Schertz Flex Warehouse
For Sale
Contact for pricing
7637 FM 3009, Schertz, TX 78154
3500 SF office, flex, warehouse condo near IH 35.
Property Size3,500 SF
Price / SF$214.29
Days on Market680
Property Features for 7637 FM 3009
General Information
Standard status
Active
Size
3,500 SF
Class
A
Property subtype
Industrial, Office, Special Purpose
Zoning
Industrial
Lease Type
NNN
Building Details
Year Built
2022
Units
1
Listing Agency:
Red Commercial Real Estate
Listed By:
Tawney Stedman · License #TX 559218
Source:
Crexi
Added: Oct 14, 2024
Changed: Aug 21
Last Checked: Aug 24 at 3:56AM
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 Commercial Real Estate
Investment Insights
Based on property information with market context.
This 3500 square foot condominium unit, located in Schertz, Texas near IH 35 along the San Antonio to Austin corridor, offers flex, office, and warehouse space. The space features 100% HVAC, an open floor plan, a mezzanine, a kitchenette, and a restroom with Class A finish out. An automatic overhead door and a 22-foot ceiling height are also included. The unit is suitable for various uses such as office, showroom, studio space, fitness, fulfillment and distribution, light industrial, car storage, and personal use. This is a resale unit from a project that sold out in 2023.
Key Highlights
- Prime location near IH 35 in Schertz, TX, offering easy access to San Antonio and Austin.
- Versatile space suitable for office, showroom, studio, fitness, fulfillment, light industrial, car storage, and personal use.
- Enjoy a 100% HVAC, fully climate‑controlled environment.
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
$36,855
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
4.91%
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%
$737,100
$737.1K
Cap Rate 7%
$526,500
$526.5K
Cap Rate 9%
$409,500
$409.5K
Market Conditions
NOI Build-Up for 3,500 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
$63.0K $18.00/SF
− Vacancy
−$6.3K −$1.80/SF
EGI
$56.7K $16.20/SF
− OpEx
−$19.8K −$5.67/SF
NOI
$36.9K $10.53/SF
Area
Guadalupe County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$737,100
Cap Rate 7%
$526,500
Cap Rate 9%
$409,500
Alternative Uses
Best Use
Flex RnD
$526.5K
$460.7K – $614.3K
NOI $36,855 @ 7.0% cap · market cap 4.91%
Second Best
Industrial
$299.3K
$261.9K – $349.1K
NOI $20,948 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$918.0K
$803.3K – $1.07M
NOI $64,260 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 3500 SF office, flex, warehouse condo near IH 35.
Where is this flex space located?
The property is located at 7637 FM 3009 Schertz, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime location near IH 35 in Schertz, TX, offering easy access to San Antonio and Austin.; Versatile space suitable for office, showroom, studio, fitness, fulfillment, light industrial, car storage, and personal use.; Enjoy a 100% HVAC, fully climate‑controlled environment.
