4151 Sunset Dr San Angelo, TX 76904
- Warehouses
- 3,838 SF
- 1.48 lot acres
Current Use by Public Records
- pOpshelf / Variety Store / Craft Store
Property Details for 4151 Sunset Dr
- Year built
- 1994
- Lot size
- 1.48 lot acres
- Property size
- 3,838 SF
- Property type
- Warehouses
- APN
- 07-18600-0123-001-00
- APU
- 718600012300100
Description
This exceptional investment opportunity presents a fully leased, 15,258 square foot retail shopping center in San Angelo, Texas. The property boasts a strong 100% occupancy rate, anchored by Popshelf and America's Best Contacts & Eyeglasses, generating a substantial net operating income (NOI) of $277,476 and a 7.00% cap rate. Priced at $3,964,000 ($259.80/sq ft), this multi-tenant property benefits from scheduled rent escalations, ensuring consistent income growth. Strategically located as an outparcel to a Target-anchored shopping center within a high-traffic retail corridor attracting over 1.1 million shoppers monthly, the property enjoys excellent visibility and accessibility adjacent to the Loop 306 arterial. The surrounding area features robust demographics, with an average household income of $86,914 within a one-mile radius and a daytime population of 83,011 within a five-mile radius. The property's prime location is further enhanced by its proximity to other major retailers, including Ross, Homegoods, Walmart Supercenter, Academy Sports, and Sam's Club, as well as nearby shopping centers like Sherwood Oaks and Sunset Shopping Center. Its proximity to Angelo State University (3 miles away) with over 10,000 students adds to its appeal. This asset offers a diversified income stream and significant potential for appreciation, making it an attractive investment opportunity. The property address is 4151 Sunset Dr, San Angelo, TX 76904.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $400,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $400,000
- 6.5%
- $370,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $443,000
Market price range: $157k - $444k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $270,000 Current use
- OFFICE BUILDING
- $585,000 Change: +114% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $480,000 Change: +76% Conversion: Easy
- COMMERCIAL (GENERAL)
- $435,000 Change: +59% Conversion: Difficult
- MEDICAL BUILDING
- $360,000 Change: +33% Conversion: Difficult
- RETAIL STORES
- $255,000 Change: -6% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- San Angelo
- County
- Tom Green
- State
- Texas
- Longitude
- -100.501
- Latitude
- 31.4306
- CBSA code
- 41660
- CBSA name
- SAN ANGELO, TX METROPOLITAN STATISTICAL AREA
