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    Historic Retail-Office with Wood Floors Title is generated by Realmo AI

    2020 Old Ranch Road 12, San Marcos, TX 78666

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    Claim this Listing
    For Sale
    $400,000

    Character-filled space with original wood floors, suited for retail, office, or creative concepts near Texas State University.

    Property size:
    932 SF
    Price / SF:
    $429/SF
    Added:
    May 6, 2026
    Days on Market:
    37
    Last Refresh:
    Jun 11 at 4:40 am

    Property Features for 2020 Old Ranch Road 12

    General Information

    Standard status
    Active
    Size
    932 SF

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    Listing Contact
    Andrew James

    Listing agent Andrew James License #0436827

    Listing office Keller Williams Realty

    Listing date May 6, 2026

    Source Exprealty

    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 Keller Williams Realty

    HighLights

    • Character‑filled commercial space with original wood floors
    • Commercial zoning provides flexibility for multiple business uses
    • Suitable for retail, professional office, or creative mixed‑use concepts
    • Located near Texas State University and downtown San Marcos

    Overview

    This for-sale property offers old-world character with original wood floors, providing a distinct setting for retail, a professional office, or a creative mixed-use concept. The listing highlights significant renovation potential, with the existing “bones and character” positioned as a foundation for updates that preserve the property’s historic feel.

    The property is located in San Marcos and described as being near Texas State University and the downtown area. Its commercial zoning is noted in the materials, supporting continued commercial use and the ability to tailor the space to a tenant’s operating needs.

    For buyers looking for a flexible commercial space, the mix of original interior character and renovation opportunity may appeal to operators who want to differentiate their storefront or workspace. The configuration and zoning are presented as compatible with boutique retail, a cozy office environment, or a creative concept, with final fit depending on how the renovation and build-out are planned.

    Local 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 $39.1k $42.00
    − Vacancy −$9.5k −$10.21
    EGI $29.6k $31.79
    − OpEx −$7.4k −$7.95
    NOI $22.2k $23.85
    932 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $317.5K
    $277.8K – $370.4K (±1% cap)
    NOI $22,224 @ 7.0% cap · market cap 5.56%
    Second Best
    Retail
    $234.4K
    $205.1K – $273.5K (±1% cap)
    NOI $16,411 @ 7.0% cap · market cap 4.10%
    Theoretical Best
    Office A
    $389.6K
    $340.9K – $454.5K (±1% cap)
    NOI $27,272 @ 7.0% cap · market cap 6.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    San Marcos Computers Computer & Electronic Repair

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Pharmacy Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    Hays
    State
    Texas
    Longitude
    -97.9733409
    Latitude
    29.899139

    FAQs

    What type of property is this?
    Retail space - Character-filled space with original wood floors, suited for retail, office, or creative concepts near Texas State University.
    Where is this retail space located?
    The property is located at 2020 Old Ranch Road 12 San Marcos, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Character‑filled commercial space with original wood floors; Commercial zoning provides flexibility for multiple business uses; Suitable for retail, professional office, or creative mixed‑use concepts
    More about this property
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