Office Building with Outdoor
For Sale
$139,000
902 E 19th St, San Angelo, TX 76903
General/Heavy Commercial zoning supports an office layout with a separate suite, restroom, and flexible outdoor business space.
Property Size880 SF
Price / SF$157.95
Days on Market49
Property Features for 902 E 19th St
General Information
Standard status
Active
Size
880 SF
Zoning
General/Heavy Commercial
Additional Details
Asking Price
$149,000
Outdoor Storage
Yes
Office Build-Out
880 SF
Listing Agency:
ERA Newlin & Company
Listed By:
Texas Living Realty Group
(325) 481-0500
Source:
Exprealty
Added: Jul 18
Changed: Sep 2
Last Checked: Sep 1 at 9:27PM
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 ERA Newlin & Company
Investment Insights
Based on property information with market context.
This office property combines a primary workspace with a separately accessed office suite and restroom. The building provides approximately 880 square feet, while the rear portion of the site adds outdoor area for equipment, work vehicles, trailers, and stored materials. An apartment is also positioned behind the office building and may provide additional functional flexibility.
The property is located at 902 E 19th St in San Angelo, Texas, along a heavily traveled corridor with strong exposure. General/Heavy Commercial zoning is in place, and the configuration includes office space, rear outdoor storage, and an additional residential improvement within the same property. The separate entrance and restroom create a distinct space that can function independently from the main office.
The property is located at 902 E 19th St in San Angelo, Texas, along a heavily traveled corridor with strong exposure. General/Heavy Commercial zoning is in place, and the configuration includes office space, rear outdoor storage, and an additional residential improvement within the same property. The separate entrance and restroom create a distinct space that can function independently from the main office.
Key Highlights
- Approximately 880 square feet of office workspace
- Separate office suite with private entrance and restroom
- Rear outdoor area for equipment, vehicles, trailers, and materials
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
$11,880
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
8.55%
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%
$237,600
$237.6K
Cap Rate 7%
$169,714
$169.7K
Cap Rate 9%
$132,000
$132.0K
Market Conditions
NOI Build-Up for 880 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
$21.1K $24.00/SF
− Vacancy
−$5.3K −$6.00/SF
EGI
$15.8K $18.00/SF
− OpEx
−$4.0K −$4.50/SF
NOI
$11.9K $13.50/SF
Area
Tom Green County, TX
Vacancy
25.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$237,600
Cap Rate 7%
$169,714
Cap Rate 9%
$132,000
Alternative Uses
Best Use
Office B
$169.7K
$148.5K – $198.0K
NOI $11,880 @ 7.0% cap · market cap 8.55%
Second Best
Flex RnD
$89.7K
$78.5K – $104.7K
NOI $6,281 @ 7.0% cap · market cap 4.52%
Theoretical Best
Multifamily LT 5
$673.6K
$589.4K – $785.9K
NOI $47,155 @ 7.0% cap · market cap 33.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - General/Heavy Commercial zoning supports an office layout with a separate suite, restroom, and flexible outdoor business space.
Where is this office building located?
The property is located at 902 E 19th St San Angelo, TX.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Approximately 880 square feet of office workspace; Separate office suite with private entrance and restroom; Rear outdoor area for equipment, vehicles, trailers, and materials
