Office Building with Expansion
For Sale
Contact for pricing
1428 North Walnut Avenue, New Braunfels, TX 78130
Efficient office configuration with rear surplus land and access to downtown, major thoroughfares, and nearby commercial areas.
Property Size1,360 SF
Price / SF$440.44
Days on Market71
Property Features for 1428 North Walnut Avenue
General Information
Standard status
Active
Size
1,360 SF
Class
B
Total Parking Spaces
10
Property subtype
Office
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
1956
Year Renovated
2015
Buildings
1
Tenancy
Single
Building Size
1,360 SF
Listing Agency:
SVN Traditions
Listed By:
Travis Taylor · License #TX 549653
(210) 391-4514
Source:
Crexi
Added: Aug 7
Changed: Oct 15
Last Checked: Oct 14 at 10:16PM
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 SVN Traditions
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Investment Insights
Based on property information with market context.
This 1,360-square-foot office building at 1428 North Walnut Avenue dates to 1956 and offers a compact, efficient configuration for office use. Rear surplus land provides room for potential building expansion, while the existing layout may accommodate immediate occupancy or future improvements.
The property is located in New Braunfels, Texas, with access to Downtown New Braunfels, major thoroughfares, and surrounding residential and commercial areas. Its setting near established businesses, services, and amenities supports convenient access for office operations and visitors.
The property is located in New Braunfels, Texas, with access to Downtown New Braunfels, major thoroughfares, and surrounding residential and commercial areas. Its setting near established businesses, services, and amenities supports convenient access for office operations and visitors.
Key Highlights
- 1,360 SF office building on 1428 North Walnut Avenue
- Rear surplus land provides potential for building expansion
- Built in 1956
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,535
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,700
$370.7K
Cap Rate 7%
$264,786
$264.8K
Cap Rate 9%
$205,944
$205.9K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$30.0K $22.08/SF
− Vacancy
−$5.3K −$3.91/SF
EGI
$24.7K $18.17/SF
− OpEx
−$6.2K −$4.54/SF
NOI
$18.5K $13.63/SF
Area
Comal County, TX
Vacancy
17.70%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,700
Cap Rate 7%
$264,786
Cap Rate 9%
$205,944
Alternative Uses
Best Use
Office B
$264.8K
$231.7K – $308.9K
NOI $18,535 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$346.9K
$303.6K – $404.7K
NOI $24,284 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 78130, TX
88,349
Population
40,810
Households
2.2
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
91.0 sq mi
ZIP Area
971
Density / Sq Mi
$84,426
Median Household Income
$45,253
Median Earnings
$1,525
Median Rent
$296,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Efficient office configuration with rear surplus land and access to downtown, major thoroughfares, and nearby commercial areas.
Where is this office building located?
The property is located at 1428 North Walnut Avenue New Braunfels, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,360 SF office building on 1428 North Walnut Avenue; Rear surplus land provides potential for building expansion; Built in 1956
