Flex Space Corner Lot
For Sale
$1,400,000
1308 N Bowie Street, Seguin, TX 78155
COMMERCIAL - Seguin, TX
Property Size10,850 SF
Lot Size0.97 Acres
Price / SF$129.03
Days on Market137
Property Features for 1308 N Bowie Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
indus
Subdivision
Farm
Lot features
City Lot, Half To One Acre Lot
Elementary school district
Seguin ISD
Middle school district
Seguin ISD
High school district
Seguin ISD
Directions
LOCATED ON W. KINGSBURY ST. CORNER OF KINGSBURY ST AND N. BOWIE ST.
Standard status
Active
APN
23172
Size
10,850 SF
Lot size
0.97 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT: SE COR BLK: 301 ADDN: FARM
Tax Annual Amount
8740
Legal Description
LOT: SE COR BLK: 301 ADDN: FARM
Utilities
Sewer type
Public Sewer
Building Details
Year built
1900
Floors in Building
1
Flooring type
Concrete, Wood
Building materials
Brick, Frame
Roof type
Metal
Listing Agency:
Anders Pierce Realty, LLC
(830) 214-6002
Listed By:
Heath Anders · License #0498440
(830) 534-8811
Added: Mar 31
Changed: Aug 7
Last Checked: Aug 14 at 9:06AM
MLS# 608851
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Flex space building on a .966-acre corner lot, offered for sale or lease. The property totals 10,850 square feet and is described as a suitable location for a multitude of end uses, with the owner having begun basic upgrades. The building may be partitioned into several units for sale or for lease, with different levels of finish out available.
Construction is described as brick with frame components, and flooring includes concrete and wood. The roof is metal, and the building is served by public sewer.
Located along the main east-west artery through Seguin, Texas, the property’s frontage on this primary through route supports a range of business configurations depending on the unit layout and finish-out level selected.
Construction is described as brick with frame components, and flooring includes concrete and wood. The roof is metal, and the building is served by public sewer.
Located along the main east-west artery through Seguin, Texas, the property’s frontage on this primary through route supports a range of business configurations depending on the unit layout and finish-out level selected.
Key Highlights
- .966‑acre corner lot with 10,850 SF flex space building
- Flexible configuration with potential partitioning into several units for sale or lease
- Basic upgrades already started by the owner
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
$114,251
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
8.16%
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%
$2,285,020
$2.3M
Cap Rate 7%
$1,632,157
$1.6M
Cap Rate 9%
$1,269,456
$1.3M
Market Conditions
NOI Build-Up for 10,850 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
$195.3K $18.00/SF
− Vacancy
−$19.5K −$1.80/SF
EGI
$175.8K $16.20/SF
− OpEx
−$61.5K −$5.67/SF
NOI
$114.3K $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%
$2,285,020
Cap Rate 7%
$1,632,157
Cap Rate 9%
$1,269,456
Alternative Uses
Best Use
Flex RnD
$1.63M
$1.43M – $1.90M
NOI $114,251 @ 7.0% cap · market cap 8.16%
Second Best
Industrial
$927.7K
$811.7K – $1.08M
NOI $64,937 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,206 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
946
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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Frequently Asked Questions
What type of property is this?
Flex space - Indus-zoned flex space on a corner lot with brick construction and a metal roof.
Where is this flex space located?
The property is located at 1308 N Bowie Street 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: .966‑acre corner lot with 10,850 SF flex space building; Flexible configuration with potential partitioning into several units for sale or lease; Basic upgrades already started by the owner
