Flex Workshop with Two
1920 N Chadbourne Street San Angelo, TX 76903
New
1920 N Chadbourne Street, San Angelo, TX, 76903
$279,000
For Sale
$279,000
COMMERCIAL - San Angelo, TX
Property Size3,098 SF
Lot Size0.29 Acres
Price / SF$90.06
Days on Market6
Property Features for 1920 N Chadbourne Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Security features
- Security System
- Fencing
- Privacy, Fenced
- Standard status
- Active
- APN
- 17-31200-0031-001-00
- Size
- 3,098 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Description
- Acres: 0.289 Lot: 1 & W 40 Ft Of Lot 2 Blk: 31 Subd: Lasker Addition
Utilities
- Utilities
- Electricity Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central, Forced Air
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1957
- Flooring type
- Concrete
- Building materials
- Concrete, Frame
- Roof type
- Metal
Listing agency
Real Broker, LLC
(855) 450-0442
Listed by
Tiffany Sellers · License #0702183
(325) 450-8806
Added: Jul 16 Checked: Jul 21 at 9:06PM
MLS# 200532
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 flex/industrial property includes two large offices, one bathroom, and a paint/cleaning station with a sink. The main workshop is heated and cooled, and there are two garage bays with one electric door. The site is enclosed with completely private metal fencing, and additional workshop space with storage is included.
The property also features a small parking lot and a covered carport area, along with a security system. A heated and cooled workshop and dedicated work areas make the layout suitable for businesses needing both office functionality and enclosed shop space.
Total improvements include the office and workshop areas, paint/cleaning station, bathroom, garage bays, additional workshop storage, and secured outdoor space within the fenced perimeter.
The property also features a small parking lot and a covered carport area, along with a security system. A heated and cooled workshop and dedicated work areas make the layout suitable for businesses needing both office functionality and enclosed shop space.
Total improvements include the office and workshop areas, paint/cleaning station, bathroom, garage bays, additional workshop storage, and secured outdoor space within the fenced perimeter.
Key Highlights
- Year built 1957 with concrete and frame construction and concrete flooring
- Metal roof with central heating/cooling plus additional electric and forced‑air heating
- Utilities include electricity; served by public water and public sewer
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.2k | $12.00 |
| − Vacancy | −$3.2k | −$1.02 |
| EGI | $34.0k | $10.98 |
| − OpEx | −$11.9k | −$3.84 |
| NOI | $22.1k | $7.14 |
3,098 SF · lease $12.00/SF/yr · vacancy 8.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$315.9K
$276.4K – $368.5K
NOI $22,110 @ 7.0% cap · market cap 7.92%
Second Best
Warehouse
$276.7K
$242.2K – $322.9K
NOI $19,372 @ 7.0% cap · market cap 6.94%
Theoretical Best
Multifamily LT 5
$2.37M
$2.08M – $2.77M
NOI $166,007 @ 7.0% cap · market cap 59.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mca's Remodeling
General Contractor
Robles Roofing
Roofing Company
Similar For Sale Nearby
Similar Off Market Nearby
- BBQ Brothers — 1405 N Bryant Blvd, San Angelo, TX 76903
FAQs
What type of property is this?
Flex space - Flex/warehouse facility includes two offices, a heated and cooled workshop, and two garage bays with a private fenced yard.
Where is this flex space located?
The property is located at 1920 N Chadbourne Street San Angelo, TX.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Year built 1957 with concrete and frame construction and concrete flooring; Metal roof with central heating/cooling plus additional electric and forced‑air heating; Utilities include electricity; served by public water and public sewer
