Hunter Road Commercial Land
For Sale
$820,000
2214 S Hunter Rd, San Marcos, TX 78666
Land suitable for retail, storage, or industrial uses.
Property Size2,103 SF
Days on Market139
Property Features for 2214 S Hunter Rd
General Information
Standard status
Active
Size
2,103 SF
Property subtype
Commercial
Building Details
Building Size
2,103 SF
Stories
1
Listing Agency:
Gregson Realty Advisors
(512) 557-8000
Listed By:
James Gregson · License #0232435
(512) 557-8000
Source:
Elliman
Added: Apr 15
Changed: Aug 28
Last Checked: Aug 30 at 4:34PM
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 Gregson Realty Advisors
Investment Insights
Based on property information with market context.
This property is located off Hunter Road, south of Wonderworld Drive. It is positioned to offer a sales price below other properties in the immediate area. Potential uses for the property include retail sales, such as a live plant and tree operation with pickup and delivery services for both the public and commercial users. It can serve as a central location for commercial users who may value a temporary holding solution. Other possible uses include commercial storage options, providing a closer alternative to competitive offerings typically located on the city's periphery. The central location along Hunter Road and the Wonderworld Extension facilitates access to San Antonio, Austin, Wimberley, and Seguin, linking industrial and manufacturing areas. A portion of the property is currently in the flood way and is offered at a lower price, presenting potential for capital gains as efforts are made to manage rain flows throughout the area. The property has a walk score of 17, indicating car dependence, and a bike score of 30, indicating it is somewhat bikeable.
Key Highlights
- Below‑market sales price compared to other properties in the area.
- Central location with easy access to San Antonio, Austin, Wimberley, and Seguin.
- Potential for capital gains due to efforts to manage water flow.
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
$37,030
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
4.52%
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%
$740,600
$740.6K
Cap Rate 7%
$529,000
$529.0K
Cap Rate 9%
$411,444
$411.4K
Market Conditions
NOI Build-Up for 2,103 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
$54.8K $26.04/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$52.9K $25.15/SF
− OpEx
−$15.9K −$7.55/SF
NOI
$37.0K $17.61/SF
Area
Hays County, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
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%
$740,600
Cap Rate 7%
$529,000
Cap Rate 9%
$411,444
Alternative Uses
Best Use
Retail
$529.0K
$462.9K – $617.2K
NOI $37,030 @ 7.0% cap · market cap 4.52%
Second Best
Warehouse
$302.5K
$264.7K – $352.9K
NOI $21,173 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$879.1K
$769.2K – $1.03M
NOI $61,537 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Explore this area
Business Placement
Demographics for 78666, TX
86,584
Population
36,354
Households
2.4
Avg Household Size
27
Median Age
35%
College-Educated
89%
High-School Grad
192.4 sq mi
ZIP Area
450
Density / Sq Mi
$55,478
Median Household Income
$25,890
Median Earnings
$1,294
Median Rent
$271,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Land suitable for retail, storage, or industrial uses.
Where is this commercial land located?
The property is located at 2214 S Hunter Rd San Marcos, TX.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: Below‑market sales price compared to other properties in the area.; Central location with easy access to San Antonio, Austin, Wimberley, and Seguin.; Potential for capital gains due to efforts to manage water flow.
