Mixed-Use Property with Loft
For Sale
$250,000
512 Valley Street, San Marcos, TX 78666
Mixed Use Zoning allows a residential home, short-term rental use, commercial space with loft apartments, and restaurant use.
Property Size1,604 SF
Price / SF$155.86
Days on Market87
Property Features for 512 Valley Street
General Information
Standard status
Active
Size
1,604 SF
Zoning
Mixed Use
Building Details
Buildings
1
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Natalie Butler-Megerson · License #0678374
(512) 557-5549
Source:
Cornerstone-properties
Added: Jul 13
Changed: Oct 5
Last Checked: Oct 5 at 6:20PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
Located at 512 Valley Street in San Marcos, this mixed-use property is configured as a home and carries Mixed Use Zoning. The property is positioned near Texas State University and Downtown San Marcos.
Approved use examples include short-term rentals, restaurant operations, and a combination of commercial space on the lower level with loft apartments above. The existing residential format also allows the property to function as a home, subject to applicable approvals and requirements.
Approved use examples include short-term rentals, restaurant operations, and a combination of commercial space on the lower level with loft apartments above. The existing residential format also allows the property to function as a home, subject to applicable approvals and requirements.
Key Highlights
- Mixed Use Zoning
- Located near Texas State University
- Located near Downtown San Marcos
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,654
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,080
$433.1K
Cap Rate 7%
$309,343
$309.3K
Cap Rate 9%
$240,600
$240.6K
Market Conditions
NOI Build-Up for 1,604 SF
Gross rent
$38.5K $24.00/SF
− Vacancy
−$3.8K −$2.40/SF
EGI
$34.6K $21.60/SF
− OpEx
−$13.0K −$8.10/SF
NOI
$21.7K $13.50/SF
Area
Hays County, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,080
Cap Rate 7%
$309,343
Cap Rate 9%
$240,600
Alternative Uses
Best Use
Apartment 5plus
$351.3K
$307.4K – $409.8K
NOI $24,588 @ 7.0% cap · market cap 9.84%
Second Best
Mixed Use
$309.3K
$270.7K – $360.9K
NOI $21,654 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$670.5K
$586.7K – $782.3K
NOI $46,936 @ 7.0% cap · market cap 18.77%
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
Location Intelligence
Trade Area within ½ mile
1,469
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 Multifamily 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?
Mixed-use property - Mixed Use Zoning allows a residential home, short-term rental use, commercial space with loft apartments, and restaurant use.
Where is this mixed-use property located?
The property is located at 512 Valley Street San Marcos, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Mixed Use Zoning; Located near Texas State University; Located near Downtown San Marcos
