Historic Coworking
For Sale
$898,000
204 S Austin Street, Seguin, TX 78155
CommercialSale, Seguin, TX
Property Size4,954 SF
Lot Size0.10 Acres
Price / SF$181.27
Days on Market194
Property Features for 204 S Austin Street
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
Inner
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Seguin ISD
Middle school district
Seguin ISD
High school district
Seguin ISD
Directions
Down Austin St across from the Courthouse in Seguin
Standard status
Active
APN
27961
Size
4,954 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT: 2 & N 8.33 OF 3 BLK: 165 ADDN: INNER
Tax Annual Amount
8342
Legal Description
LOT: 2 & N 8.33 OF 3 BLK: 165 ADDN: INNER
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
conference room
private desk spaces
balcony
refreshment center
soundproof pods
WiFi
TVs
printing facilities
Building Details
Floors in Building
2
Flooring type
Concrete
Building materials
Masonry
Listing Agency:
Collab-RT Realty, LLC
(830) 481-2233
Listed By:
Ryan Parker · License #0652103
(830) 481-2233
Added: Feb 20
Changed: Aug 20
Last Checked: Sep 2 at 4:06AM
MLS# 552126
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,954-square-foot coworking property at 204 S Austin Street combines an open-concept layout with dedicated private desk areas on the upper level. Exposed brick, high ceilings, large windows, concrete flooring, and masonry construction contribute to the building’s historic industrial character. A conference room accommodates up to 20 people, while soundproof pods provide enclosed work areas. The upper-level desk area includes a balcony overlooking Austin Street.
Existing workplace infrastructure includes WiFi, televisions, printing facilities, and a shared refreshment center. The property is served by public water and public sewer and occupies 0.0973 acres in Seguin, Texas. Its combination of open collaborative areas, private workspaces, meeting capacity, and built-in technology supports continued coworking use.
Existing workplace infrastructure includes WiFi, televisions, printing facilities, and a shared refreshment center. The property is served by public water and public sewer and occupies 0.0973 acres in Seguin, Texas. Its combination of open collaborative areas, private workspaces, meeting capacity, and built-in technology supports continued coworking use.
Key Highlights
- 4,954‑square‑foot coworking property at 204 S Austin Street, Seguin, TX 78155
- Open‑concept layout with upper‑level private desk spaces and a balcony overlooking Austin Street
- Conference room accommodates up to 20 people
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,517
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,350,340
$1.4M
Cap Rate 7%
$964,529
$964.5K
Cap Rate 9%
$750,189
$750.2K
Market Conditions
NOI Build-Up for 4,954 SF
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.
Gross rent
$109.4K $22.08/SF
− Vacancy
−$19.4K −$3.91/SF
EGI
$90.0K $18.17/SF
− OpEx
−$22.5K −$4.54/SF
NOI
$67.5K $13.63/SF
Area
Guadalupe County, TX
Vacancy
17.70%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,350,340
Cap Rate 7%
$964,529
Cap Rate 9%
$750,189
Alternative Uses
Best Use
Office B
$964.5K
$844.0K – $1.13M
NOI $67,517 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,955 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
Explore this area
Business Placement
Demographics for 78155, TX
51,772
Population
21,791
Households
2.4
Avg Household Size
40
Median Age
22%
College-Educated
85%
High-School Grad
355.5 sq mi
ZIP Area
146
Density / Sq Mi
$71,367
Median Household Income
$38,985
Median Earnings
$1,149
Median Rent
$246,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Coworking space - Two-level workspace with private desks, conference capacity, balcony access, and technology infrastructure in a masonry building.
Where is this coworking space located?
The property is located at 204 S Austin Street Seguin, TX.
What is the asking price?
The asking price for this property is $898,000.
What are key features of this property?
This property features: 4,954‑square‑foot coworking property at 204 S Austin Street, Seguin, TX 78155; Open‑concept layout with upper‑level private desk spaces and a balcony overlooking Austin Street; Conference room accommodates up to 20 people
