Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2611 Johnson Ave San Angelo, TX 76904-5469

    • Retail space
    • 8,670 SF
    • 0.67 lot acres
    OFF-MARKET
    Last Sale
    Dec 22, 2023
    Value Estimations
    $470,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7427619
    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

    • Retail space

    Property Details for 2611 Johnson Ave

    Year built
    2020
    Lot size
    0.67 lot acres
    Property size
    8,670 SF
    Property type
    Retail space
    APN
    05-18500-0004-011-50
    APU
    518500000401150

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $470,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $580,000
      Current use
      WAREHOUSE, STORAGE
      $615,000
      Change: +6% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $610,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Angelo
    County
    Tom Green
    State
    Texas
    Longitude
    -100.463
    Latitude
    31.4332
    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
    $21,884
    $136,840
    $963,160
    $1,100,000
    -
    $136,840
    $963,160
    $1,100,000

    Comparable in this City

    • Value Estimation
      $420,000
      13,480 SF

      1819 Knickerbocker Rd

      RETAIL STORES (PERSONAL SERVICES) • 13,480 SF
      1819 Knickerbocker Rd, San Angelo, TX 76904-5522
      View Details
    • Value Estimation
      $905,000
      56,484 SF

      2905 Swsw Blvd

      RETAIL STORES (PERSONAL SERVICES) • 56,484 SF
      2905 Swsw Blvd, San Angelo, TX 76904-5778
      View Details
    • Value Estimation by Request
      35,000 SF

      2639 Sunset Dr

      RETAIL STORES (PERSONAL SERVICES) • 35,000 SF
      2639 Sunset Dr, San Angelo, TX 76904-7608
      View Details
    • Value Estimation
      $385,000
      8,368 SF

      2606 Southland Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,368 SF
      2606 Southland Blvd, San Angelo, TX 76904-7559
      View Details
    • Value Estimation
      $640,000
      36,828 SF

      1901 Knickerbocker Rd

      RETAIL STORES (PERSONAL SERVICES) • 36,828 SF
      1901 Knickerbocker Rd, San Angelo, TX 76904-5523
      View Details
    • Value Estimation
      $325,000
      4,701 SF

      3029 Knickerbocker Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,701 SF
      3029 Knickerbocker Rd, San Angelo, TX 76904-6806
      View Details

    Similar Nearby for Sale

    • $1,200,000
      10,788 SF

      Corner Warehouse in San Angelo

      Fully leased corner warehouse generating income in San Angelo, Texas.
      4020 Sul Ross St, San Angelo, TX 76904
      View Details
    • $500,000
      1,215 SF

      Retail or Restaurant Opportunity

      Unique location suitable for retail or restaurant businesses.
      1806 College Hills Blvd, San Angelo, TX 76904
      View Details
    • $1,946,358
      4,500 SF

      Retail Space Near Sunset Mall

      Retail property near major retailers and Sunset Mall.
      4150 Sunset Dr, San Angelo, TX 76904
      View Details
    • Contact for pricing
      1.86 Acres

      Sunset Station: 1.86 Acres

      Prime San Angelo Retail Land
      4230 Sunset Dr, San Angelo, TX 76904
      View Details
    • $285,000
      1,857 SF

      Versatile Mixed-Use Property, San Angelo

      Updated home with commercial potential and flexible zoning.
      2729 Rio Grande St, San Angelo, TX 76904
      View Details
    • $229,000
      0.44 Acres

      Downtown San Angelo Corner Lot

      Prime downtown location with unlimited possibilities for development.
      203 W Beauregard Ave, San Angelo, TX 76904
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      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
    • $1,500 /Mo
      1,100 SF

      Updated Corner Commercial Suite

      Newly updated commercial suite at a highly visible corner location.
      2312 Avenue W, San Angelo, TX 76904
      View Details
    • $1,000 /Mo
      1,000 SF

      Retail Space in San Angelo

      Retail property available for lease in San Angelo, Texas.
      3100 Executive Dr, San Angelo, TX 76904
      View Details
    • $6 SF/Yr
      11,126 SF

      Retail Space with Glass Frontage

      Retail space featuring approximately 71' of glass frontage.
      4112 Sunset Dr, San Angelo, TX 76904
      View Details
    • $1,960,200
      1,961 SF

      Retail Space with Large Parking

      Retail space for rent with ample parking and storage.
      3301 Southwest Blvd, San Angelo, TX 76904
      View Details
    • $1,000 /Mo
      1,000 SF

      Retail Space in San Angelo

      Retail property available for lease in San Angelo, Texas.
      3100 Executive Dr, San Angelo, TX 76904
      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.
    2611 Johnson Ave
    San Angelo, TX 76904-5469
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.