New Braunfels Two-Story
For Sale
Contact for pricing
421 Constance Dr, New Braunfels, TX 78130
Approved for short-term rental near Creekside commercial area.
Property Size1,903 SF
Price / SF$236.42
Days on Market790
Property Features for 421 Constance Dr
General Information
Standard status
Active
Size
1,903 SF
Property subtype
Industrial
Listing Agency:
Coldwell Banker Commercial - Alamo City
(210) 643-9362
Listed By:
Chris Bowers · License #TX
Source:
Crexi
Added: Jun 6, 2024
Changed: Jul 6
Last Checked: Aug 3 at 3:22PM
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
Investment Insights
Based on property information with market context.
The Farm Haus community, located in New Braunfels, is approved by the city for short-term rental use. There are 5 units available. These two-story homes feature outdoor living spaces, upscale finishes, spa-inspired bathrooms, and gourmet kitchens. The property is adjacent to the Creekside commercial area, with restaurants, a movie theater, shopping, and a hospital nearby. It is also located 10 minutes from Downtown New Braunfels, Schlitterbahn, and Gruene. The property size is 1903 square feet.
Key Highlights
- Approved for Short Term Rental (STR) use by the city.
- Located adjacent to the Creekside commercial area with restaurants, movie theater, shopping, and a hospital.
- Upscale finishes throughout the two‑story homes.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.3k | $18.00 |
| − Vacancy | −$3.4k | −$1.80 |
| EGI | $30.8k | $16.20 |
| − OpEx | −$13.9k | −$7.29 |
| NOI | $17.0k | $8.91 |
1,903 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$242.2K
$212.0K – $282.6K
NOI $16,956 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$485.4K
$424.8K – $566.3K
NOI $33,980 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Approved for short-term rental near Creekside commercial area.
Where is this short term rental property located?
The property is located at 421 Constance Dr New Braunfels, TX.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Approved for Short Term Rental (STR) use by the city.; Located adjacent to the Creekside commercial area with restaurants, movie theater, shopping, and a hospital.; Upscale finishes throughout the two‑story homes.
