Climate-Controlled Flex
For Sale
$650,000
140 Thunderbird Lane, Seguin, TX 78155
COMMERCIAL - Seguin, TX
Property Size4,000 SF
Lot Size5.60 Acres
Price / SF$162.50
Days on Market191
Property Features for 140 Thunderbird Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Carport
Interior features
Storage
Exterior features
Lighting
Subdivision
JOHN G. KING SURVEY
Lot features
Five To Ten Acres, Outside City Limits
Elementary school district
Seguin ISD
Middle school district
Seguin ISD
High school district
Seguin ISD
Directions
Old Seguin-Luling Rd. Right on Thuderbird Ln. Left onto driveway just past 325 Thunderbird Ln.
Standard status
Active
APN
57640
Size
4,000 SF
Lot size
5.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ABS: 26 SUR: JOHN G KING 5.5960 AC.
Tax Annual Amount
4572
Legal Description
ABS: 26 SUR: JOHN G KING 5.5960 AC.
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
2022
Floors in Building
1
Flooring type
Concrete
Building materials
FoamInsulation, Frame, MetalSiding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Anders Pierce Realty, LLC
(830) 214-6002
Listed By:
Heath Anders · License #0498440
(830) 534-8811
Added: Feb 4
Changed: Aug 4
Last Checked: Aug 14 at 9:06AM
MLS# 603616
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.
This 4,000-square-foot flex property, built in 2022, provides a climate-controlled setting for shop, warehouse, and storage operations. The insulated metal-sided building includes approximately 3,600 square feet of open work area and about 330 square feet of unfinished office or apartment space with plumbing provisions for water fixtures. Interior features include concrete flooring, central heating and air conditioning, electrical service, lighting, and a bathroom.
A 12-foot overhead door supports equipment and material access, while a carport adds covered exterior utility. The property includes more than five acres of yard area, offering substantial outdoor storage and work space. It is situated outside the city limits of Seguin and has a metal roof, frame construction, and a recently installed septic system.
A 12-foot overhead door supports equipment and material access, while a carport adds covered exterior utility. The property includes more than five acres of yard area, offering substantial outdoor storage and work space. It is situated outside the city limits of Seguin and has a metal roof, frame construction, and a recently installed septic system.
Key Highlights
- 4,000‑square‑foot flex building constructed in 2022
- Approximately 3,600 SF of open shop and warehouse area
- About 330 SF of unfinished office or apartment space plumbed for water fixtures
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
$42,120
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
6.48%
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%
$842,400
$842.4K
Cap Rate 7%
$601,714
$601.7K
Cap Rate 9%
$468,000
$468.0K
Market Conditions
NOI Build-Up for 4,000 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
$72.0K $18.00/SF
− Vacancy
−$7.2K −$1.80/SF
EGI
$64.8K $16.20/SF
− OpEx
−$22.7K −$5.67/SF
NOI
$42.1K $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%
$842,400
Cap Rate 7%
$601,714
Cap Rate 9%
$468,000
Alternative Uses
Best Use
Flex RnD
$601.7K
$526.5K – $702.0K
NOI $42,120 @ 7.0% cap · market cap 6.48%
Second Best
Warehouse
$415.3K
$363.4K – $484.5K
NOI $29,070 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$1.05M
$918.0K – $1.22M
NOI $73,440 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Well-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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Insulated commercial space combines open shop area, unfinished office or apartment space, and a large outdoor yard.
Where is this flex space located?
The property is located at 140 Thunderbird Lane Seguin, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,000‑square‑foot flex building constructed in 2022; Approximately 3,600 SF of open shop and warehouse area; About 330 SF of unfinished office or apartment space plumbed for water fixtures
