Masonry Storefront Retail
For Sale
$1,135,700
200 E Court Street, Seguin, TX 78155
CommercialSale, Seguin, TX
Property Size5,476 SF
Lot Size0.23 Acres
Price / SF$207.40
Days on Market1104
Property Features for 200 E Court Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
HCOMM
Parking features
Special Needs
Exterior features
Lighting
Subdivision
Inner
Lot features
Corner Lot, City Lot, Level, Less Than Quarter Acre
Elementary school district
Seguin ISD
Middle school district
Seguin ISD
High school district
Seguin ISD
Directions
From H 46 W turn left onto W Court St/US 90 Alt W. Destination will be on the left corner lot at the traffic light intersection.
Standard status
Active
APN
28051
Size
5,476 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
LOT: 7 8 BLK: 183 ADDN: INNER
Tax Annual Amount
1620
Legal Description
LOT: 7 8 BLK: 183 ADDN: INNER
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
covered awning
large display windows
sidewalk space
parking available
Building Details
Year built
1935
Floors in Building
1
Flooring type
Wood, Concrete
Building materials
Masonry, Stucco
Listing Agency:
D Lee Edwards Realty, Inc
(830) 620-7653
Listed By:
D. Lee Edwards · License #0435290
(830) 708-2319
Added: Aug 23, 2023
Changed: Aug 20
Last Checked: Aug 30 at 5:06PM
MLS# 518892
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.
Investment Insights
Based on property information with market context.
Built in 1935, this 5,476-square-foot masonry and stucco storefront property contains three tenant spaces, including two occupied spaces. The building features large display windows, a covered awning, wood and concrete flooring, central electric heating, and central air conditioning. Public water and public sewer serve the property, while exterior lighting supports the storefront presentation.
The 0.2295-acre property is positioned at a signalized intersection in Historic Downtown Seguin, adjacent to the Guadalupe County Court House. Sidewalk space and patron parking are available. Zoning is HCOMM, and the property includes three retail-oriented spaces with office capability.
The 0.2295-acre property is positioned at a signalized intersection in Historic Downtown Seguin, adjacent to the Guadalupe County Court House. Sidewalk space and patron parking are available. Zoning is HCOMM, and the property includes three retail-oriented spaces with office capability.
Key Highlights
- 5,476‑square‑foot storefront property on 0.2295 acres
- Three tenant spaces; two are occupied
- Masonry and stucco construction completed in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,632
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,492,640
$1.5M
Cap Rate 7%
$1,066,171
$1.1M
Cap Rate 9%
$829,244
$829.2K
Market Conditions
NOI Build-Up for 5,476 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$120.9K $22.08/SF
− Vacancy
−$21.4K −$3.91/SF
EGI
$99.5K $18.17/SF
− OpEx
−$24.9K −$4.54/SF
NOI
$74.6K $13.63/SF
Area
Guadalupe County, TX
Vacancy
17.70%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,492,640
Cap Rate 7%
$1,066,171
Cap Rate 9%
$829,244
Alternative Uses
Best Use
Office B
$1.07M
$932.9K – $1.24M
NOI $74,632 @ 7.0% cap · market cap 6.57%
Second Best
Retail
$1.05M
$916.3K – $1.22M
NOI $73,303 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,539 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78155, TX
51,772
Population
21,791
Households
2.4
Avg Household Size
40
Median Age
22%
College-Educated
85%
High-School Grad
355.5 sq mi
ZIP Area
146
Density / Sq Mi
$71,367
Median Household Income
$38,985
Median Earnings
$1,149
Median Rent
$246,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Three tenant spaces provide a flexible retail and office configuration, with two spaces currently occupied.
Where is this storefront property located?
The property is located at 200 E Court Street Seguin, TX.
What is the asking price?
The asking price for this property is $1,135,700.
What are key features of this property?
This property features: 5,476‑square‑foot storefront property on 0.2295 acres; Three tenant spaces; two are occupied; Masonry and stucco construction completed in 1935
