Medical Office
For Sale
$1,320,000
876 Loop 337, New Braunfels, TX 78130
Two-story medical/professional office building with first-floor medical space and three offices on the second floor.
Property Size5,078 SF
Days on Market93
Property Features for 876 Loop 337
General Information
Standard status
Active
Size
5,078 SF
Class
B
Property subtype
Office - General Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
4
Building Details
Building Size
5,078 SF
Year Built
1988
Stories
2
Units
4
Listing Agency:
SVN | Traditions
(830) 358-7800
Listed By:
Jay Dabbs, CCIM · License #623922
Source:
Commercialcafe
Added: May 14
Changed: Aug 8
Last Checked: Aug 13 at 7:37AM
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 SVN | Traditions
Investment Insights
Based on property information with market context.
This two-story medical/professional office building includes second-generation medical office space on the first floor and three professional offices with open floor plan areas on the second floor. The second floor is accessed via an exterior staircase.
The property is located on Highway 46/Loop 337 near the intersection at Common Street, with convenient access to Interstate 35 just to the east. The building is also within walking distance to multiple restaurants and shops.
The layout supports both medical and professional office use, with separate floor configurations for flexible owner-occupant or investment strategies.
The property is located on Highway 46/Loop 337 near the intersection at Common Street, with convenient access to Interstate 35 just to the east. The building is also within walking distance to multiple restaurants and shops.
The layout supports both medical and professional office use, with separate floor configurations for flexible owner-occupant or investment strategies.
Key Highlights
- Two‑story medical/professional office building with second‑generation medical office on the first floor
- First‑floor medical space is approximately 2,539 SF
- Second floor includes 3 professional offices with open floor plans
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
$69,207
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
5.24%
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%
$1,384,140
$1.4M
Cap Rate 7%
$988,671
$988.7K
Cap Rate 9%
$768,967
$769.0K
Market Conditions
NOI Build-Up for 5,078 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
$112.1K $22.08/SF
− Vacancy
−$19.8K −$3.91/SF
EGI
$92.3K $18.17/SF
− OpEx
−$23.1K −$4.54/SF
NOI
$69.2K $13.63/SF
Area
Comal 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 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%
$1,384,140
Cap Rate 7%
$988,671
Cap Rate 9%
$768,967
Alternative Uses
Best Use
Office B
$988.7K
$865.1K – $1.15M
NOI $69,207 @ 7.0% cap · market cap 5.24%
Second Best
Healthcare Medical
$940.2K
$822.6K – $1.10M
NOI $65,811 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,672 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
122
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story medical/professional office building with first-floor medical space and three offices on the second floor.
Where is this office building located?
The property is located at 876 Loop 337 New Braunfels, TX.
What is the asking price?
The asking price for this property is $1,320,000.
What are key features of this property?
This property features: Two‑story medical/professional office building with second‑generation medical office on the first floor; First‑floor medical space is approximately 2,539 SF; Second floor includes 3 professional offices with open floor plans
