Mixed-Use Retail and Office
For Sale
$3,750,000
110 Market Ave, Boerne, TX 78006
C3-zoned shell space occupies the corner of Market Avenue and North Main Street.
Property Size13,813 SF
Days on Market240
Property Features for 110 Market Ave
General Information
Standard status
Active
Size
13,813 SF
Class
B
Property subtype
Multi Tenant Office
Building Details
Building Size
13,813 SF
Year Built
2021
Properties For Sale
at 110 Market Ave
Retail / Office For Lease in Boerne Texas
Size
13,813 SF
Lease Type
NNN
Listing Agency:
Keller Williams Boerne
Listed By:
Glen Boehm · License #550654
(210) 213-6886
Source:
Thebrokerlist
Added: Feb 18
Changed: Oct 5
Last Checked: Oct 14 at 7:38PM
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 Keller Williams Boerne
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Investment Insights
Based on property information with market context.
Built in 2021, this mixed-use commercial building combines retail and office space within approximately 13,800+/- square feet. The improvements are in shell condition, providing a first-generation interior ready for build-out. Construction plans have received approval from the City of Boerne.
The property is located at 110 Market Ave in Boerne, at the corner of Market Avenue and North Main Street. Its position along North Main Street places the building near downtown Boerne and provides a prominent corner setting for future retail or office occupancy.
The property is located at 110 Market Ave in Boerne, at the corner of Market Avenue and North Main Street. Its position along North Main Street places the building near downtown Boerne and provides a prominent corner setting for future retail or office occupancy.
Key Highlights
- 13,800+/- retail and office building
- C3 zoning
- Built in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,256
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,765,120
$3.8M
Cap Rate 7%
$2,689,371
$2.7M
Cap Rate 9%
$2,091,733
$2.1M
Market Conditions
NOI Build-Up for 13,813 SF
Gross rent
$305.0K $22.08/SF
− Vacancy
−$54.0K −$3.91/SF
EGI
$251.0K $18.17/SF
− OpEx
−$62.8K −$4.54/SF
NOI
$188.3K $13.63/SF
Area
Kendall County, TX
Vacancy
17.70%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,765,120
Cap Rate 7%
$2,689,371
Cap Rate 9%
$2,091,733
Alternative Uses
Best Use
Office B
$2.69M
$2.35M – $3.14M
NOI $188,256 @ 7.0% cap · market cap 5.02%
Second Best
Retail
$2.64M
$2.31M – $3.08M
NOI $184,904 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$3.62M
$3.17M – $4.23M
NOI $253,607 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 78006, TX
40,979
Population
16,643
Households
2.5
Avg Household Size
44
Median Age
51%
College-Educated
94%
High-School Grad
345.9 sq mi
ZIP Area
118
Density / Sq Mi
$110,955
Median Household Income
$51,943
Median Earnings
$1,612
Median Rent
$502,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C3-zoned shell space occupies the corner of Market Avenue and North Main Street.
Where is this mixed-use property located?
The property is located at 110 Market Ave Boerne, TX.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 13,800+/- retail and office building; C3 zoning; Built in 2021
