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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    441 Rio Concho Dr San Angelo, TX 76903-5527

    • Hotels
    • 73,884 SF
    • 5.37 lot acres
    OFF-MARKET
    Value Estimations
    $1,235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5506208
    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

    • Suburban Studios / Hotel & Motel / Vacation Rental
    • Clarion Hotel San Angelo near Convention Center / Hotel & Motel
    • Quintyvia Anderson / Hotel & Motel
    • BLACK SHEEP BAR & GRILL / Bar & Pub / Restaurant

    Property Details for 441 Rio Concho Dr

    Year built
    1984
    Lot size
    5.37 lot acres
    Property size
    73,884 SF
    Property type
    Hotels
    APN
    13-23500-0000-023-00
    APU
    1323500000002300

    Description

    This fee-simple, dual-branded Clarion and Suburban Studios hotel presents a compelling value-add investment opportunity in San Angelo, Texas. Boasting 148 keys (94 Clarion rooms and 54 Suburban Studios), this six-story property sits on 5.37 acres and enjoys a prime location directly connected to the San Angelo Convention Center via a private pathway. Built in 1985 and extensively renovated between 2022 and 2023 with over $3 million in upgrades (including a new roof, boilers, sprinkler system, and more), the hotel offers significant upside potential. The property features an indoor pool, meeting spaces, and a leased on-site restaurant. Currently operating at 68% occupancy as of August 31, 2024, this hotel benefits from proximity to Goodfellow Air Force Base, ensuring consistent demand. The 136,587 square foot property is managed by absentee owners, presenting an opportunity for an owner-operator to enhance management and profitability. This is a rare chance to acquire a well-positioned, recently renovated hotel in a growing Texas market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,200,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,269,000
      Market price range: $1.10M - $2.52M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,935,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Angelo
    County
    Tom Green
    State
    Texas
    Longitude
    -100.426
    Latitude
    31.4614
    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
    $77,975
    $198,720
    $3,720,800
    $3,919,520
    -
    $198,720
    $3,720,800
    $3,919,520

    Comparable in this City

    • Value Estimation
      $1,170,000
      50,880 SF

      333 Rio Concho Dr

      HOTEL • 50,880 SF
      333 Rio Concho Dr, San Angelo, TX 76903-5525
      View Details
    • Value Estimation
      $935,000
      53,712 SF

      4613 Jackson St

      HOTEL • 53,712 SF
      4613 Jackson St, San Angelo, TX 76903-9331
      View Details
    • Value Estimation
      $655,000
      41,816 SF

      410 Ave L L

      HOTEL • 41,816 SF
      410 Ave L L, San Angelo, TX 76903-7339
      View Details
    • Value Estimation by Request
      5,600 SF

      204 Oakes St

      HOTEL • 5,600 SF
      204 Oakes St, San Angelo, TX 76903-6410
      View Details
    • Value Estimation
      $730,000
      42,960 SF

      2021 Bryant Blvd

      HOTEL • 42,960 SF
      2021 Bryant Blvd, San Angelo, TX 76903-3745
      View Details
    • Value Estimation by Request
      11,834 SF

      2201 Bryant Blvd

      HOTEL • 11,834 SF
      2201 Bryant Blvd, San Angelo, TX 76903-3749
      View Details

    Similar Nearby for Sale

    • $97,900
      2.00 Acres

      San Angelo Land For Sale

      Two acres of land in San Angelo, Texas.
      4312 Armstrong St, San Angelo, TX 76903
      View Details
    • Contact for pricing
      0.17 Acres

      San Angelo Land For Sale

      Two interior lots near hospital, downtown, and Concho River.
      210 S Baze St, San Angelo, TX 76903
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    • $1,383,333
      570 SF

      New Construction NNN Ground Lease

      New construction NNN ground lease in San Angelo, Texas.
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      View Details
    • Contact for pricing
      2,583 SF

      San Angelo Corner Retail Opportunity

      Corner retail property in San Angelo with US 67 frontage.
      712 N Chadbourne St, San Angelo, TX 76903
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    • $699,900
      32.32 Acres

      San Angelo Commercial Land Available

      32.324 acres of commercial land for sale in San Angelo.
      4436 N Bryant Blvd, San Angelo, TX 76903
      View Details
    • Contact for pricing
      0.22 Acres

      Corner Lot in San Angelo

      Corner lot available for development in San Angelo, Texas.
      102 E 16Th St, San Angelo, TX 76903
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      2,925 SF

      Retail Space in San Angelo

      Retail space with high visibility and accessibility in San Angelo.
      2918-2922 S Bryant Blvd, San Angelo, TX 76903
      View Details
    • $1,250 /Mo
      1,250 SF

      Downtown San Angelo Office Space

      Well-maintained office building with three offices and a breakroom.
      211 Irving St, San Angelo, TX 76903
      View Details
    • Contact for pricing
      14,550 SF

      Retail Property in San Angelo

      Retail property available for lease in San Angelo, Texas.
      2828 N Bryant Blvd, San Angelo, TX 76903
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in San Angelo

      Retail space available in a high-traffic San Angelo location.
      614 W 29Th St, San Angelo, TX 76903
      View Details
    • $6,800 /Mo
      11,769 SF

      Warehouse with Fenced Yard

      Warehouse with office space and fenced yard for lease.
      4105 S Chadbourne St, San Angelo, TX 76903
      View Details
    • $3,000 /Mo

      Fenced Yard Land For Lease

      Fenced land available for short or long term lease.
      4003 S Chadbourne St, San Angelo, TX 76903
      View Details
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    441 Rio Concho Dr
    San Angelo, TX 76903-5527
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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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