Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    303 Harris Ave San Angelo, TX 76903

    • Office properties & Spaces
    • 4,755 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fat Matt Roofing / Roofing Company / General Contractor
    • Sell San Angelo / Construction Company / General Contractor
    • Peter Ping-Chung Chang / Pediatrician / Physician
    • Peter Chang, MD / Pediatrician / Physician
    • Airrosti San Angelo / Medical Clinic

    Property Details for 303 Harris Ave

    Year built
    1959
    Property size
    4,755 SF
    Property type
    Office properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Angelo
    County
    Tom Green
    State
    Texas
    Longitude
    -100.443
    Latitude
    31.4619

    Comparable in this City

    • Value Estimation by Request
      0.99 Acres

      3800 Adobe Dr

      Distribution properties • 7,459 SF
      3800 Adobe Dr, San Angelo, TX 76903
      View Details
    • Value Estimation by Request
      1 SF

      1923 Chadbourne St

      Office properties & Spaces • 1 SF
      1923 Chadbourne St, San Angelo, TX 76903
      View Details
    • Value Estimation by Request
      2,056 SF

      303 Harris Ave

      Office properties & Spaces • 2,056 SF
      303 Harris Ave, San Angelo, TX 76903
      View Details
    • Value Estimation by Request
      3,895 SF

      940 14Th St

      Land • 3,895 SF
      940 14Th St, San Angelo, TX 76903
      View Details
    • Value Estimation by Request
      1,547 SF

      225 Abe St

      OFFICE (GENERAL) • 1,547 SF
      225 Abe St, San Angelo, TX 76903-6305
      View Details
    • Value Estimation by Request
      0.16 Acres

      28th St

      OFFICE BUILDING • 0.16 Acres
      28th St, San Angelo, TX 76903
      View Details

    Similar Nearby for Sale

    • Sponsored
      $1,495,000
      6,000 SF

      1101 S Abe St

      Centrally Located Attractive Office Warehouse
      1101 S Abe St, San Angelo, TX 76903
      View Details
    • $320,000
      6,492 SF

      San Angelo Commercial Space Available

      Multipurpose commercial building with multiple rooms and kitchen areas.
      122 W 14Th St, San Angelo, TX 76903
      View Details
    • $290,000
      4,098 SF

      San Angelo Commercial Property For Sale

      Commercial property in high-traffic location with offices and workshop.
      1920 N Chadbourne St, San Angelo, TX 76903
      View Details
    • $284,900
      2,500 SF

      Versatile Commercial Building in San Angelo

      2,500 sq ft commercial building with high visibility.
      115 Avenue W, San Angelo, TX 76903
      View Details
    • $750,000
      2,275 SF

      San Angelo Commercial Opportunity

      Commercial property suitable for office or medical use in San Angelo.
      2418 N Bryant Blvd, San Angelo, TX 76903
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      4,727 SF

      San Angelo Commercial Property For Lease

      Commercial property featuring office and warehouse spaces available for lease.
      2122 N Chadbourne St, San Angelo, TX 76903
      View Details
    • $2,500 /Mo
      2,250 SF

      Downtown San Angelo Upstairs Office

      Private entrance, bathroom, conference room, and storage in downtown office.
      210 S Chadbourne St, San Angelo, TX 76903
      View Details
    • $7,500 /Mo
      5,000 SF

      Spacious Yard with New Shop

      Fenced yard with shop, office, and multi-purpose buildings.
      2901 W Fm 2105, San Angelo, TX 76903
      View Details
    • New
      $600 /Mo

      Updated Professional Office Space

      Professional office space for lease in San Angelo, Texas.
      303 West Harris Ave, San Angelo, TX 76903
      View Details
    • Contact for pricing

      Downtown San Angelo Office Suites

      Office suites with downtown views available for rent.
      36 W Beauregard Ave, San Angelo, TX 76903
      View Details
    • Contact for pricing
      256 SF

      Downtown Office Suite Available

      Spacious office suite in a prime downtown location.
      17 S Chadbourne St, San Angelo, TX 76903
      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.
    303 Harris Ave
    San Angelo, TX 76903
    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!