Sherwood Way Retail/Showroom
For Sale
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4248 Sherwood Way, San Angelo, TX 76901
Retail/showroom property with high visibility and ample parking.
Property Size15,998 SF
Price / SF$115.01
Days on Market601
Property Features for 4248 Sherwood Way
General Information
Standard status
Active
Size
15,998 SF
Class
A
Property subtype
Retail
Zoning
Planned Development
Lease Type
NNN
Building Details
Year Built
2010
Buildings
2
Stories
1
Tenancy
Single
Listing Agency:
Steve Eustis Co Reators
Listed By:
Brandon Sanders · License #TX 506516
(915) 942-6533
Source:
Crexi
Added: Feb 13, 2025
Changed: Sep 15
Last Checked: Oct 5 at 6:35PM
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 Steve Eustis Co Reators
Investment Insights
Based on property information with market context.
Located on Sherwood Way, this property features two stucco buildings designed for retail and service use. Constructed in 2010, the front building encompasses 11,248 square feet and includes a showroom with large display windows on two sides, high grid ceilings, and stained concrete floors. A warehouse area with an overhead door is also part of this building. The second building provides 4,750 square feet of space, incorporating a smaller retail/showroom area, two drive-through bays with 12’ x 12’ overhead doors, and a large storage room. This building also features an 18.5’ ceiling height. A new Duro-Last roof was installed in 2021. The property includes a large parking lot. Situated along a high-traffic corridor, the property offers signage opportunities and accessibility. The property is suitable for retail and service businesses.
Key Highlights
- High‑visibility location on Sherwood Way in a high‑traffic corridor.
- Large parking lot with ample parking for customers and employees.
- Two buildings totaling 15,998 square feet, suitable for retail/showroom and service use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,037
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,000,740
$2.0M
Cap Rate 7%
$1,429,100
$1.4M
Cap Rate 9%
$1,111,522
$1.1M
Market Conditions
NOI Build-Up for 15,998 SF
Gross rent
$128.6K $8.04/SF
− Vacancy
−$10.9K −$0.68/SF
EGI
$117.7K $7.36/SF
− OpEx
−$17.7K −$1.10/SF
NOI
$100.0K $6.25/SF
Area
Tom Green County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,000,740
Cap Rate 7%
$1,429,100
Cap Rate 9%
$1,111,522
Alternative Uses
Best Use
Retail
$3.07M
$2.68M – $3.58M
NOI $214,744 @ 7.0% cap · market cap 11.67%
Second Best
Warehouse
$1.43M
$1.25M – $1.67M
NOI $100,037 @ 7.0% cap · market cap 5.44%
Theoretical Best
Multifamily LT 5
$12.25M
$10.72M – $14.29M
NOI $857,257 @ 7.0% cap · market cap 46.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Showroom - Retail/showroom property with high visibility and ample parking.
Where is this showroom located?
The property is located at 4248 Sherwood Way San Angelo, TX.
What is the asking price?
The asking price for this property is $1,840,000.
What are key features of this property?
This property features: High‑visibility location on Sherwood Way in a high‑traffic corridor.; Large parking lot with ample parking for customers and employees.; Two buildings totaling 15,998 square feet, suitable for retail/showroom and service use.
