Three-Level Office
For Sale
$2,650,000
330 Wonder World Drive, San Marcos, TX 78666
CommercialSale, San Marcos, TX
Property Size7,783 SF
Lot Size0.75 Acres
Price / SF$340.49
Days on Market494
Property Features for 330 Wonder World Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC
Parking features
Special Needs, Driveway
Interior features
Attic
Accessibility
Accessible Approach with Ramp
Subdivision
Stagecoach Bus Park
Lot features
City Lot, Sprinkler Rain Sensor, Half To One Acre Lot, Sprinklers In Ground, Sprinklers Multiple Locations
Elementary school district
San Marcos Cisd
Middle school district
San Marcos Cisd
High school district
San Marcos Cisd
Directions
exit Wonder World Drive off of I35. Head towards Wimberley on Wonder World. Property will be on your left.
Standard status
Active
APN
R154961
Size
7,783 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
STAGECOACH BUSINESS PARK, LOT 7B, ACRES 0.748
Tax Annual Amount
35428
Legal Description
STAGECOACH BUSINESS PARK, LOT 7B, ACRES 0.748
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
multiple balconies
conference/open area space
kitchen/break areas
common area
landscaping
building and road signage space
Building Details
Year built
2020
Floors in Building
3
Flooring type
Concrete
Building materials
FoamInsulation, Masonry
Roof type
Metal
Listing Agency:
Jenny Frisbie, BROKER
Listed By:
Jenny Frisbie · License #0471567
(512) 757-3723
Added: May 13, 2025
Changed: Sep 15
Last Checked: Sep 18 at 10:06AM
MLS# 579821
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 2020, this 7,783-square-foot office property is arranged across three levels connected by an elevator and stairs. The first two floors combine private offices with conference and open work areas, kitchen and break spaces, and separate men’s and women’s restrooms. The top floor adds a shared area and two larger offices, each with its own bathroom. Multiple balconies extend the building’s usable amenity package, while masonry construction, foam insulation, concrete flooring, and a metal roof are also featured.
The 0.748-acre site provides 33 parking spaces, including special-needs parking, along with landscaped grounds served by a sprinkler system. Building and road signage areas are available. Public water and public sewer serve the property, which is zoned GC and positioned approximately 1/2 mile from IH 35 at 330 Wonder World Drive in San Marcos.
The 0.748-acre site provides 33 parking spaces, including special-needs parking, along with landscaped grounds served by a sprinkler system. Building and road signage areas are available. Public water and public sewer serve the property, which is zoned GC and positioned approximately 1/2 mile from IH 35 at 330 Wonder World Drive in San Marcos.
Key Highlights
- 7,783 square feet of office space across three levels
- Built in 2020 with elevator and stair access to each floor
- 33 parking spaces, including special‑needs parking
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
$185,590
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
7.00%
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%
$3,711,800
$3.7M
Cap Rate 7%
$2,651,286
$2.7M
Cap Rate 9%
$2,062,111
$2.1M
Market Conditions
NOI Build-Up for 7,783 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
$326.9K $42.00/SF
− Vacancy
−$79.4K −$10.21/SF
EGI
$247.5K $31.79/SF
− OpEx
−$61.9K −$7.95/SF
NOI
$185.6K $23.85/SF
Area
Hays County, TX
Vacancy
24.30%
Lease Rate
$42.00 /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%
$3,711,800
Cap Rate 7%
$2,651,286
Cap Rate 9%
$2,062,111
Alternative Uses
Best Use
Office B
$2.65M
$2.32M – $3.09M
NOI $185,590 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.85M – $3.80M
NOI $227,744 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
Explore this area
Business Placement
Demographics for 78666, TX
86,584
Population
36,354
Households
2.4
Avg Household Size
27
Median Age
35%
College-Educated
89%
High-School Grad
192.4 sq mi
ZIP Area
450
Density / Sq Mi
$55,478
Median Household Income
$25,890
Median Earnings
$1,294
Median Rent
$271,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Modern professional property with elevator service, balconies, landscaped grounds, and dedicated signage opportunities.
Where is this office building located?
The property is located at 330 Wonder World Drive San Marcos, TX.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 7,783 square feet of office space across three levels; Built in 2020 with elevator and stair access to each floor; 33 parking spaces, including special‑needs parking
