321 S Lbj Drive, San Marcos, TX 78666
COMMERCIAL - San Marcos, TX
- Added:
- May 28, 2025
- Days on Market:
- 377
- Last Refresh:
- Jun 8 at 2:06 pm
Property Features for 321 S Lbj Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Interior features
- PullDownAtticStairs
- Standard status
- Active
- APN
- R32215
- Size
- 2,962 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- D P HOPKINS II LOT 11A BLK 1 0.3051 AC
- Tax Annual Amount
- 6228
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Hardwood, Unfinished, Linoleum
- Building materials
- Clapboard, LapSiding
- Roof type
- Composition, Shingle
Listing agent Linda Jalufka License #0637535 (512) 757-4850
Listing office The Damron Group REALTORS 406 Harvey Steet, San Marcos, TX (512) 392-7653
Listing date May 28, 2025
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Historic building originally built in 1878, later moved to its current location and brought to commercial code in 1988
- Zoned Downtown Character District 5 with potential for commercial mix uses including retail, office, residential, and short‑term rental
- Location noted as one block from the County Courthouse square and 4 blocks from the TX State campus
- Interior includes pull‑down attic stairs; flooring includes hardwood, linoleum, and unfinished flooring
- Utilities and systems include public water, central heating, and central air conditioning
- Exterior materials include clapboard and lap siding, with a composition shingle roof
Overview
Located at 321 S LBJ Drive in San Marcos, it sits about one block from the County Courthouse square and roughly four blocks from the TX State campus. The property is zoned for the Downtown Character District 5, which supports a range of commercial and related uses.
The building’s established presence in a walkable, central area and its Downtown Character District zoning make it worth considering for operators seeking a distinctive setting for retail, office, or other downtown-compatible concepts, including residential and short-term rental possibilities as allowed by the zoning framework. Prospective tenants, owners, and investors should verify specific permitted uses and requirements under Downtown Character District 5.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.4k | $42.00 |
| − Vacancy | −$30.2k | −$10.21 |
| EGI | $94.2k | $31.79 |
| − OpEx | −$23.5k | −$7.95 |
| NOI | $70.6k | $23.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- San Marcos
- County
- Hays
- State
- Texas
- Longitude
- -97.939164
- Latitude
- 29.8786874
