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

    1317 Colorado Ave San Angelo, TX 76901

    • Warehouses
    • 14,320 SF
    • 0.96 lot acres
    For Lease
    View listing
    $8,500 /Mo
    Value Estimations
    $580,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6733880
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Concho Resource Center / Non-Profit Organization

    Property Details for 1317 Colorado Ave

    Year built
    1940
    Lot size
    0.96 lot acres
    Property size
    14,320 SF
    Property type
    Warehouses
    APN
    01-11000-0109-008-00
    APU
    111000010900800

    Description

    This exceptional 23,484-square-foot commercial property offers a unique blend of office and warehouse space, ideal for businesses seeking flexible and expansive accommodations. Situated just one block from Beauregard Street and adjacent to the desirable Santa Rita neighborhood, this Class B building boasts a strategic location. The property features a single, two-story structure situated on a 0.9-acre lot, zoned for General Commercial use. The interior layout is highly adaptable, including six private offices, three large open offices suitable for multiple workstations, a spacious open area for collaborative work, a welcoming reception area, a dedicated conference room, and a generously sized break room. Multiple restrooms cater to a large workforce. A significant advantage is the inclusion of a second-story, three-bedroom apartment, offering versatile use as administrative offices, guest accommodations, or additional workspace. Extensive parking is provided with 40+ spaces in a secure, pipe-fenced lot. An outdoor courtyard adds an attractive amenity for employee breaks or company events. The property's multiple tenancy allows for diverse business configurations. This versatile space is perfect for a growing company or an established business requiring additional room. The cross street is Jefferson.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $430,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $730,000
      Market price range: $547k - $1.60M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Angelo
    County
    Tom Green
    State
    Texas
    Longitude
    -100.454
    Latitude
    31.4548
    CBSA code
    41660
    CBSA name
    SAN ANGELO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,739
    $104,940
    $384,580
    $489,520
    -
    $104,940
    $384,580
    $489,520

    Comparable in this City

    • Value Estimation by Request
      7,500 SF

      6755 Spindle Top Rd

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    • Value Estimation by Request
      5,226 SF

      103 Jefferson St

      WAREHOUSE, STORAGE • 5,226 SF
      103 Jefferson St, San Angelo, TX 76901
      View Details
    • Value Estimation by Request
      10,080 SF

      2302 Harris Ave

      WAREHOUSE, STORAGE • 10,080 SF
      2302 Harris Ave, San Angelo, TX 76901
      View Details
    • Value Estimation
      $505,000
      4,860 SF

      3501 Arden Rd

      WAREHOUSE, STORAGE • 4,860 SF
      3501 Arden Rd, San Angelo, TX 76901-2715
      View Details
    • Value Estimation by Request
      2,280 SF

      2423 Sherwood Way

      WAREHOUSE, STORAGE • 2,280 SF
      2423 Sherwood Way, San Angelo, TX 76901-3034
      View Details
    • Value Estimation by Request
      2,400 SF

      6050 Side Vw Rd

      WAREHOUSE, STORAGE • 2,400 SF
      6050 Side Vw Rd, San Angelo, TX 76901-5438
      View Details

    Similar Nearby for Sale

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    • $1,500,000
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      Office/Warehouse Space in San Angelo

      23,484 SF office/warehouse near Santa Rita neighborhood.
      1317 Colorado Ave, San Angelo, TX 76901
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      1.57 Acres

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      Land • 1.57 Acres
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    Similar Nearby for Lease

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    • $8,500 /Mo
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      San Angelo Office/Warehouse Space

      23,484 SF office/warehouse with apartment near Santa Rita neighborhood.
      1317 Colorado Ave, San Angelo, TX 76901
      View Details
    • Contact for pricing
      1,042 SF

      Retail Center Near Angelo State

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    • $13 SF/Yr
      5,000 SF

      Retail Space Near HEB Grocery

      Retail space available adjacent to HEB Grocery Store.
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    • $5,000 /Mo
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      Spacious Office in Central Location

      Large, flexible office space in a high-traffic area.
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      View Details
    • $10 SF/Yr
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      Sherwood Commons Office Suites

      San Angelo, TX Office Space Available
      3204-3298 Sherwood Way, San Angelo, TX 76901
      View Details
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    1317 Colorado Ave
    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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