Medical Office
New
For Sale
$3,999,900
790 Generations Drive #300, New Braunfels, TX 78130
Two tenants occupy the space, with two years remaining on the lease.
Property Size11,925 SF
Price / SF$335.42
Days on Market5
Property Features for 790 Generations Drive #300
General Information
Standard status
Active
Size
11,925 SF
Property subtype
Office/Medical/Prof Bldg
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
2019
Buildings
1
Tenancy
Multi
Listing Agency:
PIONEER REALTY PARTNERS, LLC
Listed By:
Denise Bourassa
(210) 355-0559
Source:
Pioneerrealtypartners
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 8:41PM
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 PIONEER REALTY PARTNERS, LLC
Investment Insights
Based on property information with market context.
Building 300 is an approximately 11,925-square-foot office condominium completed in 2019. It is fully occupied by two tenants, with two years left on the lease. The unit represents an approximate 13.58% pro rata interest in an eight-building office condominium development totaling approximately 88,193 square feet on a shared 7.16-acre site.
The development is adjacent to Resolute Baptist Hospital and across from New Braunfels VA Outpatient Care. Access to FM 1101, Interstate 35, Highway 46 W, and New Braunfels National Airport & FBO is nearby.
The development is adjacent to Resolute Baptist Hospital and across from New Braunfels VA Outpatient Care. Access to FM 1101, Interstate 35, Highway 46 W, and New Braunfels National Airport & FBO is nearby.
Key Highlights
- Approximately 11,925 square feet in Building 300
- 100% occupied by two tenants; two years left on lease
- Approximate 13.58% pro rata share of the overall development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,524
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,250,480
$3.3M
Cap Rate 7%
$2,321,771
$2.3M
Cap Rate 9%
$1,805,822
$1.8M
Market Conditions
NOI Build-Up for 11,925 SF
Gross rent
$263.3K $22.08/SF
− Vacancy
−$46.6K −$3.91/SF
EGI
$216.7K $18.17/SF
− OpEx
−$54.2K −$4.54/SF
NOI
$162.5K $13.63/SF
Area
Comal 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 Rate 5%
$3,250,480
Cap Rate 7%
$2,321,771
Cap Rate 9%
$1,805,822
Alternative Uses
Best Use
Office B
$2.32M
$2.03M – $2.71M
NOI $162,524 @ 7.0% cap · market cap 4.06%
Second Best
Healthcare Medical
$2.21M
$1.93M – $2.58M
NOI $154,548 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $212,931 @ 7.0% cap · market cap 5.32%
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
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two tenants occupy the space, with two years remaining on the lease.
Where is this medical office space located?
The property is located at 790 Generations Drive #300 New Braunfels, TX.
What is the asking price?
The asking price for this property is $3,999,900.
What are key features of this property?
This property features: Approximately 11,925 square feet in Building 300; 100% occupied by two tenants; two years left on lease; Approximate 13.58% pro rata share of the overall development
