Class A Office Building with
For Sale
$2,650,000
330 Wonder World Drive, San Marcos, TX 78666
COMMERCIAL - San Marcos, TX
Property Size7,783 SF
Lot Size0.75 Acres
Price / SF$340.49
Days on Market458
Property Features for 330 Wonder World Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC
Parking features
Driveway, Special Needs
Interior features
Attic
Accessibility
Accessible Approach with Ramp
Subdivision
Stagecoach Bus Park
Lot features
City Lot, Sprinkler Rain Sensor, Half To One Acre Lot, Sprinklers In Ground, Sprinklers Multiple Locations
Elementary school district
San Marcos Cisd
Middle school district
San Marcos Cisd
High school district
San Marcos Cisd
Directions
exit Wonder World Drive off of I35. Head towards Wimberley on Wonder World. Property will be on your left.
Standard status
Active
APN
R154961
Size
7,783 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
STAGECOACH BUSINESS PARK, LOT 7B, ACRES 0.748
Tax Annual Amount
35428
Legal Description
STAGECOACH BUSINESS PARK, LOT 7B, ACRES 0.748
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
balconies
views
finish out
kitchen/break areas
bathrooms
landscaping
signage space
Building Details
Year built
2020
Floors in Building
3
Flooring type
Concrete
Building materials
FoamInsulation, Masonry
Roof type
Metal
Listing Agency:
Jenny Frisbie, BROKER
(512) 757-3723
Listed By:
Jenny Frisbie · License #0471567
(512) 757-3723
Added: May 13, 2025
Changed: Aug 4
Last Checked: Aug 13 at 2:06AM
MLS# 579821
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.
Investment Insights
Based on property information with market context.
Constructed in 2020, this Class A office building offers 7,783 square feet across three levels with an elevator and stair access to each floor. The first and second floors combine individual offices with conference and open-area space, along with kitchen/break areas and men’s and women’s restrooms. The third floor includes a common area and two large offices, and each of those offices has its own bathroom. Multiple balconies and an updated, attractive finish are key exterior and interior features, supported by the building’s 2020 construction. Landscaping includes a sprinkler system, and there is designated building and road signage space.
The property is zoned GC and is located about one-half mile from IH 35, placing it within the center of quickly growing San Marcos, according to the provided remarks.
For tenants, buyers, or owner-operators, the layout supports a range of office configurations, from teams that need dedicated rooms to groups that want a mix of individual offices and conference or open areas. With bathrooms distributed by floor and the third floor offering two larger offices with private restrooms, the building can accommodate multiple office users or internal departmental separation while keeping common amenities on each level.
The property is zoned GC and is located about one-half mile from IH 35, placing it within the center of quickly growing San Marcos, according to the provided remarks.
For tenants, buyers, or owner-operators, the layout supports a range of office configurations, from teams that need dedicated rooms to groups that want a mix of individual offices and conference or open areas. With bathrooms distributed by floor and the third floor offering two larger offices with private restrooms, the building can accommodate multiple office users or internal departmental separation while keeping common amenities on each level.
Key Highlights
- 7,783 SF Class A office building with multiple balconies
- Built in 2020 with foam insulation and masonry construction
- Three levels with elevator or stairs servicing each floor
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
739
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 - Class A office building built in 2020 with three levels, elevator access, and balcony areas.
Where is this office building located?
The property is located at 330 Wonder World Drive 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 SF Class A office building with multiple balconies; Built in 2020 with foam insulation and masonry construction; Three levels with elevator or stairs servicing each floor
