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    3204-3298 Sherwood Way San Angelo, TX 76901

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    3204-3298 Sherwood Way San Angelo, TX 76901

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    • Retail properties & Spaces
    • 55,174 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3204-3298 Sherwood Way

    Property size
    55,174 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Sherwood Commons, a Class B commercial property in San Angelo, Texas, offers versatile office and retail space. Located at 3204-3298 Sherwood Way, this 55,174 square foot center sits at a major intersection, providing excellent visibility and accessibility. The property features multiple tenancies, with spaces ranging from a minimum of 1,042 square feet to a maximum contiguous space of 9,772 square feet. Currently, 10,814 square feet are vacant, offering immediate occupancy opportunities for a variety of businesses. The property's location near Angelo State University makes it ideal for businesses catering to students and the surrounding community. The flexible space is suitable for traditional office, medical office, and general retail uses, accommodating diverse business needs. This property presents a unique opportunity to establish a presence in a thriving Texas community. The building's design and layout are adaptable to various business configurations, ensuring a customizable workspace. The property is situated in Tom Green County, offering access to a robust local economy and a growing population. This prime location and flexible space make Sherwood Commons an attractive option for businesses seeking a strategic foothold in San Angelo.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Angelo
    County
    Tom Green
    State
    Texas
    Longitude
    -100.48
    Latitude
    31.4466

    Comparable in this City

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      12,250 SF

      2901 Sherwood Way

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      $3,120,000
      26,375 SF

      6046 Appaloosa Trl

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      5730 Sherwood Way

      MEDICAL BUILDING • 3,960 SF
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      1,161 SF

      123 A And M Ave

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      3,800 SF

      3150 Appaloosa Cir

      MEDICAL BUILDING • 3,800 SF
      3150 Appaloosa Cir, San Angelo, TX 76901-5225
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    • Value Estimation by Request
      2,976 SF

      2902 Beauregard Ave

      DENTAL BUILDING • 2,976 SF
      2902 Beauregard Ave, San Angelo, TX 76901-3644
      View Details

    Similar Nearby for Sale

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      Turnkey Restaurant in Prime Location

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      3029 Sherwood Way, San Angelo, TX 76901
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      Turnkey Restaurant in San Angelo

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    • Contact for pricing
      3,453 SF

      Turnkey Restaurant in San Angelo

      Fully furnished restaurant with drive-through and ample parking.
      3029 Sherwood Way, San Angelo, TX 76901
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    Similar Nearby for Lease

    • Contact for pricing

      San Angelo Retail/Office Space

      55,000 SF property suitable for retail, office, and restaurants.
      3204-3298 Sherwood Way, San Angelo, TX 76901
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      Retail Space on Sherwood Way

      High-visibility retail space in a bustling San Angelo shopping center.
      2901 Sherwood Way, San Angelo, TX 76901
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      3,000 SF

      Spacious Office in Central Location

      Large, flexible office space in a high-traffic area.
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      High-Traffic Retail Center Space

      Established retail center with high visibility and ample parking.
      2725 Sherwood Way, San Angelo, TX 76901
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      Prime Commercial Space For Rent

      Commercial space in a busy San Angelo location.
      2825 Sherwood Way, San Angelo, TX 76901
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    • $750 /Mo
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      San Angelo Commercial Space Available

      Office and warehouse spaces for lease in San Angelo, TX.
      4152 Arden Rd, San Angelo, TX 76901
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    San Angelo, TX 76901
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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