Building Details

Building Size 5,400 SF

Construction metal

Listing Agency: Steve Eustis Co., Realtors s***@steveeustisrealestate.com Show Phone

Listed By: Todd Kolls · License #809009 Show Phone

Source: Exprealty

Added: May 29 Changed: Oct 5 Last Checked: Oct 20 at 11:58PM

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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

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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.

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 / Yr

$38,540

Cap Rate

6.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$770,800 $770.8K

Cap Rate 7%

$550,571 $550.6K

Cap Rate 9%

$428,222 $428.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,400 SF

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 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 (±1% cap)

NOI $72,485 @ 7.0% cap · market cap 12.10%

Second Best

Flex RnD

$550.6K

$481.8K – $642.3K (±1% cap)

NOI $38,540 @ 7.0% cap · market cap 6.43%

Theoretical Best

Multifamily LT 5

$4.13M

$3.62M – $4.82M (±1% cap)

NOI $289,361 @ 7.0% cap · market cap 48.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Peerless Tires (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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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