Adaptive Reuse Hospitality
For Sale
Contact for pricing
1801 Uhland Rd, San Marcos, TX 78666
Older structure with recent updates and utility infrastructure, suited to multiple hospitality and group living concepts subject to approvals.
Property Size4,058 SF
Price / SF$240.27
Days on Market50
Property Features for 1801 Uhland Rd
General Information
Standard status
Active
Size
4,058 SF
Property subtype
Special Purpose
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2026
Listing Agency:
Asterra Properties
(512) 825-6287
Listed By:
Andrew Karr · License #TX 0586116
Source:
Crexi
Added: Jun 16
Changed: Jul 10
Last Checked: Aug 3 at 3:37PM
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 Asterra Properties
Investment Insights
Based on property information with market context.
This offering is a distinctive hospitality and adaptive-reuse property built with an older structure that has undergone recent updates. The existing layout has historically operated in a group-house/fraternity-style capacity, which may support uses requiring a more communal or lodging-oriented configuration. The site also benefits from utility infrastructure intended to help reduce development friction for a range of experiential and hospitality concepts.
The property’s defining characteristic is its potential to serve a specific vision for adaptive reuse. Buyers should plan for due diligence with the appropriate governmental authorities, including zoning, floodplain regulations, parking requirements, building code compliance, fire/life-safety standards, and permitting considerations. Any intended use will need to be verified through the required municipal process.
From a practical standpoint, the improvements and utilities make this property more than a raw redevelopment shell for an operator or developer looking to reimagine an existing facility. The site may fit lodging, boutique hospitality, retreats, event-oriented use, group living, and other adaptive-reuse programming, depending on the approvals granted. Prospective buyers are encouraged to confirm feasibility for their specific concept during the entitlement and permitting process.
The property’s defining characteristic is its potential to serve a specific vision for adaptive reuse. Buyers should plan for due diligence with the appropriate governmental authorities, including zoning, floodplain regulations, parking requirements, building code compliance, fire/life-safety standards, and permitting considerations. Any intended use will need to be verified through the required municipal process.
From a practical standpoint, the improvements and utilities make this property more than a raw redevelopment shell for an operator or developer looking to reimagine an existing facility. The site may fit lodging, boutique hospitality, retreats, event-oriented use, group living, and other adaptive-reuse programming, depending on the approvals granted. Prospective buyers are encouraged to confirm feasibility for their specific concept during the entitlement and permitting process.
Key Highlights
- Year built: 2026
- Older existing structure with recent updates
- Previously used as a group‑house/fraternity‑style layout, which may support lodging or group living concepts
Financial Insights For Hotel Hospitality
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 | $87.7k | $21.60 |
| − Vacancy | −$10.5k | −$2.59 |
| EGI | $77.1k | $19.01 |
| − OpEx | −$40.5k | −$9.98 |
| NOI | $36.6k | $9.03 |
4,058 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$523.4K
$458.0K – $610.7K
NOI $36,639 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,744 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
131
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Resort - Older structure with recent updates and utility infrastructure, suited to multiple hospitality and group living concepts subject to approvals.
Where is this resort located?
The property is located at 1801 Uhland Rd San Marcos, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Year built: 2026; Older existing structure with recent updates; Previously used as a group‑house/fraternity‑style layout, which may support lodging or group living concepts
