Leased Office
For Sale
$649,900
223 Lucinda Drive, New Braunfels, TX 78130
CommercialSale, New Braunfels, TX
Property Size3,000 SF
Lot Size0.35 Acres
Price / SF$216.63
Days on Market230
Property Features for 223 Lucinda Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMM
Parking features
Driveway
Exterior features
Lighting
Accessibility
Accessible Approach with Ramp
Subdivision
Urban Heights
Lot features
City Lot, Quarter To Half Acre Lot
Elementary school district
Comal ISD
Middle school district
Comal ISD
High school district
Comal ISD
Directions
2 miles on Hwy 46 from IH-35 towards Seguin. Left on Deborah, Left on Lucinda
Standard status
Active
APN
44692
Size
3,000 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT: 4 BLK: 3 ADDN: URBAN HEIGHTS
Tax Annual Amount
7270
Legal Description
LOT: 4 BLK: 3 ADDN: URBAN HEIGHTS
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private offices
reception area
storage
dual HVAC systems
Building Details
Year built
2001
Floors in Building
2
Flooring type
Tile, Carpet
Building materials
Brick
Roof type
Shingle, Composition
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Charles Gallagher · License #0812509
(210) 259-7317
Added: Feb 19
Changed: Sep 18
Last Checked: Oct 7 at 2:06AM
MLS# 605043
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.
This 3,000-square-foot office building, constructed in 2001, is fully leased through May 31, 2027. The interior includes eight private offices, a reception area, dedicated storage, tile and carpet flooring, and dual HVAC systems. Brick construction, central heating and cooling, public water, and a septic tank serve the property. An accessible approach with ramp is also provided.
The 0.3511-acre property at 223 Lucinda Drive is near Hwy 46, with access to IH-35, IH-10, and the San Antonio-Austin corridor. On-site driveway parking accommodates approximately 11+ spaces. The COMM-zoned layout is configured for continued office use and offers future owner-user flexibility after the current lease term. Under the existing lease, the tenant reimburses the landlord for property taxes, insurance, CAM, and management expenses.
The 0.3511-acre property at 223 Lucinda Drive is near Hwy 46, with access to IH-35, IH-10, and the San Antonio-Austin corridor. On-site driveway parking accommodates approximately 11+ spaces. The COMM-zoned layout is configured for continued office use and offers future owner-user flexibility after the current lease term. Under the existing lease, the tenant reimburses the landlord for property taxes, insurance, CAM, and management expenses.
Key Highlights
- Fully leased 3,000‑square‑foot office property through May 31, 2027
- Eight private offices with reception area and dedicated storage
- 0.3511‑acre site with approximately 11+ on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,887
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,740
$817.7K
Cap Rate 7%
$584,100
$584.1K
Cap Rate 9%
$454,300
$454.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$66.2K $22.08/SF
− Vacancy
−$11.7K −$3.91/SF
EGI
$54.5K $18.17/SF
− OpEx
−$13.6K −$4.54/SF
NOI
$40.9K $13.63/SF
Area
Comal 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 Rate 5%
$817,740
Cap Rate 7%
$584,100
Cap Rate 9%
$454,300
Alternative Uses
Best Use
Office B
$584.1K
$511.1K – $681.5K
NOI $40,887 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$765.2K
$669.6K – $892.8K
NOI $53,567 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
Business Placement
Demographics for 78130, TX
88,349
Population
40,810
Households
2.2
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
91.0 sq mi
ZIP Area
971
Density / Sq Mi
$84,426
Median Household Income
$45,253
Median Earnings
$1,525
Median Rent
$296,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Eight private offices, reception, storage, dual HVAC, and on-site parking support an established commercial layout.
Where is this office building located?
The property is located at 223 Lucinda Drive New Braunfels, TX.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Fully leased 3,000‑square‑foot office property through May 31, 2027; Eight private offices with reception area and dedicated storage; 0.3511‑acre site with approximately 11+ on‑site parking spaces
