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    6055 Sherwood Way San Angelo, TX 76901

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    6055 Sherwood Way San Angelo, TX 76901

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    • Lifestyle centers
    • 16,300 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 6055 Sherwood Way

    Property size
    16,300 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Angelo Commons, a new retail shopping center in San Angelo, Texas, is slated for completion in Q2 2025. This development, located at 6055 Sherwood Way, 76901, in Tom Green County, offers exceptional retail space within the Shops at Sherwood. The center comprises two identical buildings, each encompassing 8,000 square feet, totaling 16,300 square feet of leasable space. Each building is designed with drive-thrus at each end cap, although this configuration is subject to change, potentially resulting in a single building with two end caps. The minimum divisible space is 1,200 square feet, providing flexibility for various retail businesses. This prime location sits on Sherwood Way, a major east-west thoroughfare in San Angelo, ensuring high visibility and accessibility for customers. Angelo Commons presents a unique opportunity for businesses seeking to establish a presence in this thriving Texas market. The property is currently in the planning stages, offering prospective tenants the chance to secure space in a brand-new, modern shopping center. This development promises a strategic location within a well-established commercial area, providing excellent potential for growth and success. Contact us to learn more about available spaces and leasing opportunities.

    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
    -100.517
    Latitude
    31.4248

    Comparable in this City

    • Value Estimation by Request

      Tyler St

      Retail properties & Spaces
      0 Tyler St, San Angelo, TX 76901
      View Details
    • Value Estimation by Request
      55,174 SF

      3204-3298 Sherwood Way

      Restaurants • 55,174 SF
      3204-3298 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
    • Value Estimation
      $13,155,000
      74,916 SF

      4351 Sunset Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 74,916 SF
      4351 Sunset Dr, San Angelo, TX 76901-5610
      View Details
    • Value Estimation
      $4,690,000
      26,376 SF

      3315 Sherwood Way

      WHOLESALE OUTLET, DISCOUNT STORE • 26,376 SF
      3315 Sherwood Way, San Angelo, TX 76901-3518
      View Details
    • Value Estimation
      $1,410,000
      11,280 SF

      8396 Grape Crk Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 11,280 SF
      8396 Grape Crk Rd, San Angelo, TX 76901-5946
      View Details

    Similar Nearby for Sale

    • $5,129,000

      San Angelo Retail Shopping Centers

      Two shopping centers in a strong retail corridor for sale.
      5770 Sherwood Way, San Angelo, TX 76901
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    • $745,000
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      Turnkey Restaurant in Prime Location

      Fully furnished restaurant with top-of-the-line equipment and ample parking.
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      Restaurant Building on Corner Lot

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      Sherwood Oaks Shopping Center

      Fully occupied shopping center with diverse tenant mix.
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      Versatile Commercial Building in San Angelo

      14,970 sq ft commercial building in high-traffic location.
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    • Contact for pricing

      Retail Space Available For Sale

      Retail space available for sale in San Angelo, Texas.
      Tyler St, San Angelo, TX 76901
      View Details

    Similar Nearby for Lease

    • 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
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    • $30 SF/Yr
      1,025 SF

      Retail Space in Sherwood Center

      1,025 SF retail space in a busy shopping center.
      4518 Sherwood Way, San Angelo, TX 76901
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    • 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
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    • $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
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    • $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
    • Contact for pricing

      Retail Space on Sherwood Way

      High-visibility retail space in a bustling San Angelo shopping center.
      2901 Sherwood Way, San Angelo, TX 76901
      View Details
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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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