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    The Largest CRE Database in the US with Over 1 Million Listings

    1920 Corporate Dr, Unit 207B San Marcos, TX 78666

    Sponsored
    For Lease
    $4,376 /Mo ($27 SF/Yr)

    COMMERCIAL - San Marcos, TX

    Type:Office
    Property size:
    1,882 SF
    Lot size:
    1.32 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 25 at 5:06 pm

    Property Features for 1920 Corporate Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    GC
    APN
    R138555
    Size
    1,882 SF
    Lot size
    1.32 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2012
    Floors in Building
    1
    Flooring type
    Laminate
    Building materials
    Masonry, StoneVeneer

    We can help!

    Listing Contact
    Cari Patterson
    Cari Patterson

    VANCE J. ELLIOTT (512) 353-3002

    Listing agent Cari Patterson (512) 353-3002 License #0416464

    Listing date Feb 23, 2026

    MLS# 605139

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    San Marcos Professional Office Space

    This commercial space is located in a sought-after commercial corridor in San Marcos. Suite 207B offers approximately 1,889 square feet of well-appointed office space within an established professional complex. Currently configured for a medical office, it is ideally suited for medical, wellness, legal, financial, or other professional service users. The functional layout and polished, executive setting create an environment that supports both patient care and professional client services, while offering the flexibility to adapt to a variety of business needs. Strategically located near Interstate 35, the property provides excellent access along the I-35 corridor, making it convenient for clients and staff traveling from Austin, New Braunfels, and the greater San Antonio area. Ample on-site parking ensures ease of access, while the surrounding high-growth market between Austin and San Antonio positions your business in the path of continued economic and population expansion. The property is zoned GC and sits on a 1.32-acre lot. The property size is 1882 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    San Marcos Root ... Dental Office Dr. Pedram Khosravian Dental Office Texas Educational Consultative ... Training Center McNabb & Co. Real ... Real Estate Agency SMTX Property Management Property Management Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Animal Care Center of Hays County

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    Hays
    State
    Texas
    Longitude
    -97.9586807
    Latitude
    29.8644069

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    FAQs

    What type of property is this?
    Medical office - Well-appointed office space suitable for medical, legal, or financial services.
    Where is this medical office located?
    The property is located at 1920 Corporate Dr, Unit 207B San Marcos, TX.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in a sought-after commercial corridor in San Marcos.; - Excellent access to Interstate 35, convenient for clients and staff from Austin, New Braunfels, and San Antonio.; - Approximately 1,889 square feet of well-appointed office space, currently configured for a medical office.
    (512) 423-0698
    Request Owner's contact information
    1920 Corporate Dr, Unit 207B San Marcos, TX 78666
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    San Marcos, TX 78666
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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
    1920 Corporate Dr, Unit 207B San Marcos, TX 78666
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    We can help!
    Listing Contact
    Cari Patterson
    Cari Patterson
    Real Estate License ID: 0416464
    (512) 423-0698 (512) 353-3002
    Learn more
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