Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6136 Grand Court Rd San Angelo, TX 76901

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6136 Grand Court Rd San Angelo, TX 76901

    View on Map
    • Land
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 6136 Grand Court Rd

    Lot size
    1.00 lot acres
    Property type
    Land

    Description

    This exceptional 2.3-acre commercial land parcel presents a unique investment opportunity in San Angelo, Texas. Situated in the highly sought-after Far West Subdivision, this property is the last remaining lot, offering unparalleled potential for development. Its strategic location at the intersection of FM 2288 and Sherwood Way places it within a rapidly expanding commercial corridor, surrounded by significant recent development activity. Neighboring businesses include a Spring Memory Care Facility and a Hawthorn Inn & Suites, ensuring high visibility and accessibility. The recent sale of a 1.5-acre adjacent parcel for a new Colorado City Bank branch office further underscores the area's strong growth trajectory. The property boasts existing underground piping and drainage infrastructure, leading to an area detention pond, maximizing usable development space. Furthermore, the lot is divisible, offering flexibility to accommodate various development plans and sizes to meet specific needs. The property is zoned for General Commercial use, providing a wide range of development possibilities. With its prime location, infrastructure advantages, and potential for subdivision, this 2.3-acre parcel represents a compelling investment opportunity in a thriving Texas market. The APN is 10-22705-0002-001-60. The asking price is $801,000.

    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
    -100.515
    Latitude
    31.4282

    Comparable in this City

    • Value Estimation by Request
      7.22 Acres

      316 Drexel Dr

      Land • 7.22 Acres
      316 Drexel Dr, San Angelo, TX 76901
      View Details
    • Value Estimation by Request
      1.38 Acres

      10409 Grape Creek Rd

      Multifamily properties • 1,500 SF
      10409 Grape Creek Rd, San Angelo, TX 76901
      View Details
    • Value Estimation by Request
      0.64 Acres

      Melrose Ave

      Land • 0.64 Acres
      0 Melrose Ave, San Angelo, TX 76901
      View Details
    • Value Estimation by Request
      2.12 Acres

      TX-306 Loop Dr

      Land • 2.12 Acres
      TX-306 Loop Dr, San Angelo, TX 76901
      View Details
    • Value Estimation by Request
      1.57 Acres

      6114 Sherwood Way

      Land • 1.57 Acres
      6114 Sherwood Way, San Angelo, TX 76901
      View Details
    • Value Estimation by Request
      1.02 Acres

      2532 Southwest Blvd

      Land • 44,518 SF
      2532 Southwest Blvd, San Angelo, TX 76901
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      20-Acre Yard for Sale

      20-acre yard, graded, caliche-stabilized, willing to subdivide for leasing.
      10357 Mule Creek Rd, San Angelo, TX 76901
      View Details
    • Contact for pricing

      San Angelo Land Opportunity

      10-acre lot near downtown San Angelo available for purchase.
      6604 Arden Rd, San Angelo, TX 76901
      View Details
    • $175,000
      5.64 Acres

      Land For Sale, San Angelo

      Over 5 acres of land outside city limits.
      6859 Oilfield Dr, San Angelo, TX 76901
      View Details
    • $414,750
      33.18 Acres

      San Angelo Land Parcel For Sale

      33.18 acre land parcel perfect for development or custom home.
      8018 N Evergreen Ln, San Angelo, TX 76901
      View Details
    • Contact for pricing
      674,309 SF

      Prime Highway Frontage Development Land

      15.482 acres suitable for retail development with highway frontage.
      4351 W Houston Harte Expy, San Angelo, TX 76901
      View Details
    • $2,950,000

      Development-Ready Land on N. Bryant

      14.5-acre commercial development tract with high visibility and access.
      3502 N Bryant Blvd, San Angelo, TX 76901
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      10 Acre Lot Near Downtown

      10 acre lot located minutes from downtown San Angelo.
      6800 Arden Rd, San Angelo, TX 76901
      View Details
    • Contact for pricing
      3,000 SF

      Spacious Office in Central Location

      Large, flexible office space in a high-traffic area.
      2029-2033 W Beauregard Ave, San Angelo, TX 76901
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Near HEB Grocery

      Retail space available adjacent to HEB Grocery Store.
      3329 Sherwood Way, San Angelo, TX 76901
      View Details
    • Contact for pricing
      2,720 SF

      Retail Center Near Angelo State

      55,174 SF retail center with large parking field.
      3222-3298 Sherwood Way, San Angelo, TX 76901
      View Details
    • $7 SF/Yr
      19,177 SF

      Remodeled Retail Building Near H-E-B

      Remodeled retail space with flexible layout in a prime location.
      3315 Sherwood Way, San Angelo, TX 76901
      View Details
    • $5,000 /Mo
      7,020 SF

      High Traffic Retail Location

      Retail space for lease in San Angelo, Texas.
      4230 Sherwood Way, San Angelo, TX 76901
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6136 Grand Court Rd
    San Angelo, TX 76901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!