Office Unit with Mixed
1628 AQUARENA SPRINGS SAN MARCOS TX 78666, San Marcos, TX 78666
For Sale
Contact for pricing
Built in 1983, the property offers an office setup and mixed zoning.
Property Size1,122 SF
Price / SF$1.74
Days on Market70
Property Features for 1628 AQUARENA SPRINGS SAN MARCOS TX 78666
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Highway Access
Building Details
Year Built
Stories
Listing Agency:
Hot Spots Locating
(512) 805-7768
Listed By:
Jason Sparks · License TX #0553210
(512) 964-2829
Source:
Kwsanantonio
Added: Sep 2
Changed: Nov 5
Last Checked: Nov 8 at 2:08AM
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 was built in 1983 and carries mixed zoning. The property is configured for office use, with another stated option available without further specifications.
Located on Aquarena Springs Drive at the main entrance to San Marcos, the property is minutes from I-35 and Texas State. Its position provides convenient access to those established destinations.
Located on Aquarena Springs Drive at the main entrance to San Marcos, the property is minutes from I-35 and Texas State. Its position provides convenient access to those established destinations.
Key Highlights
- Office unit built in 1983
- Mixed zoning designation
- Located on Aquarena Springs Drive
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,755
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
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$439.7K
$384.7K – $513.0K
NOI $30,777 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway 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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office Units in San Marcos
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Built in 1983, the property offers an office setup and mixed zoning.
Where is this office unit located?
The property is located at 1628 AQUARENA SPRINGS SAN MARCOS TX 78666 San Marcos, TX.
What are key features of this property?
This property features: Office unit built in 1983; Mixed zoning designation; Located on Aquarena Springs Drive
