Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    414 Alexander Ave New Braunfels, TX 78130

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Approved short-term rental property near Creekside in New Braunfels.

    Type:Industrial
    Property size:
    2,428 SF
    Price / SF:
    $236/SF
    Added:
    Jun 6, 2024
    Days on Market:
    697
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 414 Alexander Ave

    General Information

    Standard status
    Active
    Size
    2,428 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Chris Bowers

    Listing agent Chris Bowers License #TX

    Listing office Coldwell Banker Commercial - Alamo City

    Listing date Jun 6, 2024

    Source Crexi

    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

    Overview

    Farm Haus Short Term Rental

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Braunfels
    County
    Comal
    State
    Texas
    Longitude
    -98.0725
    Latitude
    29.6944

    Nearby Similar for Sale

    • $450,000
      4,400 SF

      Versatile Commercial Property in Sattler

      Commercial property with versatile space near New Braunfels, Texas.
      1056 Market Heights, New Braunfels, TX 78132
      View Details
    • $675,000
      3,000 SF

      Versatile Commercial Space, New Braunfels

      Conveniently located commercial space ideal for various business uses.
      223 Lucinda Drive, New Braunfels, TX 78130
      View Details
    • $1,232,500
      2,768 SF

      Prime Corner Lot in New Braunfels

      High-traffic corner lot suitable for retail, office, or restaurant.
      211 N Business Ih 35, New Braunfels, TX 78130
      View Details
    • $1,320,000
      6,066 SF

      New Braunfels Office Building For Sale

      Well-maintained 6,000 SF office building in New Braunfels, TX.
      1399 Sattler Road, New Braunfels, TX 78132
      View Details
    • $497,500
      2,814 SF

      New Braunfels Duplex Investment Opportunity

      Well-maintained duplex with new roof, spacious units, and convenient location.
      3021/3023 Douglas Fir, New Braunfels, TX 78130
      View Details
    • $385,000
      2,432 SF

      New Braunfels Duplex on Corner Lot

      Custom-built duplex near Loop 337, convenient to amenities.
      723 Woodcrest, New Braunfels, TX 78130
      View Details
    • $649,990
      1,616 SF

      Secluded Cabin Retreat on Acreage

      Private 13-acre property with 1,600 sq ft cabin near New Braunfels.
      1398 Lazy Forest, New Braunfels, TX 78132
      View Details
    • $1,500,000

      Operating Carwash in New Braunfels

      Operating carwash in a great location off Interstate 35.
      132 State Highway 46 S, New Braunfels, TX 78130
      View Details
    • $510,000
      1,518 SF

      High-Traffic Commercial Property in New Braunfels

      Versatile commercial property with high visibility and accessibility.
      1290 S Business I-35, New Braunfels, TX 78130
      View Details
    • $369,000
      2,412 SF

      New Braunfels Income-Producing Duplex

      Well-maintained duplex with recent updates in a high-demand location.
      3036 & 3038 Pine Valley, New Braunfels, TX 78130
      View Details
    • $470,000
      2,774 SF

      New Braunfels Multifamily Investment

      Income-producing duplex in a desirable location with easy access.
      3049 Pine Valley, New Braunfels, TX 78130
      View Details
    • $398,000
      1,986 SF

      New Braunfels Duplex with New Roof

      Well-located duplex near rivers, downtown, restaurants, and shopping.
      309/311 Briarwood, New Braunfels, TX 78130
      View Details

    FAQs

    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.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Bowers
    Real Estate License ID: TX
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    414 Alexander Ave, New Braunfels, TX 78130

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!