Industrial Property with Cold
1809 North Bell Street, San Angelo, TX 76903
54,000 SF warehouse with freezer and cold storage.
Type:IND-DIST, IND-FRIG, IND-MFG
Property size:
54,000 SFLot size:
8.00 AcresPrice / SF:
$109/SF- Added:
- Jan 24, 2023
- Days on Market:
- 1215
- Last Refresh:
- Apr 3 at 5:02 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
Listing agent Meredith Herbert License #632620, Texas (325) 234-2661
Listing office KW Commercial | Abilene | Meredith Herbert (325) 234-2661
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 KW Commercial | Abilene | Meredith Herbert
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.
Financial Insights
Value Estimation Calculated for Warehouse
Conservative
$3.75M
NOI $337,668 @ 9.00% cap · cautious / downside scenario
Moderate
$4.82M
NOI $337,668 @ 7.00% cap · market / base-case scenario
Aggressive
$6.75M
NOI $337,668 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Warehouse
| 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 Use Scenarios
Best Use
Warehouse
$4.82M
$4.22M – $5.63M
NOI $337,668 @ 7.0% cap · market cap 5.72%
Second Best
Industrial
$3.97M
$3.48M – $4.63M
NOI $278,079 @ 7.0% cap · market cap 4.71%
Theoretical Best
Multifamily LT 5
$41.34M
$36.17M – $48.23M
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
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
Nearby Similar for Sale
FAQs
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.
