Mixed-Use Property with
New
For Sale
$787,000
1200 Hinch Drive, New Braunfels, TX 78132
CommercialSale, New Braunfels, TX
Property Size8,172 SF
Lot Size3.80 Acres
Price / SF$96.30
Days on Market2
Property Features for 1200 Hinch Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OCL
Parking features
RV
Interior features
Storage
Exterior features
Storage
Lot features
Three To Five Acres, Level, Outside City Limits
Elementary school
Mountain Valley Elementary
Middle school
Mountain Valley Middle School
High school
Canyon Lake High School
Elementary school district
Comal ISD
Middle school district
Comal ISD
High school district
Comal ISD
Directions
From FM 2673, turn onto Hinch Dr. Property is on the left at 1200 & 1340 Hinch Dr. Sign on site.
Standard status
Active
APN
780939000600
Size
8,172 SF
Lot size
3.80 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
A-939 Sur-804 H Luehlfing, Acres 3.8
Tax Annual Amount
10810
Legal Description
A-939 Sur-804 H Luehlfing, Acres 3.8
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2016
Floors in Building
2
Flooring type
Concrete
Building materials
SteelFrame, WoodSiding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Anders Pierce Realty, LLC
(830) 214-6002
Listed By:
Kyle Ritter · License #0790743
(830) 998-4412
Added: Sep 23
Last Checked: Sep 23 at 11:06PM
MLS# 626148
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.
Investment Insights
Based on property information with market context.
This mixed-use property encompasses 3.8 acres with seven buildings totaling 8,172 square feet, plus another 2,935 square feet under roof. Improvements include a steel-frame warehouse with roll-up drive-in doors and 10-foot ceilings, a separate commercial building, two storage buildings, a 7-bay pole barn, and an open-air equipment barn. The stabilized yard can accommodate roughly 100 vehicles or trailers. Two residences and two additional living quarters are also located on the parcel. Construction includes steel frame and wood siding, with concrete flooring, central heating and cooling, a metal roof, public water, and septic service.
The property has roughly 776 feet of road frontage in the Canyon Lake corridor. It is outside city limits, carries OCL zoning, and has no deed restrictions. Canyon Lake is minutes away, while New Braunfels is about 20 miles distant, I-35 is 15 miles away, and San Antonio is under an hour away.
The property has roughly 776 feet of road frontage in the Canyon Lake corridor. It is outside city limits, carries OCL zoning, and has no deed restrictions. Canyon Lake is minutes away, while New Braunfels is about 20 miles distant, I-35 is 15 miles away, and San Antonio is under an hour away.
Key Highlights
- 3.8 acres with roughly 776 feet of road frontage
- Seven buildings totaling 8,172 sq ft, plus another 2,935 sq ft under roof
- Steel‑frame warehouse with roll‑up drive‑in doors and 10‑ft ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,390
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,187,800
$1.2M
Cap Rate 7%
$848,429
$848.4K
Cap Rate 9%
$659,889
$659.9K
Market Conditions
NOI Build-Up for 8,172 SF
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.
Gross rent
$73.5K $9.00/SF
− Vacancy
−$3.7K −$0.45/SF
EGI
$69.9K $8.55/SF
− OpEx
−$10.5K −$1.28/SF
NOI
$59.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,187,800
Cap Rate 7%
$848,429
Cap Rate 9%
$659,889
Alternative Uses
Best Use
Mixed Use
$1.54M
$1.35M – $1.80M
NOI $107,870 @ 7.0% cap · market cap 13.71%
Second Best
Warehouse
$848.4K
$742.4K – $989.8K
NOI $59,390 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,918 @ 7.0% cap · market cap 18.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
10 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - OCL-zoned acreage combines commercial buildings, storage improvements, residences, and a stabilized yard outside city limits.
Where is this mixed-use property located?
The property is located at 1200 Hinch Drive New Braunfels, TX.
What is the asking price?
The asking price for this property is $787,000.
What are key features of this property?
This property features: 3.8 acres with roughly 776 feet of road frontage; Seven buildings totaling 8,172 sq ft, plus another 2,935 sq ft under roof; Steel‑frame warehouse with roll‑up drive‑in doors and 10‑ft ceilings
