Mixed-Use Block Assemblage with
For Sale
$2,400,000
256 W Court, Seguin, TX 78155
Mixed-use property with retail, office, warehouse, and parking.
Property Size16,000 SF
Price / SF$150
Days on Market209
Property Features for 256 W Court
General Information
Standard status
Active
Size
16,000 SF
Total Parking Spaces
80
Property subtype
Commercial
Building Details
Year Built
1950
Stories
3
Listing Agency:
Windle Real Estate, LLC
(210) 509-4911
Listed By:
Wayne Windle (wwindle88@gmail.com) · License #0411504
(915) 203-6361
Source:
Sanantoniosfinestrealty
Added: Mar 27
Changed: Oct 6
Last Checked: Oct 20 at 8:03PM
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 Windle Real Estate, LLC
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Investment Insights
Based on property information with market context.
This full block assemblage includes 65 combined parking spaces and offers multiple street frontages. The property is currently configured with a mix of retail, office, warehouse, and storage areas. One parcel features an approximately 8,000 square foot paved parking lot with striping, landscaping, and curb and gutter. The main commercial building, located at 256 W. Court Street, contains approximately 16,000 square feet across three levels. The first floor includes a retail area with display windows, retail lighting, and terrazzo flooring. The second floor features multiple offices and conference/meeting rooms. Connected to the retail area is a warehouse/service area equipped with approximately five grade-level overhead doors, task lighting, heating units, compressor, and high-power outlets. The basement level includes approximately 4,700 square feet of conditioned space with additional offices and work/storage areas. Additional features include an enclosed outdoor storage area and approximately 15 parking spaces serving the retail portion. The property is located across from the county parking garage, near the Seguin Area Chamber of Commerce, and approximately two blocks from the downtown square. The total property size is 18,960 square feet.
Key Highlights
- Full block assemblage with multiple street frontages.
- 65 combined parking spaces, including an 8,000 sq ft paved parking lot.
- Main commercial building with approximately 16,000 sq ft across three levels (retail, office, warehouse).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$218,062
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,361,240
$4.4M
Cap Rate 7%
$3,115,171
$3.1M
Cap Rate 9%
$2,422,911
$2.4M
Market Conditions
NOI Build-Up for 16,000 SF
Gross rent
$353.3K $22.08/SF
− Vacancy
−$62.5K −$3.91/SF
EGI
$290.7K $18.17/SF
− OpEx
−$72.7K −$4.54/SF
NOI
$218.1K $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 Rate 5%
$4,361,240
Cap Rate 7%
$3,115,171
Cap Rate 9%
$2,422,911
Alternative Uses
Best Use
Office B
$3.12M
$2.73M – $3.63M
NOI $218,062 @ 7.0% cap · market cap 9.09%
Second Best
Retail
$3.06M
$2.68M – $3.57M
NOI $214,180 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$4.20M
$3.67M – $4.90M
NOI $293,760 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
917
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
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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?
Mixed-use property - Mixed-use property with retail, office, warehouse, and parking.
Where is this mixed-use property located?
The property is located at 256 W Court Seguin, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Full block assemblage with multiple street frontages.; 65 combined parking spaces, including an **8,000 sq ft paved parking lot.**; Main commercial building with approximately **16,000 sq ft** across three levels (retail, office, warehouse).
