Flex Space with Service
For Sale
$599,000
1520 N Bryant Blvd, San Angelo, TX 76903
Corner commercial property combines showroom, service, and rear storage areas.
Property Size5,400 SF
Price / SF$110.93
Days on Market98
Property Features for 1520 N Bryant Blvd
General Information
Standard status
Active
Size
5,400 SF
Site & Location
Traffic Count
30,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Service Bays
4
Amenities
retail/showroom area
warehouse/storage space
paved parking
visible signage
multiple entry points
Building Details
Building Size
5,400 SF
Construction
metal
Listing Agency:
Steve Eustis Co., Realtors
(325) 653-1489
Listed By:
Todd Kolls · License #809009
(325) 212-2894
Source:
Exprealty
Added: May 29
Changed: Sep 3
Last Checked: Sep 3 at 2:19AM
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 Steve Eustis Co., Realtors
Investment Insights
Based on property information with market context.
This flex property contains approximately 5,400 SF of commercial space in a metal building with an open interior arrangement. The configuration includes a retail and showroom area, four automotive service bays, and warehouse or storage space positioned at the rear. Multiple entry points, visible signage, and paved parking support customer and employee access.
The property occupies a prominent corner along N. Bryant Blvd with frontage on the roadway and reported traffic counts exceeding 30,000 vehicles per day. Its position near US Highway 87 provides access to a visible commercial corridor. The layout accommodates a combination of retail, automotive service, shop, and warehouse functions.
The property occupies a prominent corner along N. Bryant Blvd with frontage on the roadway and reported traffic counts exceeding 30,000 vehicles per day. Its position near US Highway 87 provides access to a visible commercial corridor. The layout accommodates a combination of retail, automotive service, shop, and warehouse functions.
Key Highlights
- Approximately 5,400 SF of shop and retail space
- Four automotive service bays
- Retail and showroom area with rear warehouse/storage space
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
$38,540
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
6.43%
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%
$770,800
$770.8K
Cap Rate 7%
$550,571
$550.6K
Cap Rate 9%
$428,222
$428.2K
Market Conditions
NOI Build-Up for 5,400 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
$64.8K $12.00/SF
− Vacancy
−$5.5K −$1.02/SF
EGI
$59.3K $10.98/SF
− OpEx
−$20.8K −$3.84/SF
NOI
$38.5K $7.14/SF
Area
Tom Green County, TX
Vacancy
8.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
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%
$770,800
Cap Rate 7%
$550,571
Cap Rate 9%
$428,222
Alternative Uses
Best Use
Retail
$1.04M
$906.1K – $1.21M
NOI $72,485 @ 7.0% cap · market cap 12.10%
Second Best
Flex RnD
$550.6K
$481.8K – $642.3K
NOI $38,540 @ 7.0% cap · market cap 6.43%
Theoretical Best
Multifamily LT 5
$4.13M
$3.62M – $4.82M
NOI $289,361 @ 7.0% cap · market cap 48.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
30,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Corner commercial property combines showroom, service, and rear storage areas.
Where is this flex space located?
The property is located at 1520 N Bryant Blvd San Angelo, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Approximately 5,400 SF of shop and retail space; Four automotive service bays; Retail and showroom area with rear warehouse/storage space
