Furnished Restaurant with Commercial
3029 Sherwood Way, San Angelo, TX 76901
For Sale
New
$745,000
Commercial Sale, San Angelo, TX
Property Size3,453 SF
Lot Size0.52 Acres
Price / SF$215.75
Days on Market1
Property Features for 3029 Sherwood Way
General Information
Property type
Property subtype
Zoning description
Parking
Parking features
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Water source
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: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 203062
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.
A 3,453-square-foot restaurant building includes a dining area configured for seating up to 50 patrons and a commercial kitchen equipped with appliances. Furniture and equipment are part of the offering. Interior finishes include tile flooring; the building was constructed in 1975 and has central heating and air conditioning.
The property occupies 0.517 acres at 3029 Sherwood Way in San Angelo. A parking lot provides 29+ spaces, and the reported traffic count exceeds 14,000 vehicles per day.
The property occupies 0.517 acres at 3029 Sherwood Way in San Angelo. A parking lot provides 29+ spaces, and the reported traffic count exceeds 14,000 vehicles per day.
Key Highlights
- Restaurant building with 3,453 square feet of interior space
- Dining area seats up to 50 patrons
- Commercial kitchen includes appliances and equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,085
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,700
$1.2M
Cap Rate 7%
$872,643
$872.6K
Cap Rate 9%
$678,722
$678.7K
Market Conditions
NOI Build-Up for 3,453 SF
Gross rent
$86.2K $24.96/SF
− Vacancy
−$4.7K −$1.37/SF
EGI
$81.4K $23.59/SF
− OpEx
−$20.4K −$5.90/SF
NOI
$61.1K $17.69/SF
Area
Tom Green County, TX
Vacancy
5.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,700
Cap Rate 7%
$872,643
Cap Rate 9%
$678,722
Alternative Uses
Best Use
Specialty Retail
$872.6K
$763.6K – $1.02M
NOI $61,085 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.64M
$2.31M – $3.08M
NOI $185,030 @ 7.0% cap · market cap 24.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
239k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Groceries 32%
Shops & Services 25%
Home Improvements & Furnishings 2%
H-E-B
Groceries
72,892 visits/mo
0.2 miles
SONIC Drive In
Dining
25,072 visits/mo
0.2 miles
Whataburger
Dining
22,247 visits/mo
0.1 miles
Starbucks
Dining
20,904 visits/mo
0.1 miles
Dollar Tree
Shops & Services
19,893 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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Dining space accommodates up to 50 patrons, with on-site parking and restaurant equipment in place.
Where is this conventional restaurant located?
The property is located at 3029 Sherwood Way San Angelo, TX.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Restaurant building with 3,453 square feet of interior space; Dining area seats up to 50 patrons; Commercial kitchen includes appliances and equipment
