Unrestricted Highway Retail &
16870 N Highway 123, San Marcos, TX 78666
New
SINGLE_FAMILY - San Marcos, TX
Type:Office
Property size:
2,000 SFLot size:
0.43 AcresPrice / SF:
$275/SF- Added:
- Jul 5, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 6 at 3:06 pm
Property Features for 16870 N Highway 123
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- RV, Driveway, Special Needs
- Exterior features
- PropaneTankOwned
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 64207
- Size
- 2,000 SF
- Lot size
- 0.43 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- ABS: 147 SUR: CHARLES HENDERSON 0.4280 AC.
- Tax Annual Amount
- 2526
Utilities
- Utilities
- Propane
- Sewer type
- Septic Tank, Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1975
- Floors in Building
- 1
- Flooring type
- Tile, Carpet
- Building materials
- Masonry, Stucco, WoodSiding
- Roof type
- Metal
Listing agent Thomas Yankovoy License #0298005 (512) 450-4373
Listing office Sundance Homes & Realty P.O. Box 2328, TX (512) 450-4373
Listing date Jul 5, 2026
MLS# 618724
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.
HighLights
- Unrestricted commercial property on 0.43 acres just southeast of San Marcos on Hwy 123 (toward Seguin)
- 2,000 SF building with 3 rooms, 1 full‑size kitchen, and 2 bathrooms (year built 1975)
- Behind the building: existing MH/RV space with utility hookups
- On‑site utilities include Bluebonnet Electric and Crystal Clear Water; propane tank owned
- Metal roof; central air conditioning with electric heating and two separate A/C units
- Asphalt parking lot plus large highway display sign; includes separate large storage building
Overview
An unrestricted commercial property totaling 0.428 acres featuring a 2,000 SF main building with three rooms, a full-size kitchen, and two bathrooms. The site includes an asphalt parking lot, a separate large storage building, and a rear garden or patio area. A designated MH/RV space is located behind the main building with utility hookups already in place, along with a propane tank. The property is equipped with two separate A/C units and utilities are provided through Bluebonnet Electric and Crystal Clear Water.
The property is situated just southeast of San Marcos along Highway 123, on the road toward Seguin. The location is described as being in a major growth corridor with a reported 16,000+ vehicle traffic count per day. The remarks also note that it sits near the entrance to the new Sedona South master planned residential community, including 541 acres, approximately 3,000 new homes, and 100 acres of commercial and multifamily development.
With its flexible configuration and unrestricted status, the building and supporting site improvements can support a range of business and community uses, including office, retail and service operations, church use, restaurant concepts, and other local commercial activities. The presence of covered utility hookups and an MH/RV area may also appeal to operators seeking an all-in-one setup with on-site storage and parking. Immediate move-in is available, and the property is offered for sale, with additional terms also referenced in the remarks.
The property is situated just southeast of San Marcos along Highway 123, on the road toward Seguin. The location is described as being in a major growth corridor with a reported 16,000+ vehicle traffic count per day. The remarks also note that it sits near the entrance to the new Sedona South master planned residential community, including 541 acres, approximately 3,000 new homes, and 100 acres of commercial and multifamily development.
With its flexible configuration and unrestricted status, the building and supporting site improvements can support a range of business and community uses, including office, retail and service operations, church use, restaurant concepts, and other local commercial activities. The presence of covered utility hookups and an MH/RV area may also appeal to operators seeking an all-in-one setup with on-site storage and parking. Immediate move-in is available, and the property is offered for sale, with additional terms also referenced in the remarks.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.0k | $42.00 |
| − Vacancy | −$20.4k | −$10.21 |
| EGI | $63.6k | $31.79 |
| − OpEx | −$15.9k | −$7.95 |
| NOI | $47.7k | $23.85 |
2,000 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$681.3K
$596.1K – $794.9K
NOI $47,691 @ 7.0% cap · market cap 8.67%
Second Best
Retail
$503.1K
$440.2K – $586.9K
NOI $35,216 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$836.1K
$731.6K – $975.4K
NOI $58,524 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- San Marcos
- County
- Hays
- State
- Texas
- Longitude
- -97.9453082
- Latitude
- 29.8017582
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Unrestricted 2,000 SF building with highway visibility, parking, kitchen, and an MH/RV hookup area.
Where is this flex space located?
The property is located at 16870 N Highway 123 San Marcos, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Unrestricted commercial property on 0.43 acres just southeast of San Marcos on Hwy 123 (toward Seguin); 2,000 SF building with 3 rooms, 1 full‑size kitchen, and 2 bathrooms (year built 1975); Behind the building: existing MH/RV space with utility hookups
