5441 Fm 1102 New Braunfels, TX 78132
- Commercial real estate
- 2,016 SF
- 0.65 lot acres
Current Use by Public Records
- Hunter Road Stagecoach Stop / Log Cabins / Hotel
- Gruene Cabin at Hunter Road Stagecoach Stop / Homestay
- Hill Country Tap / Bar
- The Artisan Haus / Home Goods Store
Property Details for 5441 Fm 1102
- Year built
- 1865
- Lot size
- 0.65 lot acres
- Property size
- 2,016 SF
- Property type
- Commercial real estate
- APN
- 15-0231-0001-00
- APU
- 150231000100
Description
This exceptional mixed-use property in New Braunfels, Texas, presents a compelling investment opportunity. Located at 5441, 5481 FM 1102, this 1.35-acre site boasts 5 buildings totaling 5,167 square feet, currently operating at 100% occupancy. The property features a blend of residential and commercial spaces, including two short-term rentals, two long-term rentals, and two commercial leases, generating a current net operating income (NOI) of $131,000, with a pro-forma NOI of $143,000. The asking price is $2,200,000, representing a current cap rate of 5.95% and a pro-forma cap rate of 6.50%. The property benefits from unrestricted zoning, allowing for diverse development possibilities. Situated on a high-traffic road with excellent visibility, the property is near new single-family residential and multi-family developments, and minutes from the vibrant Gruene district. A new septic system was installed in 2023. The average household income in the area is $134,151. Seller financing is available, making this a truly attractive investment prospect. The property's historic charm, combined with its strategic location and strong financial performance, makes it an ideal addition to any portfolio. The buildings date back to the 1800s.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Braunfels
- County
- Comal
- State
- Texas
- Longitude
- -98.0634
- Latitude
- 29.7779
- CBSA code
- 41700
- CBSA name
- SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA
