Urban Living in New
For Sale
$275,000
587 E Basel Street, New Braunfels, TX 78130
Contemporary home in a dynamic community with urban energy.
Property Size962 SF
Lot Size0.34 Acres
Price / SF$285.86
Days on Market666
Property Features for 587 E Basel Street
General Information
Standard status
Active
Size
962 SF
Lot size
0.34 Acres
Property subtype
Condo/Townhome
Building Details
Year Built
2021
Listing Agency:
CENTURY 21 River & Ridge
(210) 355-0302
Listed By:
Diana Colbath · License #0580071
(210) 355-0302
Source:
Exitrealty
Added: Oct 10, 2024
Changed: Jul 6
Last Checked: Aug 6 at 3:52AM
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 CENTURY 21 River & Ridge
Investment Insights
Based on property information with market context.
Located in the Village at Basel, a development in Central New Braunfels, this property offers a blend of urban energy and laid-back charm. The location provides access to amenities, river parks, Schlitterbahn, restaurants, biergartens, theaters, art galleries, shopping, downtown nightlife, and dog-friendly social spaces. This home features living spaces designed for comfort and practicality. The open-plan layout connects the living, dining, and kitchen areas, with flooring throughout. The kitchen is suited for casual meals and gatherings. The property includes two bedrooms, two full baths, and a bonus space. The neighborhood provides grills, parks, trails, and picnic areas. Major highways and Downtown New Braunfels are easily accessible.
Key Highlights
- Prime location in Central New Braunfels, offering urban living with easy access to river parks, Schlitterbahn, restaurants, and downtown nightlife.
- Enjoy community amenities including grills, parks, trails, and picnic areas, promoting an active and social lifestyle.
- Contemporary home featuring an open‑plan layout, chic flooring, and bright living spaces.
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
$8,571
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
3.12%
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%
$171,420
$171.4K
Cap Rate 7%
$122,443
$122.4K
Cap Rate 9%
$95,233
$95.2K
Market Conditions
NOI Build-Up for 962 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
$17.3K $18.00/SF
− Vacancy
−$1.7K −$1.80/SF
EGI
$15.6K $16.20/SF
− OpEx
−$7.0K −$7.29/SF
NOI
$8.6K $8.91/SF
Area
Comal County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$171,420
Cap Rate 7%
$122,443
Cap Rate 9%
$95,233
Alternative Uses
Best Use
Apartment 5plus
$122.4K
$107.1K – $142.9K
NOI $8,571 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$245.4K
$214.7K – $286.3K
NOI $17,177 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 78130, TX
88,349
Population
40,810
Households
2.2
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
91.0 sq mi
ZIP Area
971
Density / Sq Mi
$84,426
Median Household Income
$45,253
Median Earnings
$1,525
Median Rent
$296,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary home in a dynamic community with urban energy.
Where is this residential income property located?
The property is located at 587 E Basel Street New Braunfels, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Prime location in Central New Braunfels, offering urban living with easy access to river parks, Schlitterbahn, restaurants, and downtown nightlife.; Enjoy community amenities including grills, parks, trails, and picnic areas, promoting an active and social lifestyle.; Contemporary home featuring an open‑plan layout, chic flooring, and bright living spaces.
