New Braunfels Industrial
For Sale
$999,500
180 Spring Mountain Dr, Canyon Lake, TX 78133
8,440 sq. ft. metal building on 1.579 acres.
Property Size8,982 SF
Lot Size1.58 Acres
Price / SF$118.42
Days on Market166
Property Features for 180 Spring Mountain Dr
General Information
Standard status
Active
Size
8,982 SF
Lot size
1.58 Acres
Property subtype
Commercial
Building Details
Building Size
8,982 SF
Year Built
2008
Stories
1
Listing Agency:
ANDERS PIERCE REALTY, LLC
(512) 757-6224
Listed By:
Matthew Pierce · License #0565292
(512) 757-6224
Source:
Elliman
Added: Mar 10
Changed: Aug 16
Last Checked: Aug 22 at 9:41AM
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, LLC
Investment Insights
Based on property information with market context.
This commercial property is located in the New Braunfels area and is suitable for distribution, logistics, or industrial operations. The property is situated on 1.579 acres and includes an 8,440 sq. ft. metal building designed to support administrative and operational needs. The interior features six office spaces and nine high-clearance overhead doors for loading, unloading, and warehouse functionality. The property also includes expansive yard space, employee parking, and on-site shipping container storage. This property is suitable for business expansion or relocation.
Key Highlights
- Strategic location in the thriving New Braunfels area, ideal for distribution, logistics, or industrial operations.
- 8,440 sq. ft. metal building designed for administrative and operational needs.
- Nine high‑clearance overhead doors for seamless loading, unloading, and warehouse functionality.
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
$61,338
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
6.14%
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%
$1,226,760
$1.2M
Cap Rate 7%
$876,257
$876.3K
Cap Rate 9%
$681,533
$681.5K
Market Conditions
NOI Build-Up for 8,440 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
$76.0K $9.00/SF
− Vacancy
−$3.8K −$0.45/SF
EGI
$72.2K $8.55/SF
− OpEx
−$10.8K −$1.28/SF
NOI
$61.3K $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%
$1,226,760
Cap Rate 7%
$876,257
Cap Rate 9%
$681,533
Alternative Uses
Best Use
Warehouse
$876.3K
$766.7K – $1.02M
NOI $61,338 @ 7.0% cap · market cap 6.14%
Second Best
Industrial
$721.6K
$631.4K – $841.9K
NOI $50,513 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,703 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CubeSmart Self Storage — 13825 FM306, Canyon Lake, TX 78133
Frequently Asked Questions
What type of property is this?
Warehouse - 8,440 sq. ft. metal building on 1.579 acres.
Where is this warehouse located?
The property is located at 180 Spring Mountain Dr 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: Strategic location in the thriving New Braunfels area, ideal for distribution, logistics, or industrial operations.; 8,440 sq. ft. metal building designed for administrative and operational needs.; Nine high‑clearance overhead doors for seamless loading, unloading, and warehouse functionality.
