Two Office Buildings on
For Sale
Contact for pricing
1176 N Business 35, New Braunfels, TX
Two office buildings totaling 2,600 SF on 0.965 acres.
Property Size2,600 SF
Lot Size0.94 Acres
Price / SF$288.46
Days on Market1823
Property Features for 1176 N Business 35
General Information
Standard status
Active
Size
2,600 SF
Lot size
0.94 Acres
Property subtype
OFFICE
Listing Agency:
Legacy Commercial Real Estate
(210) 601-1414
Listed By:
Mike Ybarra
(210) 601-1414
Source:
Moodyscre
Added: Aug 9, 2021
Changed: Jul 10
Last Checked: Jul 21 at 5:23AM
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 Legacy Commercial Real Estate
Investment Insights
Based on property information with market context.
Two office buildings are available for sale on an approximately 0.965-acre lot in New Braunfels, Texas. One building provides approximately 1,900 square feet of space, while the second building offers approximately 700 square feet, for a total of 2,600 square feet. These buildings were previously utilized as administrative offices. The buildings are set back from North Business 35, situated between Interstate 35 and Business 35. Mature shade trees surround the buildings, and a running natural spring contributes to the environment.
Key Highlights
- Approx. 0.965 acre lot with two office buildings totaling approx. 2,600 SF (1,900 SF + 700 SF).
- Strategic location between Interstate 35 and Business 35.
- Includes two separate office buildings.
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 | $57.4k | $22.08 |
| − Vacancy | −$10.2k | −$3.91 |
| EGI | $47.2k | $18.17 |
| − OpEx | −$11.8k | −$4.54 |
| NOI | $35.4k | $13.63 |
2,600 SF · lease $22.08/SF/yr · vacancy 17.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$506.2K
$442.9K – $590.6K
NOI $35,435 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$663.2K
$580.3K – $773.8K
NOI $46,425 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,770
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two office buildings totaling 2,600 SF on 0.965 acres.
Where is this office building located?
The property is located at 1176 N Business 35 New Braunfels, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approx. 0.965 acre lot with two office buildings totaling approx. 2,600 SF (1,900 SF + 700 SF).; Strategic location between Interstate 35 and Business 35.; Includes two separate office buildings.
