Flex Space with Drive-Through
For Sale
$275,000
8 E 11th Street, San Angelo, TX 76903
Commercial Sale, San Angelo, TX
Property Size3,950 SF
Lot Size0.25 Acres
Price / SF$69.62
Days on Market89
Property Features for 8 E 11th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Fencing
Fenced, Chain Link
Subdivision
Miles
Standard status
Active
APN
R000012256
Size
3,950 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
Acres: 0.138 Lot: 12 & 13 & E10 Of 11 Blk: 54 Subd: Miles Addition
Legal Description
Acres: 0.138 Lot: 12 & 13 & E10 Of 11 Blk: 54 Subd: Miles Addition
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1959
Listing Agency:
Scott Allison Real Estate
(325) 949-5575
Listed By:
Todd E Cauthorn · License #0440520
(325) 656-1662
Added: Jul 11
Changed: Sep 13
Last Checked: Oct 7 at 4:06PM
MLS# 200766
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.
Investment Insights
Based on property information with market context.
This 3,950-square-foot flex property combines warehouse and office space within a 1959 building. The office component measures 560 square feet and includes a loft, while double doors support drive-through access when needed. A new electric panel has been installed, and the building is served by central heating and central air.
The property includes a 0.253-acre lot with an additional lot, chain-link fencing, public water, and public sewer. Its location just off Chadbourne provides a defined commercial setting in San Angelo.
The property includes a 0.253-acre lot with an additional lot, chain-link fencing, public water, and public sewer. Its location just off Chadbourne provides a defined commercial setting in San Angelo.
Key Highlights
- 3,950 square feet of flex space
- 560 square feet of office space with a loft
- Double doors provide drive‑through access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,700
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,000
$494.0K
Cap Rate 7%
$352,857
$352.9K
Cap Rate 9%
$274,444
$274.4K
Market Conditions
NOI Build-Up for 3,950 SF
Gross rent
$31.8K $8.04/SF
− Vacancy
−$2.7K −$0.68/SF
EGI
$29.1K $7.36/SF
− OpEx
−$4.4K −$1.10/SF
NOI
$24.7K $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%
$494,000
Cap Rate 7%
$352,857
Cap Rate 9%
$274,444
Alternative Uses
Best Use
Office B
$761.8K
$666.6K – $888.8K
NOI $53,325 @ 7.0% cap · market cap 19.39%
Second Best
Flex RnD
$402.7K
$352.4K – $469.9K
NOI $28,191 @ 7.0% cap · market cap 10.25%
Theoretical Best
Multifamily LT 5
$3.02M
$2.65M – $3.53M
NOI $211,662 @ 7.0% cap · market cap 76.97%
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
941
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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 - Includes dedicated office space, a loft, central HVAC, and fenced outdoor area.
Where is this flex space located?
The property is located at 8 E 11th Street San Angelo, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 3,950 square feet of flex space; 560 square feet of office space with a loft; Double doors provide drive‑through access
