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

    6656 Spindle Top Rd San Angelo, TX 76901-1491

    • Office buildings
    • 1,875 SF
    • 3.33 lot acres
    OFF-MARKET
    Last Sale
    Feb 21, 2023
    Value Estimations
    $370,000
    Show details
    Cap Rate Potential
    8.3%
    Office buildings
    Location Intelligence
    Property ID
    US83-3586312
    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

    • Office buildings

    Property Details for 6656 Spindle Top Rd

    Year built
    2014
    Lot size
    3.33 lot acres
    Property size
    1,875 SF
    Property type
    Office buildings
    APN
    35-02740-0000-002-00
    APU
    3502740000000200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $450,000
      6.5%
      $415,000
      7%
      $385,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Angelo
    County
    Tom Green
    State
    Texas
    Longitude
    -100.459
    Latitude
    31.5274
    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
    $9,689
    $217,520
    $584,770
    $802,290
    -
    $217,520
    $584,770
    $802,290

    Comparable in this City

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      8174 Us Hwy 87th N

      OFFICE BUILDING • 1,440 SF
      8174 Us Hwy 87th N, San Angelo, TX 76901-7402
      View Details
    • Value Estimation
      $215,000
      600 SF

      2901 Fm 2105

      OFFICE BUILDING • 600 SF
      2901 Fm 2105, San Angelo, TX 76901
      View Details
    • Value Estimation
      $260,000
      1,169 SF

      2102 Pecos St Ste, Unit 12

      OFFICE BUILDING • 1,169 SF
      2102 Pecos St Ste, San Angelo, TX 76901-3061
      View Details
    • Value Estimation
      $265,000
      599 SF

      2102 Pecos St Ste 8a

      OFFICE BUILDING • 599 SF
      2102 Pecos St Ste 8a, San Angelo, TX 76901-3061
      View Details
    • Value Estimation
      $560,000
      9,082 SF

      2909 Sherwood Way

      OFFICE BUILDING • 9,082 SF
      2909 Sherwood Way, San Angelo, TX 76901-3515
      View Details
    • Value Estimation
      $265,000
      360 SF

      6050 Side Vw Rd

      OFFICE BUILDING • 360 SF
      6050 Side Vw Rd, San Angelo, TX 76901-5438
      View Details

    Similar Nearby for Sale

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    • $1,500,000
      23,484 SF

      Office/Warehouse Space in San Angelo

      23,484 SF office/warehouse near Santa Rita neighborhood.
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    • $375,000
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      Move-in Ready Commercial Office Space

      4,250 SF commercial office space for sale in San Angelo.
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    • $299,000
      2,400 SF

      High-Traffic Area Investment Opportunity

      Well-maintained 2400 sq ft property in high-traffic area.
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    • $1,500,000
      23,484 SF

      San Angelo Mixed-Use Property

      Versatile Office/Warehouse Space, Ample Parking
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    • Contact for pricing
      1.57 Acres

      6114 Sherwood Way

      Land • 1.57 Acres
      6114 Sherwood Way, San Angelo, TX 76901
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,750 SF

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      Prime San Angelo Office, Multiple Suites Available
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    • Contact for pricing
      12,250 SF

      Sherwood Plaza B Office Space

      San Angelo Office Space: 1,201 sq ft Available
      2901 Sherwood Way, San Angelo, TX 76901
      View Details
    • $2,875 /Mo
      2,200 SF

      Renovated Office Space with Apartment

      2,200 SF renovated office with optional efficiency apartment.
      115 S Adams St, San Angelo, TX 76901
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      5,000 SF

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      Large, flexible office space in a high-traffic area.
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      View Details
    • $10 SF/Yr
      55,174 SF

      Sherwood Commons Office Suites

      San Angelo, TX Office Space Available
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      View Details
    • $1,500 /Mo
      1,200 SF

      San Angelo Office Space Available

      Well-maintained 1200 SF office space in high-traffic area.
      2021 W Beauregard Ave, San Angelo, TX 76901
      View Details
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    6656 Spindle Top Rd
    San Angelo, TX 76901-1491
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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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