Flex Space Building on Corner
For Sale
$1,400,000
1308 N Bowie, Seguin, TX 78155
Corner-lot commercial building with upgrade work underway and potential for multiple suites.
Property Size10,500 SF
Lot Size0.96 Acres
Price / SF$133.33
Days on Market8
Property Features for 1308 N Bowie
General Information
Standard status
Active
Size
10,500 SF
Lot size
0.96 Acres
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Anders Pierce Realty
(830) 534-8811
Listed By:
Heath Anders · License #0498440
Source:
Thebranchinc
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 28 at 12:46PM
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 Anders Pierce Realty
Investment Insights
Based on property information with market context.
The 10,500-square-foot flex space building occupies a 0.96-acre corner parcel at 1308 N Bowie in Seguin, Texas. Constructed in 1900, the property has begun receiving basic upgrades and offers an existing commercial structure for continued improvement.
The owner is open to dividing the building into several units, with availability for sale or lease at different levels of finish-out. Its position along an east-west main artery adds direct exposure within the local commercial setting.
The owner is open to dividing the building into several units, with availability for sale or lease at different levels of finish-out. Its position along an east-west main artery adds direct exposure within the local commercial setting.
Key Highlights
- 10,500‑square‑foot flex space building
- 0.96‑acre corner lot at 1308 N Bowie, Seguin, TX 78155
- Built in 1900
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
$110,565
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
7.90%
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%
$2,211,300
$2.2M
Cap Rate 7%
$1,579,500
$1.6M
Cap Rate 9%
$1,228,500
$1.2M
Market Conditions
NOI Build-Up for 10,500 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
$189.0K $18.00/SF
− Vacancy
−$18.9K −$1.80/SF
EGI
$170.1K $16.20/SF
− OpEx
−$59.5K −$5.67/SF
NOI
$110.6K $10.53/SF
Area
Guadalupe County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$2,211,300
Cap Rate 7%
$1,579,500
Cap Rate 9%
$1,228,500
Alternative Uses
Best Use
Flex RnD
$1.58M
$1.38M – $1.84M
NOI $110,565 @ 7.0% cap · market cap 7.90%
Second Best
Warehouse
$1.09M
$953.9K – $1.27M
NOI $76,309 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,780 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78155, TX
51,772
Population
21,791
Households
2.4
Avg Household Size
40
Median Age
22%
College-Educated
85%
High-School Grad
355.5 sq mi
ZIP Area
146
Density / Sq Mi
$71,367
Median Household Income
$38,985
Median Earnings
$1,149
Median Rent
$246,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Guero's Backyard — 1202 N Austin St, Seguin, TX 78155
Frequently Asked Questions
What type of property is this?
Flex space - Corner-lot commercial building with upgrade work underway and potential for multiple suites.
Where is this flex space located?
The property is located at 1308 N Bowie Seguin, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 10,500‑square‑foot flex space building; 0.96‑acre corner lot at 1308 N Bowie, Seguin, TX 78155; Built in 1900
