2043 Spur St New Braunfels, TX 78130
Commercial land
Type:Commercial/Industrial
Property size:
1,071 SFLot size:
0.17 AcresPrice / SF:
$266/SF- Added:
- Jan 8, 2025
- Days on Market:
- 547
- Last Refresh:
- Apr 5 at 10:58 pm
Property Features for 2043 Spur St
General Information
- Standard status
- Active
- Size
- 1,071 SF
- Lot size
- 0.17 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1950
Listing office Weichert, REALTORS - Corwin & Associates (830) 632-5725
Listing date Jan 8, 2025
Source Exitrealty
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 Weichert, REALTORS - Corwin & Associates
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location on a bustling street in New Braunfels.
- C3 commercial zoning allows for business use or redevelopment.
- Potential for transformation into office, retail, or mixed‑use space.
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 | $23.6k | $22.08 |
| − Vacancy | −$4.2k | −$3.91 |
| EGI | $19.5k | $18.17 |
| − OpEx | −$4.9k | −$4.54 |
| NOI | $14.6k | $13.63 |
1,071 SF · lease $22.08/SF/yr · vacancy 17.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$208.5K
$182.5K – $243.3K
NOI $14,597 @ 7.0% cap · market cap 5.12%
Second Best
Retail
$204.8K
$179.2K – $239.0K
NOI $14,337 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$273.2K
$239.1K – $318.7K
NOI $19,124 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
Where is this commercial land located?
The property is located at 2043 Spur St New Braunfels, TX.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Prime location on a bustling street in New Braunfels.; C3 commercial zoning allows for business use or redevelopment.; Potential for transformation into office, retail, or mixed‑use space.
