Storefront Property with Rooftop
For Sale
$649,999
123 N Chadbourne Street, San Angelo, TX 76903
Commercial Sale, San Angelo, TX
Property Size1,400 SF
Lot Size0.09 Acres
Price / SF$464.29
Days on Market49
Property Features for 123 N Chadbourne Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
General Commercial
Parking features
On Street
Subdivision
Schwarts-Mosbacker S/D
Standard status
Active
APN
R000005832
Size
1,400 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
Acres: 0.091 Blk: 1 Subd: Schwartz-Mosbacker S/D N 12.11 Ft Of Lot 4 & S 16.10 Ft Of Lot 5
Legal Description
Acres: 0.091 Blk: 1 Subd: Schwartz-Mosbacker S/D N 12.11 Ft Of Lot 4 & S 16.10 Ft Of Lot 5
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1935
Floors in Building
2
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
The AGENTcy Group · License #70010221
(325) 450-7699
Added: Aug 26
Changed: Oct 8
Last Checked: Oct 13 at 10:06PM
MLS# 202193
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.
Located at 123 N Chadbourne Street in downtown San Angelo, this 1,400-square-foot storefront property was built in 1935. The building offers a flexible interior for commercial occupancy, with the source information identifying retail, office, showroom, service, restaurant, entertainment, and other commercial concepts as potential uses. Any use remains subject to applicable requirements and approvals.
A rooftop area adds another potential component for the property, including patio, bar, restaurant seating, event, or private entertainment applications, subject to approvals and improvements. The property has frontage along Chadbourne Street, with exposure to vehicle and pedestrian traffic. Central heating and central air conditioning serve the building, while public water and public sewer are available. Parking is provided on street.
A rooftop area adds another potential component for the property, including patio, bar, restaurant seating, event, or private entertainment applications, subject to approvals and improvements. The property has frontage along Chadbourne Street, with exposure to vehicle and pedestrian traffic. Central heating and central air conditioning serve the building, while public water and public sewer are available. Parking is provided on street.
Key Highlights
- 1,400 SF storefront property at 123 N Chadbourne Street
- 0.09‑acre site in downtown San Angelo
- Built in 1935 with central heating and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,792
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,840
$375.8K
Cap Rate 7%
$268,457
$268.5K
Cap Rate 9%
$208,800
$208.8K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$28.6K $20.40/SF
− Vacancy
−$1.7K −$1.22/SF
EGI
$26.8K $19.18/SF
− OpEx
−$8.1K −$5.75/SF
NOI
$18.8K $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 Rate 5%
$375,840
Cap Rate 7%
$268,457
Cap Rate 9%
$208,800
Alternative Uses
Best Use
Retail
$268.5K
$234.9K – $313.2K
NOI $18,792 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.07M
$937.7K – $1.25M
NOI $75,019 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,924
Businesses Nearby
167k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Groceries 13%
Shops & Services 10%
McDonald's
Dining
44,161 visits/mo
0.5 miles
Starbucks
Dining
21,315 visits/mo
0.5 miles
Food King
Groceries
21,146 visits/mo
0.5 miles
7 Brew Coffee
Dining
19,769 visits/mo
0.5 miles
Burger King
Dining
16,741 visits/mo
0.5 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
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial building with central HVAC, public utilities, and prominent street frontage in downtown San Angelo.
Where is this storefront property located?
The property is located at 123 N Chadbourne Street San Angelo, TX.
What is the asking price?
The asking price for this property is $649,999.
What are key features of this property?
This property features: 1,400 SF storefront property at 123 N Chadbourne Street; 0.09‑acre site in downtown San Angelo; Built in 1935 with central heating and central air
