
NOI $80,539 @ 7.0% cap · market cap 5.37%
Theoretical Best
Multifamily LT 5
$4.59M
$4.02M – $5.36M
NOI $321,512 @ 7.0% cap · market cap 21.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Frequently Asked Questions
What type of property is this?
Other retail property - PRIME COMMERCIAL PROPERTY FOR SALE
Where is this other retail property located?
The property is located at 1101 S Abe St San Angelo, TX.
What is the asking price?
The asking price for this property is $1,500,000.
