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Property profile & analytics
OFF-MARKET
Warehouses
2715 Chadbourne St, San Angelo, TX 76903-2506
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-7176735
Property summary
AI-generated overview
This vacant, 3,214 square foot Class C warehouse, located at 2715 N Chadbourne St, San Angelo, TX 76903, presents a compelling value-add investment opportunity. Priced at $225,000 ($70.01/sq ft), this property boasts a pro-forma cap rate of 14.26% and a pro-forma NOI of $32,088. Built in 1931, the property features two single-story buildings situated on an 11,238 square foot lot with Real Commercial zoning. Recent upgrades include electrical system improvements. The property offers convenient alley access, multiple driveways for efficient traffic flow, and a versatile front section ideal for office space. The absence of dock-high doors should be noted. This property is currently vacant, providing immediate occupancy for a new owner. Its prime location in San Angelo, Tom Green County, ensures excellent visibility and accessibility. The property's APN is 38-00112-0049-000-00. This is an exceptional opportunity for investors seeking a strong return on investment in a desirable location.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1931
Total area
2,400 SF
Lot
0.26 ac (11,238 SF)
APN
38-00112-0049-000-00
UPID
US82-7176735
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dwain R Morrison · 3 yrs held
Dwain R Morrison
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Angelo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Angelo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,698
Tax year 2024
Assessed value
$85,360
Assessed 2024
Previous assessed
$80,000
+6.7% YoY
Effective rate
1.99%
On assessed value
Assessed land
$61,360
Assessed improvement
$24,000
Land market value
$61,360
Improvement market value
$24,000
Total market value
$85,360
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
2
Total area
2,400 SF
Lot
0.26 ac (11,238 SF)
APN
38-00112-0049-000-00
UPID
US82-7176735
Jurisdiction
TOM GREEN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Buildings
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Dwain R Morrison
Individual
Free & Clear · 3 yrs held
Mailing address
415 CAULEY LN, SAN ANGELO, TX 76903-1311
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2023
—
Dwain R Morrison
Dorothy Louise Morrison
Intrafamily Transfer
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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