Historic Mixed-Use
139 E Hopkins St., San Marcos, TX 78666
For Sale
Contact for pricing
Multi-level commercial building with rooftop patio, bar operations, and office space in a historic downtown setting.
Property Size13,102 SF
Price / SF$297.66
Days on Market100
Property Features for 139 E Hopkins St.
General Information
Standard status
Size
Class
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Additional Details
Patio
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Monica & Company Real Estate
Listed By:
Monica Malorgio Katz · License TX #524646
(512) 787-7935
Source:
Crexi
Added: Aug 6
Changed: Nov 5
Last Checked: Nov 12 at 7:57AM
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 Monica & Company Real Estate
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Investment Insights
Based on property information with market context.
Built in 1873, this mixed-use commercial property encompasses approximately 13,102 square feet across multiple levels and includes a rooftop patio. The building is currently operating with three bars occupying 84% of the property, while the remaining 16% is arranged as office space. That office area may remain in its current configuration or be adapted for additional bar, dining, or other concepts, subject to applicable approvals.
The property is located at 139 E. Hopkins Street directly on the historic downtown square in San Marcos and within two blocks of Texas State University. It is zoned Downtown Local Historic District and Central Business Area (CBA), placing the asset within the city's downtown dining, retail, and entertainment district.
The property is located at 139 E. Hopkins Street directly on the historic downtown square in San Marcos and within two blocks of Texas State University. It is zoned Downtown Local Historic District and Central Business Area (CBA), placing the asset within the city's downtown dining, retail, and entertainment district.
Key Highlights
- Approximately 13,102 square feet across multiple levels
- Built in 1873 with a rooftop patio
- Three bars occupy 84% of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$247,182
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,943,640
$4.9M
Cap Rate 7%
$3,531,171
$3.5M
Cap Rate 9%
$2,746,467
$2.7M
Market Conditions
NOI Build-Up for 13,102 SF
Gross rent
$341.2K $26.04/SF
− Vacancy
−$11.6K −$0.89/SF
EGI
$329.6K $25.15/SF
− OpEx
−$82.4K −$6.29/SF
NOI
$247.2K $18.87/SF
Area
Hays County, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,943,640
Cap Rate 7%
$3,531,171
Cap Rate 9%
$2,746,467
Alternative Uses
Best Use
Specialty Retail
$3.53M
$3.09M – $4.12M
NOI $247,182 @ 7.0% cap · market cap 6.34%
Second Best
Mixed Use
$3.09M
$2.70M – $3.60M
NOI $216,183 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$5.13M
$4.49M – $5.99M
NOI $359,396 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,835
Businesses Nearby
172k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Groceries 29%
Shops & Services 24%
Home Improvements & Furnishings 3%
H-E-B
Groceries
49,167 visits/mo
0.1 miles
Taco Bell
Dining
22,630 visits/mo
0.1 miles
Exxon
Shops & Services
13,361 visits/mo
0.1 miles
Chipotle Mexican Grill
Dining
10,993 visits/mo
0.1 miles
Jack in the Box
Dining
10,223 visits/mo
0.1 miles
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
$271,900
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Hays County, TX
Properties on Market for Mixed-use properties in Hays County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-level commercial building with rooftop patio, bar operations, and office space in a historic downtown setting.
Where is this mixed-use property located?
The property is located at 139 E Hopkins St. San Marcos, TX.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Approximately 13,102 square feet across multiple levels; Built in 1873 with a rooftop patio; Three bars occupy 84% of the building
