1022 N King Street, Seguin, TX 78155

Building Details

Year Built 1971 More

Year Renovated 2015 More

Buildings 1 More

Tenancy Single More

Listing Agency: Sweetwaters Realty Llc

Listed By: Jennifer Rowe · License #H638892000 Show Phone

Source: Efirsttexas

Added: Nov 6 Last Checked: Nov 6 at 2:20PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sweetwaters Realty Llc

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Investment Insights

Based on property information with market context.

This retail property includes an open showroom area, private offices at the rear, and two restrooms. Built in 1971 and renovated in 2015, the building is currently used as a paint store. The site measures approximately 0.29 acres and has about 25 parking spaces.

At 1022 N. King Street in Seguin, the property occupies the corner of N. King Street and E. Cedar Street. Frontage measures 139 feet along N. King Street and 87 feet along E. Cedar Street.

Key Highlights

• Retail showroom with private rear offices and two restrooms
• Approximately 0.29 acres with about 25 parking spaces
• 139 feet of frontage on N. King Street and 87 feet on E. Cedar Street

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,631

Cap Rate

3.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$492,620 $492.6K

Cap Rate 7%

$351,871 $351.9K

Cap Rate 9%

$273,678 $273.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,840 SF

Gross rent

$36.7K $19.92/SF

− Vacancy

−$1.5K −$0.80/SF

EGI

$35.2K $19.12/SF

− OpEx

−$10.6K −$5.74/SF

NOI

$24.6K $13.39/SF

Area

Guadalupe County, TX

Vacancy

4.00%

Lease Rate

$19.92 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$492,620

Cap Rate 7%

$351,871

Cap Rate 9%

$273,678

Alternative Uses

Best Use

Retail

$351.9K

$307.9K – $410.5K (±1% cap)

NOI $24,631 @ 7.0% cap · market cap 3.10%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$482.6K

$422.3K – $563.0K (±1% cap)

NOI $33,782 @ 7.0% cap · market cap 4.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

GC Floors Carpet & Flooring Store

Suggested Use

Top Pick Kitchen & Bath Showroom Parking Lot & Garage Catering Service Law Firm Plumbing Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

601

Businesses Nearby

Explore this area Business Placement

Demographics for 78155, TX

51,772

Population

21,791

Households

2.4

Avg Household Size

40

Median Age

22%

College-Educated

85%

High-School Grad

355.5 sq mi

ZIP Area

146

Density / Sq Mi

$71,367

Median Household Income

$38,985

Median Earnings

$1,149

Median Rent

$246,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - An open showroom, rear offices, two restrooms, and on-site parking provide a flexible commercial layout.

Where is this retail space located?

The property is located at 1022 N King Street Seguin, TX.

What is the asking price?

The asking price for this property is $794,900.

What are key features of this property?

This property features: Retail showroom with private rear offices and two restrooms; Approximately 0.29 acres with about 25 parking spaces; 139 feet of frontage on N. King Street and 87 feet on E. Cedar Street