Office Condominium Near
1920 Corporate Dr #A, San Marcos, TX 78666
For Sale
Contact for pricing
Professional office condominium in a commercial setting with convenient I-35 access.
Property Size957 SF
Price / SF$1.83
Days on Market53
Property Features for 1920 Corporate Dr #A
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Building Details
Year Built
Listing Agency:
Mahler Group
(254) 760-3489
Listed By:
Homecity Real Estate
(254) 939-3585
Source:
Homecity
Added: Sep 22
Changed: Nov 12
Last Checked: Nov 12 at 7:39AM
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 Mahler Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium provides 957 square feet of commercial office space within the Corporate Drive Condominiums. Built in 2008, the property offers a professional setting for an owner-user business or office operation.
The property is positioned near I-35 in San Marcos, with access to surrounding businesses and commercial developments. Its location supports convenient travel for clients, employees, and customers while placing the office within an established commercial area.
The property is positioned near I-35 in San Marcos, with access to surrounding businesses and commercial developments. Its location supports convenient travel for clients, employees, and customers while placing the office within an established commercial area.
Key Highlights
- 957 SF office condominium
- Built in 2008
- Located within Corporate Drive Condominiums
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,820
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,400
$456.4K
Cap Rate 7%
$326,000
$326.0K
Cap Rate 9%
$253,556
$253.6K
Market Conditions
NOI Build-Up for 957 SF
Gross rent
$40.2K $42.00/SF
− Vacancy
−$9.8K −$10.21/SF
EGI
$30.4K $31.79/SF
− OpEx
−$7.6K −$7.95/SF
NOI
$22.8K $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%
$456,400
Cap Rate 7%
$326,000
Cap Rate 9%
$253,556
Alternative Uses
Best Use
Office B
$326.0K
$285.3K – $380.3K
NOI $22,820 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$375.0K
$328.1K – $437.5K
NOI $26,251 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
648
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
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 - Professional office condominium in a commercial setting with convenient I-35 access.
Where is this office unit located?
The property is located at 1920 Corporate Dr #A San Marcos, TX.
What are key features of this property?
This property features: 957 SF office condominium; Built in 2008; Located within Corporate Drive Condominiums
