Flex Building with Overhead
8448 Spillway Rd, San Angelo, TX 76904
For Sale
$275,000
A fenced, one-acre tract with utility service and space for vehicle or equipment access accompanies the new construction.
Property Size2,400 SF
Lot Size1.00 Acre
Price / SF$114.58
Days on Market27
Property Features for 8448 Spillway Rd
General Information
Standard status
Size
Lot size
Site & Location
Fenced Yard
Utilities to Site
Building Details
Buildings
Building Size
Construction
Listing Agency:
Concho Capital Real Estate
(210) 201-6250
Listed By:
Skyler Schmickle
(325) 450-1850
Source:
Exprealty
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 8 at 5:36PM
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 Concho Capital Real Estate
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Investment Insights
Based on property information with market context.
This flex property is a metal building under construction, measuring 40' x 60' for 2,400 square feet, with 16' eaves. Plans call for two 12' x 14' automatic overhead doors, two walk-through doors, rain gutters, and closed-cell spray foam insulation. Water and electricity are planned, with electrical service routed underground, along with a septic system and rough-in plumbing for a toilet and sink or sinks.
The building sits on a one-acre tract outside San Angelo city limits, past Lake Nasworthy and near San Angelo Regional Airport. The tract is planned to be fenced and surfaced with base material, with space for parking, storage, and maneuvering vehicles or equipment.
The building sits on a one-acre tract outside San Angelo city limits, past Lake Nasworthy and near San Angelo Regional Airport. The tract is planned to be fenced and surfaced with base material, with space for parking, storage, and maneuvering vehicles or equipment.
Key Highlights
- 2,400‑square‑foot metal building on 1 acre
- 40' x 60' footprint with 16' eaves
- Two planned 12' x 14' automatic overhead doors and two walk‑through doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,129
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,580
$342.6K
Cap Rate 7%
$244,700
$244.7K
Cap Rate 9%
$190,322
$190.3K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$28.8K $12.00/SF
− Vacancy
−$2.4K −$1.02/SF
EGI
$26.4K $10.98/SF
− OpEx
−$9.2K −$3.84/SF
NOI
$17.1K $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 Rate 5%
$342,580
Cap Rate 7%
$244,700
Cap Rate 9%
$190,322
Alternative Uses
Best Use
Flex RnD
$244.7K
$214.1K – $285.5K
NOI $17,129 @ 7.0% cap · market cap 6.23%
Second Best
Warehouse
$214.4K
$187.6K – $250.1K
NOI $15,007 @ 7.0% cap · market cap 5.46%
Theoretical Best
Multifamily LT 5
$1.84M
$1.61M – $2.14M
NOI $128,605 @ 7.0% cap · market cap 46.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76904, TX
36,736
Population
16,812
Households
2.2
Avg Household Size
37
Median Age
35%
College-Educated
95%
High-School Grad
440.8 sq mi
ZIP Area
83
Density / Sq Mi
$79,617
Median Household Income
$45,768
Median Earnings
$1,119
Median Rent
$266,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in San Angelo, TX
Properties on Market for Flex space in San Angelo
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A fenced, one-acre tract with utility service and space for vehicle or equipment access accompanies the new construction.
Where is this flex space located?
The property is located at 8448 Spillway Rd 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: 2,400‑square‑foot metal building on 1 acre; 40' x 60' footprint with 16' eaves; Two planned 12' x 14' automatic overhead doors and two walk‑through doors
