Office Condo with Three
New
For Sale
Contact for pricing
124 E Bandera #406, Boerne, TX 78006
The suite pairs three private rooms with an open work area, a kitchen, and an ADA-accessible restroom.
Property Size1,273 SF
Price / SF$1.83
Days on Market2
Property Features for 124 E Bandera #406
General Information
Standard status
Active
Size
1,273 SF
Property subtype
Office/Medical/Prof Bldg
Additional Details
Highway Access
Yes
Office Units
3
Amenities
ADA Bathroom
Kitchen area
Building Details
Year Built
2004
Tenancy
Multi
Listing Agency:
PIONEER REALTY PARTNERS, LLC
Listed By:
Denise Bourassa
(210) 355-0559
Source:
Pioneerrealtypartners
Added: Oct 16
Last Checked: Oct 16 at 2:05PM
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 PIONEER REALTY PARTNERS, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,273-square-foot office condo features three separate offices and an open area suited to desks or cubicles. The interior also includes a kitchen area and an ADA bathroom. The building was constructed in 2004.
The property is near the intersection of S. Main and E. Bandera, along Highway 46. Other occupants in the development include Well-Med, Hill Country Hearing, LabCorp, and Cancer Care Center of Texas.
The property is near the intersection of S. Main and E. Bandera, along Highway 46. Other occupants in the development include Well-Med, Hill Country Hearing, LabCorp, and Cancer Care Center of Texas.
Key Highlights
- 1,273 SF office condo
- Three separate offices plus an open area for desks or cubicles
- Kitchen area and ADA bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,350
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,000
$347.0K
Cap Rate 7%
$247,857
$247.9K
Cap Rate 9%
$192,778
$192.8K
Market Conditions
NOI Build-Up for 1,273 SF
Gross rent
$28.1K $22.08/SF
− Vacancy
−$5.0K −$3.91/SF
EGI
$23.1K $18.17/SF
− OpEx
−$5.8K −$4.54/SF
NOI
$17.3K $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%
$347,000
Cap Rate 7%
$247,857
Cap Rate 9%
$192,778
Alternative Uses
Best Use
Office B
$247.9K
$216.9K – $289.2K
NOI $17,350 @ 7.0% cap · market cap 743.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$333.9K
$292.2K – $389.5K
NOI $23,372 @ 7.0% cap · market cap 1,001.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,211
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - The suite pairs three private rooms with an open work area, a kitchen, and an ADA-accessible restroom.
Where is this office units located?
The property is located at 124 E Bandera #406 Boerne, TX.
What are key features of this property?
This property features: 1,273 SF office condo; Three separate offices plus an open area for desks or cubicles; Kitchen area and ADA bathroom
