Multi-Room Flex
For Sale
$375,000
1056 Market Heights, New Braunfels, TX 78132
The interior includes a compact kitchen and bathroom alongside rooms suited to a range of workspace configurations.
Property Size4,400 SF
Price / SF$85.23
Days on Market191
Property Features for 1056 Market Heights
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Commercial
Building Details
Building Size
4,400 SF
Year Built
1995
Buildings
1
Abandoned
Yes
Listing Agency:
JPAR - Plano
Listed By:
Donna Renken · License #0196427
(210) 601-3493
Source:
Moxiemoonrealty
Added: Apr 24
Changed: Oct 30
Last Checked: Oct 30 at 2:02AM
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 JPAR - Plano
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Investment Insights
Based on property information with market context.
This 4,400-square-foot flex property, built in 1995, contains six separate rooms, a small kitchen, and a bathroom. The interior layout supports varied workspace configurations, with the rooms offering options for dividing the space by function.
The property sits half a block from River Road, where seasonal traffic increases during summer. Nearby businesses and banks provide local services.
The property sits half a block from River Road, where seasonal traffic increases during summer. Nearby businesses and banks provide local services.
Key Highlights
- 4,400‑square‑foot flex property built in 1995
- Six separate rooms, a small kitchen, and a bathroom
- Located half a block from River Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,977
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,540
$639.5K
Cap Rate 7%
$456,814
$456.8K
Cap Rate 9%
$355,300
$355.3K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$39.6K $9.00/SF
− Vacancy
−$2.0K −$0.45/SF
EGI
$37.6K $8.55/SF
− OpEx
−$5.6K −$1.28/SF
NOI
$32.0K $7.27/SF
Area
Comal County, TX
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,540
Cap Rate 7%
$456,814
Cap Rate 9%
$355,300
Alternative Uses
Best Use
Retail
$841.4K
$736.2K – $981.7K
NOI $58,899 @ 7.0% cap · market cap 15.71%
Second Best
Flex RnD
$661.9K
$579.2K – $772.2K
NOI $46,332 @ 7.0% cap · market cap 12.36%
Theoretical Best
Office A
$1.12M
$982.1K – $1.31M
NOI $78,566 @ 7.0% cap · market cap 20.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78132, TX
37,475
Population
15,356
Households
2.4
Avg Household Size
43
Median Age
53%
College-Educated
96%
High-School Grad
179.3 sq mi
ZIP Area
209
Density / Sq Mi
$126,934
Median Household Income
$63,870
Median Earnings
$1,531
Median Rent
$570,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Bluebonnet Brews — 1963 FM2673, Canyon Lake, TX 78133
Frequently Asked Questions
What type of property is this?
Flex space - The interior includes a compact kitchen and bathroom alongside rooms suited to a range of workspace configurations.
Where is this flex space located?
The property is located at 1056 Market Heights New Braunfels, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 4,400‑square‑foot flex property built in 1995; Six separate rooms, a small kitchen, and a bathroom; Located half a block from River Road
