NNN-Leased Office
New
For Sale
$649,000
223 Lucinda, New Braunfels, TX 78130
Commercial Improved Prop, New Braunfels, TX
Property Size3,000 SF
Lot Size0.35 Acres
Price / SF$216.33
Days on Market1
Property Features for 223 Lucinda
General Information
Property type
Other
Property subtype
Office
Zoning
COMM/INDSRL
Accessibility
Accessible Approach with Ramp
Elementary school district
Comal
Middle school district
Comal
High school district
Comal
Subdivision
2707
Standard status
Active
APN
1G3365000300400000
Size
3,000 SF
Lot size
0.35 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Tax Annual Amount
1417
Utilities
Heating system
Central
Amenities
dual HVAC
ADA access
wired for internet and phone
dedicated storage
Building Details
Year built
2001
Floors in Building
2
Number of units
1
Roof type
Composition
Buildings
1
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Charles Gallagher · License #0812509
(214) 202-7615
Added: Nov 3
Last Checked: Nov 3 at 3:06PM
MLS# 1942731
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2001, this 3,000-square-foot office building contains eight private offices, a reception area, and dedicated storage on a 0.351-acre parcel. Each office has internet and phone wiring. The property also features dual HVAC, ramp access, and 11+ parking spaces. Zoning is COMM/INDSRL.
The building is leased on an NNN basis through May 31, 2027, and the tenant holds one renewal option. The tenant is responsible for taxes, insurance, CAM, and management under the lease. The property is at 223 Lucinda in New Braunfels, near Hwy 46, with access to IH-35 and IH-10.
The building is leased on an NNN basis through May 31, 2027, and the tenant holds one renewal option. The tenant is responsible for taxes, insurance, CAM, and management under the lease. The property is at 223 Lucinda in New Braunfels, near Hwy 46, with access to IH-35 and IH-10.
Key Highlights
- 3,000‑square‑foot office building on 0.351 acres
- Eight private offices, reception area, and dedicated storage
- 11+ parking spaces and ramp access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,887
Cap Rate
6.30%
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 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$765.2K
$669.6K – $892.8K
NOI $53,567 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Eight private offices, reception space, and dedicated storage accommodate a range of business functions.
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 $649,000.
What are key features of this property?
This property features: 3,000‑square‑foot office building on 0.351 acres; Eight private offices, reception area, and dedicated storage; 11+ parking spaces and ramp access
