Office Unit with
For Sale
$374,999
1628 Aquarena Springs Dr, San Marcos, TX 78666
Office space with dedicated parking and a flexible setup for alternative use.
Property Size1,122 SF
Price / SF$334.22
Days on Market81
Property Features for 1628 Aquarena Springs Dr
General Information
Standard status
Active
Size
1,122 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1983
Listing Agency:
Hot Spots Locating
Listed By:
Jason Sparks (512) 805-7768 · License #0553210
(512) 964-2829
Source:
Homeguidecentraltexas
Added: Aug 5
Changed: Oct 1
Last Checked: Oct 23 at 7:20AM
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 Hot Spots Locating
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Investment Insights
Based on property information with market context.
This office unit at 1628 Aquarena Springs Drive includes vinyl and wood interior finishes and was built in 1983. The space is presented with an office setup, while the source information also identifies flexibility for another use. Eight parking spaces serve the property.
The property is positioned on Aquarena Springs Drive at the main entrance to San Marcos, with access to I-35 and Texas State University within minutes. The site is served by a city road, providing a straightforward setting for office occupancy or an alternate configuration.
The property is positioned on Aquarena Springs Drive at the main entrance to San Marcos, with access to I-35 and Texas State University within minutes. The site is served by a city road, providing a straightforward setting for office occupancy or an alternate configuration.
Key Highlights
- Eight parking spaces included
- Vinyl and wood interior finishes
- Built in 1983
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,755
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,100
$535.1K
Cap Rate 7%
$382,214
$382.2K
Cap Rate 9%
$297,278
$297.3K
Market Conditions
NOI Build-Up for 1,122 SF
Gross rent
$47.1K $42.00/SF
− Vacancy
−$11.5K −$10.21/SF
EGI
$35.7K $31.79/SF
− OpEx
−$8.9K −$7.95/SF
NOI
$26.8K $23.85/SF
Area
Hays County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,100
Cap Rate 7%
$382,214
Cap Rate 9%
$297,278
Alternative Uses
Best Use
Office B
$382.2K
$334.4K – $445.9K
NOI $26,755 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.0K
$410.4K – $547.2K
NOI $32,832 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
661
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office space with dedicated parking and a flexible setup for alternative use.
Where is this office unit located?
The property is located at 1628 Aquarena Springs Dr San Marcos, TX.
What is the asking price?
The asking price for this property is $374,999.
What are key features of this property?
This property features: Eight parking spaces included; Vinyl and wood interior finishes; Built in 1983
