Office Property with
40400a Interstate 10, Boerne, TX 78006
For Sale
New
Contact for pricing
A gated site combines office space, workshop and storage buildings, a garage, and on-site parking.
Property Size1,884 SF
Price / SF$1.38
Days on Market3
Property Features for 40400a Interstate 10
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Tenant in Place
Property Use
Amenities
kitchen
receptionist area
conference room
electronic fence entry
Building Details
Building Size
Year Built
Buildings
Units
Tenancy
Owner Occupied
Listing Agency:
Century 21 The Hills Realty
Listed By:
Toni Manchester · License TX #591532
(830) 928-2153
Source:
Halfpriced
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 10:53PM
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 Century 21 The Hills Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 1,884-square-foot office building dates to 1971 and contains three private offices, a kitchen, reception area, and conference room. Additional improvements include workshop and storage buildings, plus a garage. The property encompasses more than one acre, has electronic gate access, and is zoned GW. A homebuilder currently leases the site.
The property fronts the I-10 frontage road just outside Boerne, Texas. On-site parking serves the office and supporting buildings.
The property fronts the I-10 frontage road just outside Boerne, Texas. On-site parking serves the office and supporting buildings.
Key Highlights
- 1,884‑square‑foot office building constructed in 1971
- More than one acre with GW zoning
- Three interior offices, kitchen, reception area, and conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,677
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,540
$513.5K
Cap Rate 7%
$366,814
$366.8K
Cap Rate 9%
$285,300
$285.3K
Market Conditions
NOI Build-Up for 1,884 SF
Gross rent
$41.6K $22.08/SF
− Vacancy
−$7.4K −$3.91/SF
EGI
$34.2K $18.17/SF
− OpEx
−$8.6K −$4.54/SF
NOI
$25.7K $13.63/SF
Area
Kendall County, TX
Vacancy
17.70%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,540
Cap Rate 7%
$366,814
Cap Rate 9%
$285,300
Alternative Uses
Best Use
Office B
$366.8K
$321.0K – $428.0K
NOI $25,677 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$480.6K
$420.5K – $560.7K
NOI $33,640 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Explore this area
Business Placement
Demographics for 78006, TX
40,979
Population
16,643
Households
2.5
Avg Household Size
44
Median Age
51%
College-Educated
94%
High-School Grad
345.9 sq mi
ZIP Area
118
Density / Sq Mi
$110,955
Median Household Income
$51,943
Median Earnings
$1,612
Median Rent
$502,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A gated site combines office space, workshop and storage buildings, a garage, and on-site parking.
Where is this office building located?
The property is located at 40400a Interstate 10 Boerne, TX.
What are key features of this property?
This property features: 1,884‑square‑foot office building constructed in 1971; More than one acre with GW zoning; Three interior offices, kitchen, reception area, and conference room
