Storefront Retail
New
For Sale
$390,000
1932 Sherwood Way, San Angelo, TX 76901
Commercial Sale, San Angelo, TX
Property Size2,542 SF
Lot Size0.51 Acres
Price / SF$153.42
Days on Market3
Property Features for 1932 Sherwood Way
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
General Commercial
Parking features
Parking Lot
Subdivision
Garrett
Standard status
Active
APN
R000021076
Size
2,542 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Description
Acres: 0.508 Blk: 1 Subd: Garretts S/D Part Of Lots 10 Thru 14 & Part Of Lots 4 & 5 Blk 2 & Part Of Harris Street
Legal Description
Acres: 0.508 Blk: 1 Subd: Garretts S/D Part Of Lots 10 Thru 14 & Part Of Lots 4 & 5 Blk 2 & Part Of Harris Street
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1959
Listing Agency:
Scott Allison Real Estate
(325) 949-5575
Listed By:
Todd E Cauthorn · License #0440520
(325) 656-1662
Added: Sep 14
Last Checked: Sep 16 at 5:06AM
MLS# 202424
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 storefront retail building at 1932 Sherwood Way in San Angelo contains 2,542 square feet on a 0.51-acre parcel. The property was built in 1959 and is equipped with central heating and central air conditioning. A parking lot serves the building, while public water and public sewer provide utility service.
The building is currently leased. A 90-day move-out clause is available if the property is intended for owner occupancy. Located in San Angelo, the property offers an existing retail setting with established building improvements and on-site parking.
The building is currently leased. A 90-day move-out clause is available if the property is intended for owner occupancy. Located in San Angelo, the property offers an existing retail setting with established building improvements and on-site parking.
Key Highlights
- 2,542‑square‑foot storefront retail building
- 0.51‑acre parcel at 1932 Sherwood Way, San Angelo, TX 76901
- Currently leased with a 90‑day move‑out clause for owner occupancy
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
$34,122
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
8.75%
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%
$682,440
$682.4K
Cap Rate 7%
$487,457
$487.5K
Cap Rate 9%
$379,133
$379.1K
Market Conditions
NOI Build-Up for 2,542 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
$51.9K $20.40/SF
− Vacancy
−$3.1K −$1.22/SF
EGI
$48.7K $19.18/SF
− OpEx
−$14.6K −$5.75/SF
NOI
$34.1K $13.42/SF
Area
Tom Green County, TX
Vacancy
6.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
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%
$682,440
Cap Rate 7%
$487,457
Cap Rate 9%
$379,133
Alternative Uses
Best Use
Retail
$487.5K
$426.5K – $568.7K
NOI $34,122 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.95M
$1.70M – $2.27M
NOI $136,214 @ 7.0% cap · market cap 34.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
45k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 57%
Shops & Services 23%
Apparel 14%
Home Improvements & Furnishings 5%
Walmart Neighborhood Market
Groceries
25,622 visits/mo
0.1 miles
Dollar General
Shops & Services
7,513 visits/mo
0.4 miles
Goodwill
Apparel
6,236 visits/mo
0.4 miles
Watermill Express
Shops & Services
1,616 visits/mo
0.2 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,612 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Currently leased commercial space with central HVAC and on-site parking.
Where is this storefront property located?
The property is located at 1932 Sherwood Way San Angelo, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 2,542‑square‑foot storefront retail building; 0.51‑acre parcel at 1932 Sherwood Way, San Angelo, TX 76901; Currently leased with a 90‑day move‑out clause for owner occupancy
