Modern Office Condo
1996 Schertz Pkwy Unit 404 Schertz, TX 78154
For Sale
$290,000
Office condo built in 2020, offering modern workspace in Schertz.
Property Size880 SF
Price / SF$329.55
Days on Market114
Property Features for 1996 Schertz Pkwy Unit 404
General Information
- Standard status
- Active
- Size
- 880 SF
- Property subtype
- Office
Building Details
- Year Built
- 2020
Listing Agency:
Caisson Real Estate Brokerage, LLC
(210) 552-4071
Listed By:
Adam Lippstone · License #TX #751039
Source:
Caissonre
Added: Apr 1
Changed: Jul 23
Last Checked: Jul 23 at 5:05PM
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 Caisson Real Estate Brokerage, LLC
Investment Insights
Based on property information with market context.
1996 Schertz Pkwy Unit 404 is an office condo built in 2020 with 880 SF of office space. The unit is presented as a modern, purpose-built workspace within the building.
The property is located in Schertz, Texas and is available for sale.
As an office condominium, Unit 404 offers a dedicated, controlled space for office use within the broader property.
The property is located in Schertz, Texas and is available for sale.
As an office condominium, Unit 404 offers a dedicated, controlled space for office use within the broader property.
Key Highlights
- 880 SF office condo built in 2020
- Modern, purpose‑built office space
- Located in Schertz, TX (1996 Schertz Pkwy, Unit 404)
Financial Insights For Office B
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 | $19.4k | $22.08 |
| − Vacancy | −$3.4k | −$3.91 |
| EGI | $16.0k | $18.17 |
| − OpEx | −$4.0k | −$4.54 |
| NOI | $12.0k | $13.63 |
880 SF · lease $22.08/SF/yr · vacancy 17.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$171.3K
$149.9K – $199.9K
NOI $11,993 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.8K
$202.0K – $269.3K
NOI $16,157 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Steven Garza - State ...
Insurance Agency
Hard Money Lenders ...
Loan Service
HOPE Therapeutic Alliance
Crisis Center
Brandi Martin Licensed ...
Counselor
Glam House Aesthetics
Spa & Massage Center
FAQs
What type of property is this?
Office units - Office condo built in 2020, offering modern workspace in Schertz.
Where is this office units located?
The property is located at 1996 Schertz Pkwy Unit 404 Schertz, TX.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 880 SF office condo built in 2020; Modern, purpose‑built office space; Located in Schertz, TX (1996 Schertz Pkwy, Unit 404)
