Single-Level Wedding
For Sale
$3,000,000
3636 N Bryant Blvd, San Angelo, TX 76903
Two metal buildings provide event space on a partially fenced acreage site.
Property Size16,300 SF
Lot Size7.60 Acres
Price / SF$184.05
Days on Market11
Property Features for 3636 N Bryant Blvd
General Information
Standard status
Active
Size
16,300 SF
Lot size
7.60 Acres
Amenities
partially fenced
dedicated bridal suite
Building Details
Buildings
2
Stories
1
Construction
metal building
Listing Agency:
Realty85, LLC
(919) 376-5675
Listed By:
Aurora Lozano
(325) 212-9277
Source:
Exprealty
Added: Aug 27
Changed: Sep 5
Last Checked: Sep 5 at 2:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty85, LLC
Investment Insights
Based on property information with market context.
This operating event venue includes approximately 16,300 square feet across two single-level metal buildings. The primary structure contains 15,700 square feet, complemented by a separate 600-square-foot building. A dedicated bridal suite supports the current event use, while the overall building area and open site offer flexibility for reconfiguration or additional commercial applications. The property also provides substantial on-site parking.
Set on 7.60 acres at 3636 N Bryant Blvd in San Angelo, the property occupies the north side of town with exposure to traffic traveling to and from San Angelo. The land is partially fenced and includes room for outdoor activities, additional improvements, or customized operations. Its combination of large-format buildings, acreage, parking, and existing event infrastructure supports a range of venue and commercial uses.
Set on 7.60 acres at 3636 N Bryant Blvd in San Angelo, the property occupies the north side of town with exposure to traffic traveling to and from San Angelo. The land is partially fenced and includes room for outdoor activities, additional improvements, or customized operations. Its combination of large-format buildings, acreage, parking, and existing event infrastructure supports a range of venue and commercial uses.
Key Highlights
- 7.60‑acre property at 3636 N Bryant Blvd in San Angelo
- Approximately 16,300 square feet across two metal buildings
- Main building contains 15,700 square feet; additional building contains 600 square feet
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
$116,333
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
3.88%
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%
$2,326,660
$2.3M
Cap Rate 7%
$1,661,900
$1.7M
Cap Rate 9%
$1,292,589
$1.3M
Market Conditions
NOI Build-Up for 16,300 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
$195.6K $12.00/SF
− Vacancy
−$16.6K −$1.02/SF
EGI
$179.0K $10.98/SF
− OpEx
−$62.6K −$3.84/SF
NOI
$116.3K $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 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%
$2,326,660
Cap Rate 7%
$1,661,900
Cap Rate 9%
$1,292,589
Alternative Uses
Best Use
Flex RnD
$1.66M
$1.45M – $1.94M
NOI $116,333 @ 7.0% cap · market cap 3.88%
Second Best
Industrial
$1.20M
$1.05M – $1.40M
NOI $83,939 @ 7.0% cap · market cap 2.80%
Theoretical Best
Multifamily LT 5
$12.48M
$10.92M – $14.56M
NOI $873,440 @ 7.0% cap · market cap 29.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Wedding venue - Two metal buildings provide event space on a partially fenced acreage site.
Where is this wedding venue located?
The property is located at 3636 N Bryant Blvd San Angelo, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 7.60‑acre property at 3636 N Bryant Blvd in San Angelo; Approximately 16,300 square feet across two metal buildings; Main building contains 15,700 square feet; additional building contains 600 square feet
