New Office Condo in
For Sale
Contact for pricing
Pending
7323 N Loop 1604 E, Schertz, TX 78154
New office condo with customizable layout in thriving commercial corridor.
Property Size4,335 SF
Days on Market219
Property Features for 7323 N Loop 1604 E
General Information
Standard status
Pending
Size
4,335 SF
Class
B
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
2022
Tenancy
Single
Listing Agency:
Keller Williams - City View
Listed By:
Gustavo Torres · License #TX 681940
Source:
Crexi
Added: Jan 5
Changed: Aug 8
Last Checked: Jul 24 at 6:52PM
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 Keller Williams - City View
Investment Insights
Based on property information with market context.
Building 3 at Creekside at Lookout is a newly constructed office condominium available for sale in Northeast San Antonio. Completed in 2022, this single-tenant building features approximately 4,335 square feet of shell space, providing an opportunity for owner-users or investors seeking a customizable layout. The building showcases a stone and stucco exterior with a standing-seam metal roof. Multiple windows allow for natural light, while surface parking ensures convenience for employees and visitors. The interior is delivered in shell condition with slab plumbing in place, offering flexibility for a range of professional or medical office uses. Situated within a well-maintained office park, the property offers visibility and easy access. The surrounding area is anchored by multifamily housing, retail, and dining options that drive daytime and residential traffic. Located along Loop 1604 with proximity to I-35, the property benefits from demographics and population growth, making it an investment in a commercial corridor.
Key Highlights
- New construction (2022) office condominium
- Shell space (4,335 sq ft) for customizable layout
- High‑quality stone and stucco exterior with standing‑seam metal roof
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
$59,081
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
4.82%
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%
$1,181,620
$1.2M
Cap Rate 7%
$844,014
$844.0K
Cap Rate 9%
$656,456
$656.5K
Market Conditions
NOI Build-Up for 4,335 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
$95.7K $22.08/SF
− Vacancy
−$16.9K −$3.91/SF
EGI
$78.8K $18.17/SF
− OpEx
−$19.7K −$4.54/SF
NOI
$59.1K $13.63/SF
Area
Guadalupe 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 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%
$1,181,620
Cap Rate 7%
$844,014
Cap Rate 9%
$656,456
Alternative Uses
Best Use
Office B
$844.0K
$738.5K – $984.7K
NOI $59,081 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$994.9K – $1.33M
NOI $79,591 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Explore this area
Business Placement
Demographics for 78154, TX
41,533
Population
15,688
Households
2.6
Avg Household Size
38
Median Age
40%
College-Educated
94%
High-School Grad
32.9 sq mi
ZIP Area
1,262
Density / Sq Mi
$97,465
Median Household Income
$47,552
Median Earnings
$1,664
Median Rent
$296,400
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 - New office condo with customizable layout in thriving commercial corridor.
Where is this office building located?
The property is located at 7323 N Loop 1604 E Schertz, TX.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: New construction (2022) office condominium; Shell space (4,335 sq ft) for **customizable layout**; High‑quality stone and stucco exterior with standing‑seam metal roof
