Farm Haus Short Term
For Sale
Contact for pricing
414 Alexander Ave, New Braunfels, TX 78130
Approved short-term rental property near Creekside in New Braunfels.
Property Size2,428 SF
Price / SF$236.82
Days on Market790
Property Features for 414 Alexander Ave
General Information
Standard status
Active
Size
2,428 SF
Property subtype
Industrial
Listing Agency:
Coldwell Banker Commercial - Alamo City
(210) 643-9362
Listed By:
Chris Bowers · License #TX
Source:
Crexi
Added: Jun 6, 2024
Changed: Jul 6
Last Checked: Aug 3 at 11:58AM
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 Coldwell Banker Commercial - Alamo City
Investment Insights
Based on property information with market context.
The Farm Haus community is approved by the city for short-term rental use. Six units are available in this work/live/play development adjacent to the Creekside commercial area in New Braunfels, which features restaurants, a movie theater, shopping, and a hospital. The property is located 10 minutes from downtown New Braunfels, Schlitterbahn, and Gruene. These two-story homes offer outdoor living spaces, upscale finishes, spa-inspired bathrooms, and gourmet kitchens. The property size is 2428 square feet.
Key Highlights
- Approved for Short Term Rental (STR) use.
- Located adjacent to the Creekside commercial area.
- Upscale finishes throughout the home.**
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 | $53.6k | $22.08 |
| − Vacancy | −$9.5k | −$3.91 |
| EGI | $44.1k | $18.17 |
| − OpEx | −$11.0k | −$4.54 |
| NOI | $33.1k | $13.63 |
2,428 SF · lease $22.08/SF/yr · vacancy 17.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$472.7K
$413.6K – $551.5K
NOI $33,091 @ 7.0% cap · market cap 5.75%
Second Best
Mixed Use
$457.9K
$400.6K – $534.2K
NOI $32,050 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$619.3K
$541.9K – $722.6K
NOI $43,354 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 78130, TX
88,349
Population
40,810
Households
2.2
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
91.0 sq mi
ZIP Area
971
Density / Sq Mi
$84,426
Median Household Income
$45,253
Median Earnings
$1,525
Median Rent
$296,300
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?
Live-work space - Approved short-term rental property near Creekside in New Braunfels.
Where is this live-work space located?
The property is located at 414 Alexander Ave New Braunfels, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Approved for Short Term Rental (STR) use.; Located adjacent to the Creekside commercial area.; Upscale finishes throughout the home.**
