Flex Space with Loading
For Sale
Contact for pricing
59 E 6th Street, San Angelo, TX 76903
Adaptable commercial building with multiple rooms, exterior access doors, warehouse space, and on-site parking.
Property Size8,500 SF
Price / SF$100
Days on Market15
Property Features for 59 E 6th Street
General Information
Standard status
Active
Size
8,500 SF
Property subtype
Special Purpose
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Dock-High Doors
1
Building Details
Year Built
1999
Listing Agency:
Coldwell Banker Legacy San Angelo
(325) 650-9180
Listed By:
Max Puello · License #TX
Source:
Crexi
Added: Aug 8
Changed: Aug 22
Last Checked: Aug 21 at 11:08PM
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 Coldwell Banker Legacy San Angelo
Investment Insights
Based on property information with market context.
This 8,500-square-foot flex property, built in 1999, combines a multi-room interior with features suited to varied commercial operations. Several rooms have direct exterior access, while a dedicated warehouse area, loading dock, and overhead garage door support storage and material handling. The layout also includes a spacious parking lot.
The property fronts the Loop 306 access road at 59 E 6th Street in San Angelo and is located next to public transit. Its combination of accessible rooms, separate entry points, warehouse functionality, and parking accommodates office, retail, service, or multi-tenant configurations as described in the property information.
The property fronts the Loop 306 access road at 59 E 6th Street in San Angelo and is located next to public transit. Its combination of accessible rooms, separate entry points, warehouse functionality, and parking accommodates office, retail, service, or multi-tenant configurations as described in the property information.
Key Highlights
- 8,500 square feet of flex space built in 1999
- Located along the Loop 306 access road at 59 E 6th Street
- Multiple large rooms, with exterior access doors serving many rooms
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
$60,665
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
7.14%
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%
$1,213,300
$1.2M
Cap Rate 7%
$866,643
$866.6K
Cap Rate 9%
$674,056
$674.1K
Market Conditions
NOI Build-Up for 8,500 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
$102.0K $12.00/SF
− Vacancy
−$8.7K −$1.02/SF
EGI
$93.3K $10.98/SF
− OpEx
−$32.7K −$3.84/SF
NOI
$60.7K $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%
$1,213,300
Cap Rate 7%
$866,643
Cap Rate 9%
$674,056
Alternative Uses
Best Use
Flex RnD
$866.6K
$758.3K – $1.01M
NOI $60,665 @ 7.0% cap · market cap 7.14%
Second Best
Warehouse
$759.3K
$664.4K – $885.9K
NOI $53,151 @ 7.0% cap · market cap 6.25%
Theoretical Best
Multifamily LT 5
$6.51M
$5.69M – $7.59M
NOI $455,475 @ 7.0% cap · market cap 53.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,549
Businesses Nearby
Under-served
Demand for This Use
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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Similar Off Market Nearby
- Julio's Burritos — 314 N Bryant Blvd, San Angelo, TX 76903
- BBQ Brothers — 1405 N Bryant Blvd, San Angelo, TX 76903
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial building with multiple rooms, exterior access doors, warehouse space, and on-site parking.
Where is this flex space located?
The property is located at 59 E 6th Street San Angelo, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 8,500 square feet of flex space built in 1999; Located along the Loop 306 access road at 59 E 6th Street; Multiple large rooms, with exterior access doors serving many rooms
