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Industrial Property with Cold Storage

1809 North Bell Street, San Angelo, TX 76903

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For Sale

$5,900,000

54,000 SF warehouse with freezer and cold storage.

Type:IND-DIST, IND-FRIG, IND-MFG

Property size:

54,000 SF

Lot size:

8.00 Acres

Price / SF:

$109/SF

HighLights

Approx. 23,000 SF of cold/freezer storage, including freezer holding 260 pallets at -20 F.
8 acres included with additional acres available for purchase.
Railroad access next to the property via Texas Pacifico railroad.
Multiple temperature‑controlled storage areas: Freezer (-20 F), Box Cold Storage (+15‑20 F), Hot Box and Holding Cooler (36 F).
5 dock high doors and multiple bay doors.
Seller will consider owner finance.

We can help!

Contact an agent

Meredith Herbert

For Sale

$5,900,000

54,000 SF warehouse with freezer and cold storage.

Type:IND-DIST, IND-FRIG, IND-MFG

Property size:

54,000 SF

Lot size:

8.00 Acres

Price / SF:

$109/SF

Added:: Jan 24, 2023
Days on Market:: 1261
Last Refresh:: Jun 30 at 12:30 am

Property Features for 1809 North Bell Street

General Information

Standard status: Active
Size: 54,000 SF
Lot size: 8.00 Acres
Property subtype: IND-DIST, IND-FRIG, IND-MFG

We can help!

Contact an agent

Meredith Herbert

Listing office Keller Williams Synergy

Listing date Jan 24, 2023

Source Realnex

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Synergy

HighLights

Approx. 23,000 SF of cold/freezer storage, including freezer holding 260 pallets at -20 F.
8 acres included with additional acres available for purchase.
Railroad access next to the property via Texas Pacifico railroad.
Multiple temperature‑controlled storage areas: Freezer (-20 F), Box Cold Storage (+15‑20 F), Hot Box and Holding Cooler (36 F).
5 dock high doors and multiple bay doors.
Seller will consider owner finance.

Overview

This industrial property features approximately 54,000 square feet of warehouse and cold storage space, including about 23,000 square feet dedicated to cold and freezer storage. The freezer can accommodate 260 pallets and maintain a temperature of -20 degrees Fahrenheit, enhanced by ceiling insulation. The box cold storage area can hold 315 pallets and maintain temperatures between +15 and +20 degrees Fahrenheit, while the hot box and holding cooler are set at 36 degrees Fahrenheit. The building is equipped with 5 dock-high doors and multiple bay doors. The property, situated on 8 acres with the option to purchase additional acreage, also includes two office buildings, two additional warehouses, and a separate security building. One warehouse houses ammonia-based cooling equipment. Inside the main building, there are over seven offices, a boardroom, a common cubicle area, two break rooms, two locker rooms, multiple storage spaces, and bathrooms. The Texas Pacifico railroad runs directly behind the property, providing railroad access. The seller will consider owner financing.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$434.2k	$8.04
− Vacancy	−$36.9k	−$0.68
EGI	$397.3k	$7.36
− OpEx	−$59.6k	−$1.10
NOI	$337.7k	$6.25

54,000 SF · lease $8.04/SF/yr · vacancy 8.50% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$4.82M

$4.22M – $5.63M (±1% cap)

NOI $337,668 @ 7.0% cap · market cap 5.72%

Second Best

Industrial

$3.97M

$3.48M – $4.63M (±1% cap)

NOI $278,079 @ 7.0% cap · market cap 4.71%

Theoretical Best

Multifamily LT 5

$41.34M

$36.17M – $48.23M (±1% cap)

NOI $2,893,605 @ 7.0% cap · market cap 49.04%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Texas Packing Company Big Box & Wholesale Store San Angelo Packing ... Big Box & Wholesale Store

Suggested Use

Similar Places Nearby

San Angelo Packing Co Warehouse — 1212 hughes st, san angelo, tx 76903
Excellent Foods LLC Cold Storage — 1398 Culwell St #1294, San Angelo, TX 76903

Location Insight

Map
Local Demand

City: San Angelo
County: Tom Green
State: Texas
Longitude: -100.410624
Latitude: 31.490211

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For sale
Warehouses
TX
San Angelo
76903
1809 North Bell Street

What type of property is this?

Warehouse - 54,000 SF warehouse with freezer and cold storage.

Where is this warehouse located?

The property is located at 1809 North Bell Street San Angelo, TX.

What is the asking price?

The asking price for this property is $5,900,000.

What are key features of this property?

This property features: Approx. 23,000 SF of cold/freezer storage, including **freezer holding 260 pallets at -20 F.**; 8 acres included with additional acres available for purchase.; Railroad access next to the property via Texas Pacifico railroad.