Mixed-Use Property with
For Sale
Contact for pricing
312 Linda Drive, San Marcos, TX 78666
Existing improvements require TLC near the intersection of I-35 and Highway 80.
Property Size1,260 SF
Price / SF$416.67
Days on Market15
Property Features for 312 Linda Drive
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Retail, Mixed Use
Building Details
Buildings
1
Listing Agency:
KW Commercial Memorial
Listed By:
Eren Yesildas · License #657674
Source:
Crexi
Added: Jul 28
Changed: Aug 8
Last Checked: Aug 10 at 2:27PM
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 KW Commercial Memorial
Investment Insights
Based on property information with market context.
This mixed-use property includes an existing 1,260-square-foot structure configured with 2 bedrooms and 2 bathrooms. The improvements are being sold as-is and require TLC, with any renovation, redevelopment, or adaptive reuse subject to buyer verification and city approval. Zoning, permitted uses, signage rights, and applicable city requirements have not been established in the available property information.
An advertising billboard is visible from I-35, and the property is near the intersection of I-35 and Highway 80. The surrounding context includes Texas State University, retail centers, restaurants, and major transportation routes. The property address is 312 Linda Drive, San Marcos, TX 78666.
An advertising billboard is visible from I-35, and the property is near the intersection of I-35 and Highway 80. The surrounding context includes Texas State University, retail centers, restaurants, and major transportation routes. The property address is 312 Linda Drive, San Marcos, TX 78666.
Key Highlights
- 1,260 SF existing structure
- 2‑bedroom, 2‑bathroom configuration
- Sold as‑is and requires TLC
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
$17,010
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
3.24%
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%
$340,200
$340.2K
Cap Rate 7%
$243,000
$243.0K
Cap Rate 9%
$189,000
$189.0K
Market Conditions
NOI Build-Up for 1,260 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
$30.2K $24.00/SF
− Vacancy
−$3.0K −$2.40/SF
EGI
$27.2K $21.60/SF
− OpEx
−$10.2K −$8.10/SF
NOI
$17.0K $13.50/SF
Area
Hays County, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$340,200
Cap Rate 7%
$243,000
Cap Rate 9%
$189,000
Alternative Uses
Best Use
Mixed Use
$243.0K
$212.6K – $283.5K
NOI $17,010 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$526.7K
$460.9K – $614.5K
NOI $36,870 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 78666, TX
86,584
Population
36,354
Households
2.4
Avg Household Size
27
Median Age
35%
College-Educated
89%
High-School Grad
192.4 sq mi
ZIP Area
450
Density / Sq Mi
$55,478
Median Household Income
$25,890
Median Earnings
$1,294
Median Rent
$271,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing improvements require TLC near the intersection of I-35 and Highway 80.
Where is this mixed-use property located?
The property is located at 312 Linda Drive San Marcos, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,260 SF existing structure; 2‑bedroom, 2‑bathroom configuration; Sold as‑is and requires TLC
