White-Box Retail
For Sale
Contact for pricing
1504 Aquarena Springs Drive 203, San Marcos, TX 78666
Flexible commercial suite with a clean interior ready for tenant improvements and business-specific customization.
Property Size1,000 SF
Price / SF$2.67
Days on Market48
Property Features for 1504 Aquarena Springs Drive 203
General Information
Standard status
Active
Size
1,000 SF
Additional Details
Furnished
No
Listing Agency:
Vance J. Elliott
(512) 353-3002
Listed By:
Cari Patterson · License #0416464
(512) 423-0698
Source:
Cornerstone-properties
Added: Sep 6
Changed: Oct 13
Last Checked: Oct 20 at 7:58PM
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 Vance J. Elliott
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Investment Insights
Based on property information with market context.
This retail suite at Aquarena Plaza offers approximately 1,000 square feet in a white-box condition, providing a clean starting point for interior buildout. The open, adaptable layout can be configured for retail, office, professional services, boutique, studio, or other commercial uses subject to applicable zoning and plaza requirements.
The property is located at 1504 Aquarena Springs Drive in San Marcos, with access to major roads and proximity to Texas State University, residential areas, shopping, dining, and established businesses. Its plaza setting supports a range of customer-facing and professional commercial concepts while allowing the interior to be tailored to the occupant’s needs.
The property is located at 1504 Aquarena Springs Drive in San Marcos, with access to major roads and proximity to Texas State University, residential areas, shopping, dining, and established businesses. Its plaza setting supports a range of customer-facing and professional commercial concepts while allowing the interior to be tailored to the occupant’s needs.
Key Highlights
- Approximately 1,000 square feet of retail space
- White‑box condition supports a customized interior buildout
- Open, flexible layout for retail, office, studio, or professional service uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,608
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,160
$352.2K
Cap Rate 7%
$251,543
$251.5K
Cap Rate 9%
$195,644
$195.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$26.0K $26.04/SF
− Vacancy
−$885 −$0.89/SF
EGI
$25.2K $25.15/SF
− OpEx
−$7.5K −$7.55/SF
NOI
$17.6K $17.61/SF
Area
Hays County, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,160
Cap Rate 7%
$251,543
Cap Rate 9%
$195,644
Alternative Uses
Best Use
Office B
$340.7K
$298.1K – $397.4K
NOI $23,846 @ 7.0% cap · market cap 894.45%
Second Best
Retail
$251.5K
$220.1K – $293.5K
NOI $17,608 @ 7.0% cap · market cap 660.47%
Theoretical Best
Office A
$418.0K
$365.8K – $487.7K
NOI $29,262 @ 7.0% cap · market cap 1,097.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial suite with a clean interior ready for tenant improvements and business-specific customization.
Where is this retail space located?
The property is located at 1504 Aquarena Springs Drive 203 San Marcos, TX.
What are key features of this property?
This property features: Approximately 1,000 square feet of retail space; White‑box condition supports a customized interior buildout; Open, flexible layout for retail, office, studio, or professional service uses
