Flex Space with Two
New
For Sale
$495,000
2122 N Chadbourne Street, San Angelo, TX 76903
Commercial Sale, San Angelo, TX
Property Size4,836 SF
Lot Size0.48 Acres
Price / SF$102.36
Days on Market1
Property Features for 2122 N Chadbourne Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business
Parking features
Parking Lot
Fencing
Fenced
Subdivision
Lasker
Standard status
Active
APN
17-31200-0039-001-00
Size
4,836 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Description
Legal: Acres: 0.482, Lot: 1 THRU 3, Blk: 39, Subd: LASKER ADDITION
Legal Description
Legal: Acres: 0.482, Lot: 1 THRU 3, Blk: 39, Subd: LASKER ADDITION
Amenities
break room
conference room
Building Details
Year built
1975
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
Stone
Roof type
Metal
Listing Agency:
Keller Williams Synergy · Keller Williams Realty
(325) 292-0800
Listed By:
The Herbert Group
(325) 234-2661
Added: Oct 20
Last Checked: Oct 20 at 9:06PM
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 office space with two warehouses on a 0.482-acre parcel. The 1,635-square-foot office layout includes four offices, a conference room, break room, foyer, and lobby. It has a half bath, a full bath with shower, and two ductless heat-and-cool mini-splits. Both warehouses have electricity, spray-foam insulation, a bathroom, and 9-foot sliding doors; one measures 32 by 24 feet.
The site has two manual gates and one automatic gate, plus 6,650 square feet of concrete paving. Built in 1975, the property has stone construction, tile and carpet flooring, a metal roof, and a fenced parking lot.
The site has two manual gates and one automatic gate, plus 6,650 square feet of concrete paving. Built in 1975, the property has stone construction, tile and carpet flooring, a metal roof, and a fenced parking lot.
Key Highlights
- Two warehouses, each with electricity, spray‑foam insulation, a bathroom, and 9‑foot sliding doors
- Office area totals 1,635 square feet and includes four offices, a conference room, and a break room
- One warehouse measures 32 by 24 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,515
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,300
$690.3K
Cap Rate 7%
$493,071
$493.1K
Cap Rate 9%
$383,500
$383.5K
Market Conditions
NOI Build-Up for 4,836 SF
Gross rent
$58.0K $12.00/SF
− Vacancy
−$4.9K −$1.02/SF
EGI
$53.1K $10.98/SF
− OpEx
−$18.6K −$3.84/SF
NOI
$34.5K $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%
$690,300
Cap Rate 7%
$493,071
Cap Rate 9%
$383,500
Alternative Uses
Best Use
Mixed Use
$699.5K
$612.1K – $816.1K
NOI $48,965 @ 7.0% cap · market cap 9.89%
Second Best
Flex RnD
$493.1K
$431.4K – $575.3K
NOI $34,515 @ 7.0% cap · market cap 6.97%
Theoretical Best
Multifamily LT 5
$3.70M
$3.24M – $4.32M
NOI $259,138 @ 7.0% cap · market cap 52.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
389
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
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 and warehouse areas are paired with gated access and extensive concrete paving.
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 $495,000.
What are key features of this property?
This property features: Two warehouses, each with electricity, spray‑foam insulation, a bathroom, and 9‑foot sliding doors; Office area totals 1,635 square feet and includes four offices, a conference room, and a break room; One warehouse measures 32 by 24 feet
