Mixed-Use Property with
For Sale
Contact for pricing
315 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 Market80
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Property Features for 315 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: Oct 6
Last Checked: Oct 14 at 8:40PM
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 / Yr
$17,010
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
681
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
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 315 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
