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    Property profile & analytics

    3415 Johnson Ave San Angelo, TX 76904-5554

    • Medical offices
    • 1,744 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    7.3%
    Medical offices
    Location Intelligence
    Property ID
    US82-7275290
    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

    • Fyzical Therapy & Balance Center-San Angelo / Physical Therapy Clinic
    • Sterling Eckert / Physical Therapist / Practitioner Service Location
    • R W Gregonis Architects / Architect
    • Timothy Bickford / Physical Therapist / Personal Trainer
    • Debra Hamilton / Audiologist

    Property Details for 3415 Johnson Ave

    Year built
    1959
    Lot size
    0.09 lot acres
    Property size
    1,744 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    38-01641-0007-100-00
    APU
    3801641000710000

    Description

    This exceptional mixed-use property, located at 3415 Johnson Ave in San Angelo, Texas, presents a unique investment opportunity. The 3,488 square foot building, constructed in 1959 and extensively renovated in 2015, boasts a desirable traditional office layout spread across two stories. The asking price is $975,000, translating to $279.53 per square foot. Situated on a 0.434-acre lot, this property benefits from a prime location near the corner of Johnson Street and Knickerbocker Road, offering excellent visibility and accessibility. The permitted zoning is General Commercial, providing flexibility for a variety of uses. The building's recent renovations ensure it's in excellent condition and ready for immediate occupancy. The property's versatility makes it suitable for a range of businesses, including medical offices, banks, or spas. A significant advantage is the inclusion of an additional lot within the purchase price, offering potential for expansion or future development. This turnkey property in Tom Green County, Texas, zip code 76904, represents a compelling investment opportunity in a thriving market. The property is for sale by owner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $335,000
      6.5%
      $310,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $203,000
      Market price range: $117k - $210k

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

    Location Insight

    • Map
    • Local Demand
    City
    San Angelo
    County
    Tom Green
    State
    Texas
    Longitude
    -100.464
    Latitude
    31.4266
    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
    $6,697
    $22,460
    $314,170
    $336,630
    -
    $22,460
    $314,170
    $336,630

    Comparable in this City

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      4335 College Hls Blvd

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    • Value Estimation
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    Similar Nearby for Sale

    • Contact for pricing
      286,610 SF

      San Angelo Commercial Building For Sale

      286,610 SF building in San Angelo, TX, renovated in 2024.
      2701 Johnson Ave, San Angelo, TX 76904
      View Details
    • $830,000
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      San Angelo Office Building For Sale

      Large office building with multiple entrances and covered parking.
      1702 Avenue W, San Angelo, TX 76904
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    • $95,000
      0.36 Acres

      Residential Lot in Bentwood

      Residential lot available in Bentwood Country Club.
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    • $70,850
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      Residential Land Near Country Club

      Spacious 0.513 acre lot near San Angelo Country Club.
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      Residential Land Near Country Club

      Spacious lots near San Angelo Country Club.
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      Residential Land Near Country Club

      Spacious residential land near San Angelo Country Club.
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    Similar Nearby for Lease

    • New
      $5,000 /Mo
      2,800 SF

      Move-in Ready Medical Office Space

      Immaculate medical office near Shannon Hospital South, ready for occupancy.
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    • Contact for pricing
      65,340 SF

      San Angelo Commercial Space Available

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    • $595 /Mo
      465 SF

      Executive Office Suite Available

      Multi-tenant office building with individual suites for rent.
      3157 Executive Dr, 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.
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      View Details
    • $11,500 /Mo
      7,500 SF

      Versatile Commercial Building in San Angelo

      7,500 SF building with office and warehouse space available.
      4540 N Bentwood Dr, San Angelo, TX 76904
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    • $24 SF/Yr
      5,196 SF

      Renovated Office Suites Available

      High-end office suites with gym in iconic 6-story building.
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      View Details
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    3415 Johnson Ave
    San Angelo, TX 76904-5554
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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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