Multi-Story Office
For Sale
$2,650,000
300-330 Wonder World Dr, San Marcos, TX 78666
Class A office building with three levels, elevator service, and multiple balcony spaces.
Property Size7,783 SF
Price / SF$340.49
Days on Market494
Property Features for 300-330 Wonder World Dr
General Information
Standard status
Active
Size
7,783 SF
Class
A
Total Parking Spaces
33
Additional Details
Highway Access
Yes
Building Details
Year Built
2020
Stories
3
Listing Agency:
Jenny Frisbie, BROKER
Listed By:
Jenny Frisbie · License #0471567
(512) 757-3723
Source:
Exprealty
Added: May 13, 2025
Changed: Sep 2
Last Checked: Sep 17 at 1:08AM
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 Jenny Frisbie, BROKER
Investment Insights
Based on property information with market context.
Constructed in 2020, this Class A office building offers approximately 7,783 square feet across three levels, with multiple balconies and an elevator or stairs servicing each floor. The first and second floors combine individual offices with conference and/or open area space, along with kitchen or break areas and men’s and women’s restrooms. The third floor includes a common area and two large offices, each with its own bathroom. Building and road signage space is available, and landscaping is supported by a sprinkler system.
The property is located about one-half mile from IH 35 and positioned in the center of a quickly growing San Marcos area. A total of 33 parking spaces supports on-site vehicle access for tenants and visitors.
This building is well suited for professional users seeking a Class A office environment with dedicated office configurations on multiple floors. With restrooms and kitchen or break areas distributed through the layout, it can accommodate a range of team sizes and meeting needs, while the third floor’s larger offices and suite-style setup may appeal to management or department-specific space requirements.
The property is located about one-half mile from IH 35 and positioned in the center of a quickly growing San Marcos area. A total of 33 parking spaces supports on-site vehicle access for tenants and visitors.
This building is well suited for professional users seeking a Class A office environment with dedicated office configurations on multiple floors. With restrooms and kitchen or break areas distributed through the layout, it can accommodate a range of team sizes and meeting needs, while the third floor’s larger offices and suite-style setup may appeal to management or department-specific space requirements.
Key Highlights
- 7,783 SF Class A office space across three levels with elevator service and stairs to each floor
- Building constructed in 2020 with multiple balcony spaces
- First and second floors feature a mix of individual offices, conference/open area space, kitchen/break areas, and men’s/women’s restrooms
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
$185,590
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
7.00%
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%
$3,711,800
$3.7M
Cap Rate 7%
$2,651,286
$2.7M
Cap Rate 9%
$2,062,111
$2.1M
Market Conditions
NOI Build-Up for 7,783 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
$326.9K $42.00/SF
− Vacancy
−$79.4K −$10.21/SF
EGI
$247.5K $31.79/SF
− OpEx
−$61.9K −$7.95/SF
NOI
$185.6K $23.85/SF
Area
Hays County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
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%
$3,711,800
Cap Rate 7%
$2,651,286
Cap Rate 9%
$2,062,111
Alternative Uses
Best Use
Office B
$2.65M
$2.32M – $3.09M
NOI $185,590 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.85M – $3.80M
NOI $227,744 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
677
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Class A office building with three levels, elevator service, and multiple balcony spaces.
Where is this office building located?
The property is located at 300-330 Wonder World Dr San Marcos, TX.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 7,783 SF Class A office space across three levels with elevator service and stairs to each floor; Building constructed in 2020 with multiple balcony spaces; First and second floors feature a mix of individual offices, conference/open area space, kitchen/break areas, and men’s/women’s restrooms
