Distribution Center with Loading
New
For Sale
$999,500
180 Spring Mountain, Canyon Lake, TX 78133
Metal industrial facility combines administrative offices with warehouse access, yard space, employee parking, and container storage.
Property Size8,440 SF
Lot Size1.58 Acres
Price / SF$111.28
Days on Market2
Property Features for 180 Spring Mountain
General Information
Standard status
Active
Size
8,440 SF
Lot size
1.58 Acres
Additional Details
Outdoor Storage
Yes
Building Details
Year Built
2008
Buildings
1
Building Size
8,440 SF
Construction
metal building
Listing Agency:
Anders Pierce Realty
Listed By:
Matthew Pierce · License #0565292
(512) 757-6224
Source:
Drialtor
Added: Sep 19
Last Checked: Sep 19 at 2:23PM
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 Anders Pierce Realty
Investment Insights
Based on property information with market context.
This distribution center includes an 8,440-square-foot metal building completed in 2008. The interior provides six office spaces for administrative and management functions, while nine high-clearance overhead doors support warehouse access and loading operations. The property also includes exterior yard space, employee parking, and on-site shipping container storage across 1.579 acres.
Located at 180 Spring Mountain in Canyon Lake, Texas, the property is identified within the New Braunfels area. Its combination of office accommodation, high-clearance loading access, outdoor storage, and parking supports distribution, logistics, and industrial operations.
Located at 180 Spring Mountain in Canyon Lake, Texas, the property is identified within the New Braunfels area. Its combination of office accommodation, high-clearance loading access, outdoor storage, and parking supports distribution, logistics, and industrial operations.
Key Highlights
- 8,440‑square‑foot metal building completed in 2008
- Six office spaces for administrative and management functions
- Nine high‑clearance overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,277
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,305,540
$1.3M
Cap Rate 7%
$932,529
$932.5K
Cap Rate 9%
$725,300
$725.3K
Market Conditions
NOI Build-Up for 8,982 SF
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.
Gross rent
$80.8K $9.00/SF
− Vacancy
−$4.0K −$0.45/SF
EGI
$76.8K $8.55/SF
− OpEx
−$11.5K −$1.28/SF
NOI
$65.3K $7.27/SF
Area
Comal County, TX
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,305,540
Cap Rate 7%
$932,529
Cap Rate 9%
$725,300
Alternative Uses
Best Use
Warehouse
$932.5K
$816.0K – $1.09M
NOI $65,277 @ 7.0% cap · market cap 6.53%
Second Best
Industrial
$768.0K
$672.0K – $896.0K
NOI $53,757 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,381 @ 7.0% cap · market cap 16.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 78133, TX
20,787
Population
11,208
Households
1.9
Avg Household Size
52
Median Age
33%
College-Educated
94%
High-School Grad
75.5 sq mi
ZIP Area
275
Density / Sq Mi
$80,777
Median Household Income
$45,470
Median Earnings
$1,236
Median Rent
$300,100
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Distribution center - Metal industrial facility combines administrative offices with warehouse access, yard space, employee parking, and container storage.
Where is this distribution center located?
The property is located at 180 Spring Mountain Canyon Lake, TX.
What is the asking price?
The asking price for this property is $999,500.
What are key features of this property?
This property features: 8,440‑square‑foot metal building completed in 2008; Six office spaces for administrative and management functions; Nine high‑clearance overhead doors
