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    Wonder World Dr San Marcos, TX 78666

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Wonder World Dr

    Property type
    Land

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    Hays
    State
    Texas
    Longitude
    -97.9548
    Latitude
    29.8586

    Comparable in this City

    • Value Estimation by Request
      2.54 Acres

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      3920 Frontage Rd

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      3920 Frontage Rd, San Marcos, TX 78666
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      3.85 Acres

      505 Uhland Rd

      Land • 167,706 SF
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      1.00 Acre

      4558 Frontage Rd

      Land • 1.00 Acre
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    • Value Estimation by Request
      3,250 SF

      296 Wonder World Dr

      Land • 3,250 SF
      296 Wonder World Dr, San Marcos, TX 78666
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    • Value Estimation by Request
      2.87 Acres

      6 Hwy

      Land • 2.87 Acres
      6 Hwy, Marlin, TX 78666
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    Similar Nearby for Sale

    • $2,250,000
      3.04 Acres

      2030 Frontage Rd

      Land • 3.04 Acres
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    • Contact for pricing
      1.00 Acre

      San Marcos Commercial Land - 1 Acre

      High-visibility corner lot, ideal for development.
      4558 Frontage Rd, San Marcos, TX 78666
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    • $819,900

      Prime 10+ Acre San Marcos Land

      Unzoned, unrestricted commercial land; high visibility.
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      96.35 Acres

      96-Acre San Marcos Development Land

      Prime Texas acreage, I-35 & Toll 130 access.
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    • $1,750,000
      3.85 Acres

      San Marcos Land: Prime Development Site

      3.85 Acres, Multi-Family Potential
      505 Uhland Rd, San Marcos, TX 78666
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    • $5,654,088
      44.00 Acres

      Prime 44-Acre Commercial Land

      San Marcos, TX development opportunity. Highway 123 frontage.
      401 Haven Crest Ln, San Marcos, TX 78666
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    Similar Nearby for Lease

    • Contact for pricing
      3,250 SF

      San Marcos Retail Opportunity

      Prime 2-acre site, 3,250 SF building.
      296 Wonder World Dr, San Marcos, TX 78666
      View Details
    • $2,500 /Mo

      Leasable Land Near San Marcos

      Approximately 4.5 acres of land available for lease.
      2854 Rattler Rd, San Marcos, TX 78666
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    • $0.85 SF/Yr
      5,000 SF

      Warehouse with Yard Space Available

      Warehouse property with yard space for lease in San Marcos.
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      River Ridge Industrial Land Tract

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      81,801 SF

      San Marcos Warehouse Space Available

      81,801 SF warehouse with 32' clear height for lease.
      328 Barnes Dr, San Marcos, TX 78666
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    • $1,350 /Mo

      San Marcos Condo with Balcony

      Charming 2-bedroom condo near parks and local amenities.
      1013 Chestnut St, San Marcos, TX 78666
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    Wonder World Dr
    San Marcos, TX 78666
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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