Sherwood Way Retail/Showroom
For Sale
Contact for pricing
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 Market555
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
(915) 942-6533
Listed By:
Brandon Sanders · License #TX 506516
Source:
Crexi
Added: Feb 13, 2025
Changed: Aug 8
Last Checked: Aug 21 at 9:14AM
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 = 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
$100,037
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
5.44%
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%
$2,000,740
$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
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
$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 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%
$2,000,740
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
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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.
