Flex Space With Three Bay
For Sale
$300,000
1624 W Beauregard Avenue, San Angelo, TX 76901
Commercial Sale, San Angelo, TX
Property Size1,980 SF
Lot Size0.45 Acres
Price / SF$151.52
Days on Market49
Property Features for 1624 W Beauregard Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMERCIAL
Zoning description
General Commercial
Parking
6
Parking features
Parking Lot, Carport
Subdivision
San Angelo Heights
Standard status
Active
APN
R000036381
Size
1,980 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Description
Acres: 0.450 Lot: 7 Thru 9 Less The South 10' Of Lot 7 Blk: 158 Subd: Angelo Heights Addition
Legal Description
Acres: 0.450 Lot: 7 Thru 9 Less The South 10' Of Lot 7 Blk: 158 Subd: Angelo Heights Addition
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Amenities
bay doors
office space
storage areas
restrooms
Building Details
Year built
1957
Floors in Building
1
Flooring type
Concrete
Building materials
Brick, Concrete
Listing Agency:
ERA Newlin & Company · ERA Real Estate
(325) 481-0500
Listed By:
Lidia Elzein · License #0589236
(325) 450-0562
Added: Jul 21
Changed: Aug 26
Last Checked: Sep 7 at 11:06AM
MLS# 201710
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 1,980-square-foot flex property was built in 1957 and occupies three lots totaling 0.45 acres. The brick building includes three bay doors, office space, storage areas, two restrooms, and concrete flooring. A parking lot and carport provide on-site vehicle accommodations, while commercial zoning supports a range of business applications.
Located at 1624 W Beauregard Avenue in San Angelo, the property has access to public water and public sewer. Water is available, and the existing configuration combines functional work areas with administrative and storage space within a compact commercial building.
Located at 1624 W Beauregard Avenue in San Angelo, the property has access to public water and public sewer. Water is available, and the existing configuration combines functional work areas with administrative and storage space within a compact commercial building.
Key Highlights
- 1,980‑square‑foot flex property on 0.45 acres
- Three bay doors, office space, storage areas, and two restrooms
- Situated on three lots at 1624 W Beauregard Avenue
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
$14,131
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
4.71%
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%
$282,620
$282.6K
Cap Rate 7%
$201,871
$201.9K
Cap Rate 9%
$157,011
$157.0K
Market Conditions
NOI Build-Up for 1,980 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
$23.8K $12.00/SF
− Vacancy
−$2.0K −$1.02/SF
EGI
$21.7K $10.98/SF
− OpEx
−$7.6K −$3.84/SF
NOI
$14.1K $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%
$282,620
Cap Rate 7%
$201,871
Cap Rate 9%
$157,011
Alternative Uses
Best Use
Flex RnD
$201.9K
$176.6K – $235.5K
NOI $14,131 @ 7.0% cap · market cap 4.71%
Second Best
Warehouse
$176.9K
$154.8K – $206.4K
NOI $12,381 @ 7.0% cap · market cap 4.13%
Theoretical Best
Multifamily LT 5
$1.52M
$1.33M – $1.77M
NOI $106,099 @ 7.0% cap · market cap 35.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76901, TX
31,084
Population
13,783
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
88%
High-School Grad
346.0 sq mi
ZIP Area
90
Density / Sq Mi
$64,542
Median Household Income
$35,343
Median Earnings
$1,188
Median Rent
$169,500
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 - Brick commercial building with offices, storage, restrooms, and concrete flooring.
Where is this flex space located?
The property is located at 1624 W Beauregard Avenue San Angelo, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,980‑square‑foot flex property on 0.45 acres; Three bay doors, office space, storage areas, and two restrooms; Situated on three lots at 1624 W Beauregard Avenue
