Office Building with Private
For Sale
$649,900
223 Lucinda, New Braunfels, TX 78130
Flexible office layout includes reception, storage, dual HVAC, wired workspaces, and ADA access.
Property Size3,000 SF
Price / SF$216.63
Days on Market63
Property Features for 223 Lucinda
General Information
Standard status
Active
Size
3,000 SF
Additional Details
Highway Access
Yes
Amenities
private offices
reception area
storage
dual HVAC system
ADA accessibility
high-speed internet
phone connectivity
Building Details
Year Built
2001
Tenancy
Single
Listing Agency:
Real Broker, LLC
Listed By:
Charles Gallagher · License #0812509
(210) 259-7317
Source:
Texashomeguide
Added: Aug 12
Changed: Oct 8
Last Checked: Oct 7 at 4:00PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
The 3,000-square-foot office property, built in 2001, provides eight private offices, a reception area, dedicated storage, and dual HVAC. Each office is wired for high-speed internet and telephone service, with an existing telephone system in place. The layout can support 2–4 desks per office and is suitable for an owner-user or individual suite leasing. ADA accessibility and 10+ parking spaces add practical functionality.
Located at 223 Lucinda in New Braunfels, the property is near Hwy 46, I-35, and IH-10, with access to downtown New Braunfels as well as San Antonio and Austin. It is situated within a small industrial park and is currently leased through May 31, 2027. The stated office-use possibilities include childcare, real estate, title, loan, medical, sales, and general office operations.
Located at 223 Lucinda in New Braunfels, the property is near Hwy 46, I-35, and IH-10, with access to downtown New Braunfels as well as San Antonio and Austin. It is situated within a small industrial park and is currently leased through May 31, 2027. The stated office-use possibilities include childcare, real estate, title, loan, medical, sales, and general office operations.
Key Highlights
- 3,000‑square‑foot office property built in 2001
- Eight private offices with reception area and dedicated storage
- Dual HVAC and wiring for high‑speed internet and phone connectivity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,887
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,740
$817.7K
Cap Rate 7%
$584,100
$584.1K
Cap Rate 9%
$454,300
$454.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$66.2K $22.08/SF
− Vacancy
−$11.7K −$3.91/SF
EGI
$54.5K $18.17/SF
− OpEx
−$13.6K −$4.54/SF
NOI
$40.9K $13.63/SF
Area
Comal 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 Rate 5%
$817,740
Cap Rate 7%
$584,100
Cap Rate 9%
$454,300
Alternative Uses
Best Use
Office B
$584.1K
$511.1K – $681.5K
NOI $40,887 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$765.2K
$669.6K – $892.8K
NOI $53,567 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
Business Placement
Demographics for 78130, TX
88,349
Population
40,810
Households
2.2
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
91.0 sq mi
ZIP Area
971
Density / Sq Mi
$84,426
Median Household Income
$45,253
Median Earnings
$1,525
Median Rent
$296,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Flexible office layout includes reception, storage, dual HVAC, wired workspaces, and ADA access.
Where is this office building located?
The property is located at 223 Lucinda New Braunfels, TX.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 3,000‑square‑foot office property built in 2001; Eight private offices with reception area and dedicated storage; Dual HVAC and wiring for high‑speed internet and phone connectivity
