Versatile Mixed-Use Commercial
715 W Hopkins Street, San Marcos, TX 78666
COMMERCIAL - San Marcos, TX
Property size:
4,814 SFLot size:
0.94 AcresPrice / SF:
$363/SF- Added:
- Jan 22, 2025
- Days on Market:
- 493
- Last Refresh:
- May 30 at 5:06 pm
Property Features for 715 W Hopkins Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MU
- Standard status
- Active
- APN
- R27370
- Size
- 4,814 SF
- Lot size
- 0.94 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- FARM LOT 12-93 BLK PT OF 15 GEO#33333074
- Tax Annual Amount
- 17407
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Floors in Building
- 1
- Building materials
- Masonry
Listing agent Monica Katz License #0524646 (512) 787-7935
Listing office Monica & Company Real Estate 1920 Corporate Dr, Suite B201, San Marcos, TX (512) 667-9129
Listing date Jan 22, 2025
MLS# 567764
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.
HighLights
- Zoned Mixed Use: Allows for a wide range of business and residential applications.
- High‑Traffic Location: Situated on Hopkins Street, offering excellent visibility and growth potential.
- Two Buildings: Building 1 (3,362 sq ft) and Building 2 (1,452 sq ft) provide ample space.
- Cash Flowing Building 2: Currently leased, providing immediate income.
- Large Lot Size: Almost an acre, offering significant space for development.
- White‑Boxed Interior: Provides a blank canvas for customization.
Overview
This versatile commercial property, situated on almost an acre, is zoned for mixed-use, intended to provide a mixture of retail, office, and residential uses. Applicable uses include loft apartments, restaurants, grocery stores, medical facilities, offices, professional services, retail, assisted living facilities, bed and breakfasts, single-family townhouses, art studios, day spas, community stores, and more. The mid-century styled building features a white-boxed interior. The property's flexible layout and prominent location on Hopkins Street offer a high-traffic presence. The property includes two buildings: Building 1, which measures 3,362 square feet, and Building 2, which measures 1,452 square feet. Building 2 is currently leased and cash flowing. The property size is 4,814 square feet and the lot size is 0.9358 acres. The property is located in San Marcos, Texas.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $202.2k | $42.00 |
| − Vacancy | −$49.1k | −$10.21 |
| EGI | $153.1k | $31.79 |
| − OpEx | −$38.3k | −$7.95 |
| NOI | $114.8k | $23.85 |
4,814 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.64M
$1.43M – $1.91M
NOI $114,792 @ 7.0% cap · market cap 6.56%
Second Best
Retail
$1.21M
$1.06M – $1.41M
NOI $84,766 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,866 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Smiles: Dr. Thomas ...
Dental Office
A Central Texas Dental ...
Dental Office
Location Insight
- Map
- Local Demand
- City
- San Marcos
- County
- Hays
- State
- Texas
- Longitude
- -97.9487682
- Latitude
- 29.8792332
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with high-traffic location and flexible layout.
Where is this mixed-use property located?
The property is located at 715 W Hopkins Street San Marcos, TX.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Zoned Mixed Use: Allows for a wide range of business and residential applications.; High‑Traffic Location: Situated on Hopkins Street, offering excellent visibility and growth potential.; Two Buildings: Building 1 (3,362 sq ft) and Building 2 (1,452 sq ft) provide ample space.
