Flex Building with Open
New
For Sale
$350,000
5035 Cedarside St, San Marcos, TX 78666
A front-facing entry area and large open interior provide distinct spaces for office or customer-facing activity and work functions.
Property Size2,400 SF
Lot Size0.38 Acres
Price / SF$145.83
Days on Market5
Property Features for 5035 Cedarside St
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
16
Lot size
0.38 Acres
Listing Agency:
Red Mansions Realty
(830) 832-6874
Listed By:
Lori Rathburn · License #0706853
(512) 751-6928
Source:
Exprealty
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 2:16PM
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 Red Mansions Realty
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Investment Insights
Based on property information with market context.
The 2,400-square-foot flex building sits on a 0.378-acre parcel and was previously used as a church. Its layout includes an entry-side area and a broad, open main hall, offering a combination of enclosed front space and flexible interior floor area. The property has approximately 16 dedicated parking spaces.
At 5035 Cedarside St, the property is just outside San Marcos city limits, with access to I-35 and the Austin–San Antonio corridor.
At 5035 Cedarside St, the property is just outside San Marcos city limits, with access to I-35 and the Austin–San Antonio corridor.
Key Highlights
- 2,400‑square‑foot flex building on a 0.378‑acre lot
- Large open main hall with a separate entry‑side area
- Approximately 16 dedicated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,163
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,260
$483.3K
Cap Rate 7%
$345,186
$345.2K
Cap Rate 9%
$268,478
$268.5K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$35.7K $14.88/SF
− Vacancy
−$7.3K −$3.04/SF
EGI
$28.4K $11.84/SF
− OpEx
−$4.3K −$1.78/SF
NOI
$24.2K $10.07/SF
Area
Hays County, TX
Vacancy
20.40%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,260
Cap Rate 7%
$345,186
Cap Rate 9%
$268,478
Alternative Uses
Best Use
Warehouse
$345.2K
$302.0K – $402.7K
NOI $24,163 @ 7.0% cap · market cap 6.90%
Second Best
Industrial
$306.8K
$268.4K – $357.9K
NOI $21,474 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$1.00M
$877.9K – $1.17M
NOI $70,228 @ 7.0% cap · market cap 20.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Balanced
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A front-facing entry area and large open interior provide distinct spaces for office or customer-facing activity and work functions.
Where is this flex space located?
The property is located at 5035 Cedarside St San Marcos, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,400‑square‑foot flex building on a 0.378‑acre lot; Large open main hall with a separate entry‑side area; Approximately 16 dedicated parking spaces
