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

    7 Chadbourne St San Angelo, TX 76903-5803

    • Warehouses
    • 13,984 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $475,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7033822
    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

    • Warehouses

    Property Details for 7 Chadbourne St

    Year built
    1969
    Lot size
    0.17 lot acres
    Property size
    13,984 SF
    Property type
    Warehouses
    APN
    23-41700-0180-003-00
    APU
    2341700018000300

    Description

    This exceptional mixed-use property, located in the heart of San Angelo, Texas, presents a compelling investment opportunity. Encompassing 32,846 square feet across five buildings, this multi-tenant complex boasts a rich history, having been constructed in phases beginning in the early 1900s and continuing into the 1950s. The property features a blend of architectural styles and original details, including stunning original wood floors and tin roofing throughout. The layout includes 15,175 square feet on the first floor, 7,050 square feet on the second floor, and 10,575 square feet of basement space. The southern building is uniquely divided into three separate areas, each offering 2,350 square feet on the main floor, an additional 2,350 square feet of loft space upstairs, and a full basement, totaling 4,700 square feet per unit. The northern portion comprises 8,125 square feet on the main floor and 5,189 square feet of basement space. Significant renovations and improvements have been undertaken throughout the property and in the surrounding area. The property's CBD zoning allows for a variety of redevelopment options, making it ideal for a mix of retail spaces on the ground floor with residential condos above. The roofing material is a combination of tar/gravel and modified roll roofing. This property is currently 100% occupied, offering immediate cash flow, and sits on a 0.36-acre lot. The asking price is $610,000, translating to $18.57 per square foot. This is a rare chance to acquire a substantial, historically significant property with significant upside potential in a thriving Texas city.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $385,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $560,000
      Market price range: $561k - $1.57M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Angelo
    County
    Tom Green
    State
    Texas
    Longitude
    -100.438
    Latitude
    31.4641
    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
    $3,811
    $72,310
    $119,260
    $191,570
    -
    $72,310
    $119,260
    $191,570

    Comparable in this City

    • Value Estimation
      $320,000
      8,300 SF

      325 Washington Dr

      WAREHOUSE, STORAGE • 8,300 SF
      325 Washington Dr, San Angelo, TX 76903-6845
      View Details
    • Value Estimation
      $240,000
      5,100 SF

      306 Chadbourne St

      WAREHOUSE, STORAGE • 5,100 SF
      306 Chadbourne St, San Angelo, TX 76903
      View Details
    • Value Estimation
      $270,000
      990 SF

      2714 Chadbourne St

      WAREHOUSE, STORAGE • 990 SF
      2714 Chadbourne St, San Angelo, TX 76903-2507
      View Details
    • Value Estimation
      $230,000
      2,028 SF

      2718 Chadbourne St

      WAREHOUSE, STORAGE • 2,028 SF
      2718 Chadbourne St, San Angelo, TX 76903
      View Details
    • Value Estimation
      $245,000
      2,220 SF

      3213 Chadbourne St

      WAREHOUSE, STORAGE • 2,220 SF
      3213 Chadbourne St, San Angelo, TX 76903-2349
      View Details
    • Value Estimation by Request
      2,304 SF

      423 Oakes St

      WAREHOUSE, STORAGE • 2,304 SF
      423 Oakes St, San Angelo, TX 76903-5943
      View Details

    Similar Nearby for Sale

    • $549,000
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      Remodeled Office with Fenced Storage

      Turnkey office space with warehouse and secure outdoor storage.
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    • $525,000
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      West Texas Warehouse: Prime Location

      8,620 SF Warehouse - San Angelo, TX
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    • $525,000
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      Industrial property with five warehouses, leased to reliable tenants.
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    • $529,000
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      San Angelo Commercial Property For Sale

      Commercial property featuring office space and two warehouses in San Angelo.
      2122 N Chadbourne St, San Angelo, TX 76903
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    • $750,000
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      San Angelo Warehouse - $750K

      Versatile Warehouse, 10,608 SF, 2.1 Acres
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    • $5,950,000

      San Angelo Warehouse Investment Opportunity

      Single-tenant warehouse on 13 acres with long-term NNN lease.
      234 Avenue L W, San Angelo, TX 76903
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    Similar Nearby for Lease

    • $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
    • $5,000 /Mo
      1,400 SF

      San Angelo Commercial Yard For Lease

      Fenced yard with office and multi-purpose buildings for lease.
      2901 W Fm 2105, San Angelo, TX 76903
      View Details
    • $4,500 /Mo
      4,727 SF

      San Angelo Commercial Property For Lease

      Commercial property featuring office and warehouse spaces available for lease.
      2122 N Chadbourne St, San Angelo, TX 76903
      View Details
    • $4,500 /Mo
      6,378 SF

      San Angelo Commercial Space Available

      Large commercial building with multiple bay doors for rent.
      2421 Chadbourne St, San Angelo, TX 76903
      View Details
    • $1,200 /Mo
      1,000 SF

      San Angelo Workshop for Lease

      Secure workshop ideal for contractors with shelving and alley access.
      28 E Harris Ave, 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
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    7 Chadbourne St
    San Angelo, TX 76903-5803
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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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