Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    360 Highway 123 Byp Seguin, TX 78155

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    360 Highway 123 Byp Seguin, TX 78155

    View on Map
    • Retail properties & Spaces
    • 8,000 SF
    • 0.79 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 360 Highway 123 Byp

    Year built
    2006
    Lot size
    0.79 lot acres
    Property size
    8,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail investment opportunity in Seguin, Texas, presents a 100% net-leased property featuring two national credit tenants: Wells Fargo Bank and Hibbett Sports. Located at 360 N Hwy 123 Bypass, this single-story, 8,000 square foot building sits on a 0.79-acre lot in a high-traffic area with excellent visibility. The property boasts a strong tenant profile, with Wells Fargo under a new 8-year lease including three five-year options with 10% rent increases. Hibbett Sports has consistently renewed its lease since 2005. Built in 2006 and renovated in 2023, the Class B property offers a compelling investment with a current Net Operating Income (NOI) of $116,000, resulting in a 6.27% cap rate. The asking price is $1,850,000 ($231.25 per square foot). This is a multi-tenant investment with a corporate guarantee, offering a secure and stable income stream. The property is ideally situated in a high-visibility location surrounded by other major local and national retailers, including a Walmart. This NNN investment is perfect for a 1031 exchange. The property is located in Guadalupe County, Texas, zip code 78155.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Seguin
    County
    Guadalupe
    State
    Texas
    Longitude
    -97.9415
    Latitude
    29.5666

    Comparable in this City

    • Value Estimation by Request
      53,704 SF

      516 I-10

      Individual retail properties • 53,704 SF
      516 I-10, Seguin, TX 78155
      View Details
    • Value Estimation by Request
      5,500 SF

      400-414 King St

      Lifestyle centers • 5,500 SF
      400-414 King St, Seguin, TX 78155
      View Details
    • Value Estimation by Request
      2,913 SF

      920 Court St

      Individual retail properties • 2,913 SF
      920 Court St, Seguin, TX 78155
      View Details
    • Value Estimation by Request

      1300 Tx-46

      Restaurants
      1300 Tx-46, Seguin, TX 78155
      View Details
    • Value Estimation by Request
      5,162 SF

      1575 I-10

      Restaurants • 5,162 SF
      1575 I-10, Seguin, TX 78155
      View Details
    • Value Estimation by Request
      5,476 SF

      200 Court St

      Restaurants • 5,476 SF
      200 Court St, Seguin, TX 78155
      View Details

    Similar Nearby for Sale

    • $500,000
      2,500 SF

      Retail Space in Historic District

      Retail space in Seguin's Downtown Historic District.
      106 N Austin St, Seguin, TX 78155
      View Details
    • Contact for pricing
      2,500 SF

      Downtown Retail Space For Sale

      2,500 SF retail space in historic downtown district.
      106 N Austin St, Seguin, TX 78155
      View Details
    • $500,000
      2,500 SF

      Tenant-Occupied Commercial Building in Seguin

      Commercial building in Seguin's Downtown Historic District.
      108 N Austin St, Seguin, TX 78155
      View Details
    • $576,000
      2,880 SF

      Charming Historic Building in Seguin

      Three-story masonry building in Downtown Seguin with income potential.
      107 N Austin St, Seguin, TX 78155
      View Details
    • $969,000
      6,554 SF

      Historic Seguin Commercial Building

      Two-story commercial building in historic downtown Seguin, Texas.
      109 N River St, Seguin, TX 78155
      View Details
    • $1,135,700
      5,476 SF

      Historic Downtown Seguin Retail/Office Property

      Retail and office property in the heart of downtown Seguin.
      200 E Court St, Seguin, TX 78155
      View Details

    Similar Nearby for Lease

    • $2,750 /Mo
      2,500 SF

      Historic Retail Space in Seguin

      Prime retail location in a growing community across from town square.
      112 E Court St, Seguin, TX 78155
      View Details
    • $4,888 /Mo
      4,250 SF

      Historic Downtown Seguin Commercial Building

      Two-story commercial building in historic downtown Seguin available for rent.
      109 N River St, Seguin, TX 78155
      View Details
    • $2,800 /Mo

      Commercial Building with Drive-Up Parking

      Functional commercial building with drive-up parking available for rent.
      410 E Gonzales St, Seguin, TX 78155
      View Details
    • $2,800 /Mo
      2,250 SF

      Commercial Building in Seguin, Texas

      Functional commercial building with drive-up parking available for rent.
      410 E Gonzales St, Seguin, TX 78155
      View Details
    • Contact for pricing
      1,208 SF

      Retail Space in Sendero Plaza

      10,200 SF shopping center located along Highway 123 Bypass.
      1405-1435 N Highway 123 Byp, Seguin, TX 78155
      View Details
    • Contact for pricing
      1,657 SF

      Retail Space in Seguin, Texas

      Retail space available within a 119,972 SF shopping center.
      1425 E Court St, Seguin, TX 78155
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    360 Highway 123 Byp
    Seguin, TX 78155
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!