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    San Marcos Industrial Property on I-35 Title is generated by Realmo AI

    1942 S Interstate 35, San Marcos, TX 78666

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    For Sale
    $10,500,000

    Shallow-bay industrial space on 10.83 acres near Austin.

    Type:Warehouse
    Property size:
    124,032 SF
    Lot size:
    10.83 Acres
    Price / SF:
    $84/SF
    Added:
    Apr 3, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 3 at 5:08 am

    Property Features for 1942 S Interstate 35

    General Information

    Standard status
    Active
    Size
    124,032 SF
    Lot size
    10.83 Acres
    Property subtype
    Warehouse

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Adam Abushagur
    Adam Abushagur

    Listing agent Adam Abushagur License #License(s): TX: 661916

    Listing office Marcus & Millichap | Dallas

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Marcus & Millichap | Dallas

    HighLights

    • Value‑add opportunity with 81.4% occupancy and below‑market average rent of $7.20 per square foot.
    • Strategic location on Interstate 35 with high traffic (over 100,000 cars daily).
    • Located in San Marcos, the eighth‑fastest‑growing city in America.
    • Includes a 2.61‑acre lot for future development.
    • Shallow‑bay industrial space totaling 124,032 square feet with 16’ clear height, dock‑high and grade‑level doors, and three‑phase heavy power.
    • Proximity to the robust economies of both Austin and San Antonio.

    Overview

    The property at 1942 South Interstate 35 in San Marcos, Texas, is anchored by Arlington Recycle Warehouse. The multi-tenant asset consists of approximately 124,032 square feet of shallow-bay industrial space on 10.83 acres of land. The property features five units, a clear height of 16 feet, 11 dock-high doors, and seven grade-level doors. It also includes a wet sprinkler system, metal construction and roofing, and three-phase heavy power with 400 amps. Situated behind the neighboring Holiday Inn is a 2.61-acre lot that can be used for future development. The property is strategically positioned along Interstate 35, connecting Austin and San Antonio, with an average of over 100,000 cars passing by daily. The property is located 33 miles southwest of Downtown Austin and 46 miles northeast of Downtown San Antonio. The occupancy rate is 81.4 percent at an average of $7.20 per square foot.
    Location Intelligence

    Current Use by Public Records

    Fragoso Auto & Truck ... Big Box & Wholesale Store RTF Systems Furniture & Home Goods Builders Alliance LLC Corporate Office Cotechno Group Inc Factory Applied Materials Warehouse Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Diane Portal Self Storage Facility — 700 Barnes Dr, San Marcos, TX 78666

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    Hays
    State
    Texas
    Longitude
    -97.902382
    Latitude
    29.904769

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    FAQs

    What type of property is this?
    Warehouse - Shallow-bay industrial space on 10.83 acres near Austin.
    Where is this warehouse located?
    The property is located at 1942 S Interstate 35 San Marcos, TX.
    What is the asking price?
    The asking price for this property is $10,500,000.
    What are key features of this property?
    This property features: Value‑add opportunity with 81.4% occupancy and below‑market average rent of $7.20 per square foot.; Strategic location on Interstate 35 with high traffic (over 100,000 cars daily).; Located in San Marcos, the eighth‑fastest‑growing city in America.
    (972) 755-5223
    We can help!
    Listing Contact
    Adam Abushagur
    Adam Abushagur
    Real Estate License ID: License(s): TX: 661916
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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