Class A Office
For Sale
$2,650,000
330 Wonder World Dr 300, San Marcos, TX 78666
Modern office building in growing San Marcos location.
Property Size7,783 SF
Lot Size0.75 Acres
Price / SF$340.49
Days on Market165
Property Features for 330 Wonder World Dr 300
General Information
Standard status
Active
Size
7,783 SF
Lot size
0.75 Acres
Property subtype
Commercial
Building Details
Year Built
2020
Listing Agency:
Jenny Frisbie, BROKER
(512) 757-3723
Listed By:
Jenny Frisbie · License #0471567
(512) 757-3723
Source:
Elliman
Added: Mar 11
Changed: Jul 6
Last Checked: Aug 22 at 9:06AM
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 Jenny Frisbie, BROKER
Investment Insights
Based on property information with market context.
This Class A office building, constructed in 2020, offers 7,783 square feet of space across three levels, accessible by elevator or stairs. The property features multiple balconies providing views. The first and second floors include a combination of individual offices, conference and open areas, kitchen and break areas, and restrooms. The third floor contains a common area and two large offices, each with a private bathroom. The property includes 33 parking spaces and landscaping with a sprinkler system. Building and road signage space is available. The location is approximately one-half mile from IH 35, situated in the center of the rapidly growing San Marcos area.
Key Highlights
- 7,783 sq ft of Class A space built in 2020
- Excellent location 1/2 mile from IH 35 in growing San Marcos
- Three levels with elevator access
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
$185,590
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
7.00%
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%
$3,711,800
$3.7M
Cap Rate 7%
$2,651,286
$2.7M
Cap Rate 9%
$2,062,111
$2.1M
Market Conditions
NOI Build-Up for 7,783 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
$326.9K $42.00/SF
− Vacancy
−$79.4K −$10.21/SF
EGI
$247.5K $31.79/SF
− OpEx
−$61.9K −$7.95/SF
NOI
$185.6K $23.85/SF
Area
Hays County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
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%
$3,711,800
Cap Rate 7%
$2,651,286
Cap Rate 9%
$2,062,111
Alternative Uses
Best Use
Office B
$2.65M
$2.32M – $3.09M
NOI $185,590 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.85M – $3.80M
NOI $227,744 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
823
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Modern office building in growing San Marcos location.
Where is this office building located?
The property is located at 330 Wonder World Dr 300 San Marcos, TX.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 7,783 sq ft of Class A space built in 2020; Excellent location 1/2 mile from IH 35 in growing San Marcos; Three levels with elevator access
