Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Tx-123 San Marcos, TX 78666

    Sponsored
    For Sale
    $3,400,000

    COMMERCIAL - San Marcos, TX

    Lot size:
    89.10 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 21 at 1:06 am

    Property Features for Tx-123

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    64262
    Parking features
    Carport
    Lot size
    89.10 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well, Private

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Katherine Wagner

    ANDERS PIERCE REALTY, LLC (830) 214-6002

    Listing agent Katherine Wagner (830) 214-6002 License #0703449

    Listing date Jan 20, 2026

    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.

    Learn more

    Overview

    San Marcos Commercial Land Available

    This commercial land, situated between San Marcos and Seguin on State Highway 123, offers approximately 530 feet of frontage on the highway and over 2000 feet on Beback Inn Road. The property spans 89.1 acres and benefits from high traffic volume, with over 16,000 cars passing daily. Its location places it along a busy route connecting Interstate 35 and Interstate 10, positioning it favorably for development. The property is suitable for single-family residential, multifamily, industrial, or commercial use.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    San Marcos
    County
    Hays
    State
    Texas
    Longitude
    -97.9593
    Latitude
    29.8666

    Nearby Similar for Sale

    • New
      $299,000
      1,604 SF

      San Marcos Mixed-Use Investment

      Centrally located mixed-use property near Texas State University.
      512 Valley St, San Marcos, TX 78666
      View Details
    • $964,000
      5,548 SF

      San Marcos Multifamily Investment Opportunity

      Unique San Marcos property with multiple homes and development potential.
      1000 Advance St, San Marcos, TX 78666
      View Details
    • New
      $324,900
      1,497 SF

      San Marcos Duplex Investment Opportunity

      Short-term rental capable duplex near Texas State University.
      1026 Haynes St, San Marcos, TX 78666
      View Details
    • $790,000
      5,295 SF

      Mixed-Use Investment Near Texas State

      Two adjoining properties with commercial and multifamily potential near university.
      521 W Hutchison St, San Marcos, TX 78666
      View Details
    • $1,995,000
      2,300 SF

      Hill Country Retreat with Event Venue

      20-acre Hill Country retreat near Wimberley and San Marcos.
      1218 Oakwood Loop, San Marcos, TX 78666
      View Details
    • $1,495,000
      12.00 Acres

      San Marcos Ranch with Income Potential

      12-acre Hill Country retreat with custom home, chapel, and horse barn.
      0000 Oakwood Loop, San Marcos, TX 78666
      View Details
    • $990,000
      6,600 SF

      San Marcos Duplex Portfolio

      Three cash-flowing duplexes in San Marcos, Texas.
      1009-1019 Advance St, San Marcos, TX 78666
      View Details
    • $2,500,000
      24.00 Acres

      Hill Country Ranch with Stone Chapel

      24-acre ranch with log cabin, stone chapel, and event venue.
      1218 Oakwood Loop, San Marcos, TX 78666
      View Details
    • $282,500
      1,400 SF

      San Marcos Investment Duplex Opportunity

      Duplex near Texas State University, ideal for leasing or owner-occupancy.
      1030/1032 Haynes St, San Marcos, TX 78666
      View Details
    • $1,500,000
      3,800 SF

      Versatile Commercial Building in San Marcos

      Flexible commercial space with office and warehouse areas for sale.
      2108 Old Ranch Road 12, San Marcos, TX 78666
      View Details
    • $1,750,000
      4,814 SF

      Versatile Mixed-Use Commercial Property

      Mixed-use property with high-traffic location and flexible layout.
      715 W Hopkins St, San Marcos, TX 78666
      View Details
    • $650,000
      5,268 SF

      San Marcos Multifamily Property

      Multifamily property near downtown and university with conversion potential.
      121 Scott St, San Marcos, TX 78666
      View Details

    FAQs

    What type of property is this?
    Commercial land - 89.1 acres of commercial land with highway frontage.
    Where is this commercial land located?
    The property is located at Tx-123 San Marcos, TX.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: - Excellent OCL property offering flexible usage options: SFR, multifamily, industrial, or commercial.; - **High traffic location**: Approximately 530' frontage on State Hwy 123 with over 16,000 cars daily.; - Substantial road frontage: Over 2000' frontage on Beback Inn Rd.
    (830) 214-6002
    Request Owner's contact information
    Tx-123 San Marcos, TX 78666
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Tx-123
    San Marcos, TX 78666
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Tx-123 San Marcos, TX 78666
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Katherine Wagner
    Real Estate License ID: 0703449
    (830) 214-6002
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.