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    Downtown San Angelo Commercial Opportunity Title is generated by Realmo AI

    25 S Chadbourne Street, San Angelo, TX 76903

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    Claim this Listing
    For Sale
    $1,500,000

    COMMERCIAL - San Angelo, TX

    Type:Retail
    Property size:
    18,383 SF
    Lot size:
    0.68 Acres
    Price / SF:
    $81/SF
    Added:
    Apr 6, 2026
    Days on Market:
    61
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for 25 S Chadbourne Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    Central Business District
    Parking features
    On Street, Parking Lot
    Security features
    Security Lighting
    Standard status
    Active
    APN
    23-41700-0130-001-00
    Size
    18,383 SF
    Lot size
    0.68 Acres

    Taxes and HOA fees

    Tax Description
    Multiple Legals - See Attached Documents

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1956
    Floors in Building
    2
    Flooring type
    Wood, Laminate, Combination, Concrete
    Building materials
    Block, Brick, Concrete
    Roof type
    Membrane

    We can help!

    Listing Contact
    Sterling Davidson Fryar
    Sterling Davidson Fryar

    Listing agent Sterling Davidson Fryar License #0585689

    Listing office Keller Williams Synergy 2117 Knickerbocker, Abilene, TX

    Listing date Apr 6, 2026

    MLS# 200376

    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.

    HighLights

    • Former Meyers Drug Store building at 29 S Chadbourne St with parking lot to the north and an additional lot across the street
    • Two‑story building with a finished basement; first floor was used for retail and basement served as inventory storage
    • Second floor is in shell condition, ready for conversion to loft apartments, professional offices, or retail
    • Basement has exterior access and is sprinklered, offering another potential leased space option
    • Central heating and central air with electric cooling
    • Public utilities include public water and public sewer; roof is membrane

    Overview

    This is an offering of the former Meyers Drug Store building located at 29 S Chadbourne Street, along with the parking lot to the north of the building, as well as the parking lot across the street. The building consists of two stories and a finished basement. The first floor was utilized for retail purposes and the basement was used as additional inventory storage. The second floor is in shell condition and is ready for various ideas, whether it is loft apartments, professional offices, retail, etc. The basement has exterior access and is sprinklered, making it another option for a leased space. The parking lot across the street carries a vast amount of value due to the lack of parking in the downtown area. This lot could be used as rental spaces or someone could construct a parking garage for income generation. The property is located in San Angelo, TX, and is zoned Central Business District. The lot size is 0.675 acres and the property size is 18383 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    United Health Church Church

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Angelo
    County
    Tom Green
    State
    Texas
    Longitude
    -100.437116
    Latitude
    31.46273

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    FAQs

    What type of property is this?
    Storefront property - Two-story commercial building with parking in downtown San Angelo, TX.
    Where is this storefront property located?
    The property is located at 25 S Chadbourne Street San Angelo, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Former Meyers Drug Store building at 29 S Chadbourne St with parking lot to the north and an additional lot across the street; Two‑story building with a finished basement; first floor was used for retail and basement served as inventory storage; Second floor is in shell condition, ready for conversion to loft apartments, professional offices, or retail
    (325) 276-0757
    We can help!
    Listing Contact
    Sterling Davidson Fryar
    Sterling Davidson Fryar
    Real Estate License ID: 0585689
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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