Flex Space with Two
2122 N Chadbourne Street, San Angelo, TX 76903
For Sale
$459,000
Commercial Sale, San Angelo, TX
Property Size4,727 SF
Lot Size0.48 Acres
Price / SF$97.10
Days on Market25
Property Features for 2122 N Chadbourne Street
General Information
Property type
Property subtype
Zoning description
Parking features
Fencing
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Amenities
Break Room
Conference Room
Foyer
Lobby
Gated Access
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Synergy · Keller Williams Realty
(325) 292-0800
Listed By:
The Herbert Group
(325) 234-2661
Added: Oct 20
Changed: Nov 13
Last Checked: Nov 13 at 7:06PM
MLS# 202761
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.
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Investment Insights
Based on property information with market context.
This flex property combines 1,635 square feet of office space with two warehouses totaling 3,092 square feet, for 4,727 square feet overall. The office layout has four offices, a conference room, a break room, a foyer and a separate lobby area. Restroom facilities include a half bath and a full bath with a shower, and two ductless mini-split systems provide heating and cooling. Each warehouse has a 9-foot sliding door, spray-foam insulation and electricity; warehouse space also includes a bathroom.
The 0.482-acre property has 6,650 square feet of concrete paving, a fenced perimeter and two manual gates plus one automatic gate. Built in 1975, the building has stone construction and a metal roof. Parking is provided in a lot.
The 0.482-acre property has 6,650 square feet of concrete paving, a fenced perimeter and two manual gates plus one automatic gate. Built in 1975, the building has stone construction and a metal roof. Parking is provided in a lot.
Key Highlights
- Two warehouses provide 3,092 square feet of combined space; office area adds 1,635 square feet
- 4,727 square feet total on a 0.482‑acre site
- Each warehouse has a 9‑foot sliding door, spray‑foam insulation and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,737
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,740
$674.7K
Cap Rate 7%
$481,957
$482.0K
Cap Rate 9%
$374,856
$374.9K
Market Conditions
NOI Build-Up for 4,727 SF
Gross rent
$56.7K $12.00/SF
− Vacancy
−$4.8K −$1.02/SF
EGI
$51.9K $10.98/SF
− OpEx
−$18.2K −$3.84/SF
NOI
$33.7K $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%
$674,740
Cap Rate 7%
$481,957
Cap Rate 9%
$374,856
Alternative Uses
Best Use
Flex RnD
$482.0K
$421.7K – $562.3K
NOI $33,737 @ 7.0% cap · market cap 7.35%
Second Best
Warehouse
$422.3K
$369.5K – $492.6K
NOI $29,558 @ 7.0% cap · market cap 6.44%
Theoretical Best
Multifamily LT 5
$3.62M
$3.17M – $4.22M
NOI $253,298 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Under-served
Demand for This Use
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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
$115,900
Median Home Value
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Market
Average Price Trend$/SF for Flex space in San Angelo, TX
Properties on Market for Flex space in San Angelo
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- BBQ Brothers — 1405 N Bryant Blvd, San Angelo, TX 76903
Frequently Asked Questions
What type of property is this?
Flex space - Office areas include multiple private rooms, a conference room, a break room, and separate restroom facilities.
Where is this flex space located?
The property is located at 2122 N Chadbourne Street San Angelo, TX.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Two warehouses provide 3,092 square feet of combined space; office area adds 1,635 square feet; 4,727 square feet total on a 0.482‑acre site; Each warehouse has a 9‑foot sliding door, spray‑foam insulation and electricity
