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    2307 Loop 306 San Angelo, TX 76904-7625
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    Property profile & analytics

    2307 Loop 306, San Angelo, TX 76904-7625

    View on Map
    • Hotels
    • 81,618 SF
    • 5.00 lot acres
    Off-Market
    Last Sale Feb 10, 2021
    Property ID
    US82-7216859
    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.
    Value Estimations
    $1,260,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Laquinta inn and conference center / Hotel & Motel

    Property Details for 2307 Loop 306

    Year built
    1984
    Lot size
    5.00 lot acres
    Property type
    Hotels
    APN
    24-44600-0000-005-00
    APU
    2444600000000500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 10, 2021 — Sal Krupa Hospitality LLC Cplg Tx Properties LLC Special Warranty Deed $4.2M · Bank Of George
    Feb 16, 2006 — La Quinta Texas Properties LP La Quinta Properties INC Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,210,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,308,000
      Market price range: $1.21M - $2.78M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Angelo
    County
    Tom Green
    State
    Texas
    Longitude
    -100.476
    Latitude
    31.4155
    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
    $80,372
    $1,303,850
    $2,736,150
    $4,040,000
    -
    $1,303,850
    $2,736,150
    $4,040,000

    Comparable in this City

    • Value Estimation
      $1,150,000
      53,516 SF

      3620 Jackson St

      HOTEL
      3620 Jackson St, San Angelo, TX 76904-5512
      View Details
    • Value Estimation
      $1,310,000
      62,613 SF

      1355 Knickerbocker Rd

      HOTEL
      1355 Knickerbocker Rd, San Angelo, TX 76904-5578
      View Details
    • Value Estimation
      $820,000
      24,468 SF

      2959 Loop 306

      HOTEL
      2959 Loop 306, San Angelo, TX 76904-6504
      View Details
    • Value Estimation by Request
      11,400 SF

      2850 Swsw Blvd

      HOTEL
      2850 Swsw Blvd, San Angelo, TX 76904
      View Details
    • Value Estimation
      $1,210,000
      47,712 SF

      1459 Knickerbocker Rd

      HOTEL
      1459 Knickerbocker Rd, San Angelo, TX 76904-5515
      View Details
    • Value Estimation
      $505,000
      15,036 SF

      3017 Loop 306

      MOTEL
      3017 Loop 306, San Angelo, TX 76904-6435
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,500 SF

      Retail Space on Sunset Drive

      Retail space available for sale on Sunset Drive.
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    • $72,650
      0.55 Acres

      Residential Land Near Country Club

      Spacious lots near San Angelo Country Club.
      1776 Bunker Dr, San Angelo, TX 76904
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    • $133,000
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      Residential Land Near Bentwood Club

      Two combined lots ideal for builders or custom home.
      5831 Pecan Valley Ln, San Angelo, TX 76904
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    • $72,200
      0.54 Acres

      Residential Land Near Country Club

      Spacious 0.544 acre lot near San Angelo Country Club.
      1821 Fringe Cir, San Angelo, TX 76904
      View Details
    • $72,050
      0.62 Acres

      Residential Land Near Country Club

      Spacious land near San Angelo Country Club.
      6764 Medalist Dr, San Angelo, TX 76904
      View Details

    Similar Nearby for Lease

    • 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 76904
      View Details
    • Contact for pricing
      465 SF

      Executive Office Suite Available

      Multi-tenant office building with individual suites for rent.
      3157 Executive Dr, San Angelo, TX 76904
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Available For Lease

      3,000 square feet retail space for lease.
      4241 Southwest Blvd, San Angelo, TX 76904
      View Details
    • Contact for pricing

      Executive Drive Office Suite

      Multi-tenant office suite with shared amenities, ready for occupancy.
      3157 Executive Dr, San Angelo, TX 76904
      View Details
    • Contact for pricing

      Fenced Yard Land For Lease

      Fenced land available for short or long term lease.
      4003 S Chadbourne St, San Angelo, TX 76904
      View Details
    • $1,500 /Mo
      1,100 SF

      Retail or Office Corner Suite

      Newly updated corner suite with an open layout, large front windows, and a refreshed restroom for retail or office use.
      2312 Avenue W, San Angelo, TX 76904
      View Details
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    2307 Loop 306
    San Angelo, TX 76904-7625
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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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