Standalone Office
New
For Sale
$370,000
1315 S Abe Street, San Angelo, TX 76903
Commercial Sale, San Angelo, TX
Property Size2,403 SF
Lot Size0.17 Acres
Price / SF$153.85
Days on Market5
Property Features for 1315 S Abe Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CO; Commercial Office
Zoning description
Office
Parking features
Driveway
Subdivision
Park Heights
Directions
South on Abe Street (South Bryant) across from Denny's and Stripes.
Standard status
Active
APN
R000010023
Size
2,405 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
Acres: 0.172 Lot: 11 Blk: 39 Subd: Park Heights Addition
Legal Description
Acres: 0.172 Lot: 11 Blk: 39 Subd: Park Heights Addition
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
kitchenette
Building Details
Year built
1930
Floors in Building
1
Flooring type
Carpet, Tile
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Keller Williams Synergy · Keller Williams Realty
(325) 292-0800
Listed By:
Sterling Davidson Fryar · License #0585689
(325) 276-0757
Added: Aug 25
Last Checked: Aug 29 at 7:06PM
MLS# 202162
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 standalone office property provides 2,405 square feet of workspace within a building constructed in 1930. The interior includes multiple offices, a kitchenette, and an area that can serve as a conference room. Carpet and tile flooring, central heating, and central air conditioning are in place, while vinyl siding and a composition roof complete the building envelope.
The property is located at 1315 S Abe Street in San Angelo, Texas, along a north-south commercial corridor with convenient access. It sits on a 0.17-acre lot and includes driveway parking. Zoning is CO; Commercial Office. Public water and public sewer serve the property, with electricity available.
The property is located at 1315 S Abe Street in San Angelo, Texas, along a north-south commercial corridor with convenient access. It sits on a 0.17-acre lot and includes driveway parking. Zoning is CO; Commercial Office. Public water and public sewer serve the property, with electricity available.
Key Highlights
- 2,405‑square‑foot standalone office building
- 0.17‑acre lot at 1315 S Abe Street, San Angelo, TX 76903
- CO; Commercial Office zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,468
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$649,360
$649.4K
Cap Rate 7%
$463,829
$463.8K
Cap Rate 9%
$360,756
$360.8K
Market Conditions
NOI Build-Up for 2,405 SF
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.
Gross rent
$57.7K $24.00/SF
− Vacancy
−$14.4K −$6.00/SF
EGI
$43.3K $18.00/SF
− OpEx
−$10.8K −$4.50/SF
NOI
$32.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$649,360
Cap Rate 7%
$463,829
Cap Rate 9%
$360,756
Alternative Uses
Best Use
Office B
$463.8K
$405.9K – $541.1K
NOI $32,468 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.84M
$1.61M – $2.15M
NOI $128,873 @ 7.0% cap · market cap 34.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
719
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Multiple offices, a kitchenette, and adaptable meeting space support professional workplace configurations.
Where is this office building located?
The property is located at 1315 S Abe Street San Angelo, TX.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 2,405‑square‑foot standalone office building; 0.17‑acre lot at 1315 S Abe Street, San Angelo, TX 76903; CO; Commercial Office zoning
