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    Tx-123 San Marcos, TX 78666
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    Tx-123, San Marcos, TX 78666

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    • Day care centers
    • 17.19 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Day care centers

    Property Details for 0 Tx-123

    Lot size
    17.19 lot acres
    Property type
    Day care centers
    Property subtype
    Lifestyle centers

    Description

    This exceptional 17.19-acre property presents a compelling value-add investment opportunity in the thriving San Marcos, Texas market. Zoned for general commercial use, this mixed-use site boasts convenient access to major transportation arteries, including I-35, Wonder World Drive, and State Highway 123. Its strategic location places it in close proximity to a wealth of amenities and significant growth drivers. The property is ideally situated near Christus Santa Rosa Hospital, San Marcos High School, and the University of Texas at San Marcos (with its 38,873 students), ensuring a robust and diverse population base. Furthermore, its proximity to numerous retailers and substantial ongoing developments, including a large-scale television/movie studio, a sprawling industrial park, and a significant Tesla presence in nearby Kyle, underscores its exceptional potential for future appreciation. All city utilities are readily available on-site. This three-key property offers a unique chance to capitalize on the dynamic growth of San Marcos and create a thriving mixed-use development encompassing daycare/nursery, hotel, and shopping center components. The property's size and zoning flexibility allow for a wide range of development possibilities, making it an attractive proposition for discerning investors seeking significant returns in a high-growth market. The address is TX-123, San Marcos, TX 78666.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    Guadalupe
    State
    Texas
    Longitude
    -97.9455
    Latitude
    29.7967

    Comparable in this City

    • Value Estimation by Request
      17,672 SF

      3941 Ih 35

      Lifestyle centers
      3941 Ih 35, San Marcos, TX 78666
      View Details
    • Value Estimation by Request
      1,604 SF

      512 Valley St

      Restaurants
      512 Valley St, San Marcos, TX 78666
      View Details
    • Value Estimation by Request
      3,850 SF

      2609 I-35

      Retail properties & Spaces
      2609 I-35, San Marcos, TX 78666
      View Details
    • Value Estimation by Request
      3.38 Acres

      1710 Farm To Market 1626

      Retail properties & Spaces
      1710 Farm To Market 1626, Buda, TX 78666
      View Details
    • Value Estimation by Request
      16,676 SF

      302 Country Estates Dr

      Schools
      302 Country Estates Dr, San Marcos, TX 78666
      View Details
    • Value Estimation
      $2,645,000
      74,439 SF

      451 Barnes Dr

      HOTEL/MOTEL
      451 Barnes Dr, San Marcos, TX 78666-5939
      View Details

    Similar Nearby for Sale

    • $1,750,000
      4,814 SF

      Versatile Mixed-Use Commercial Property

      Mixed-use property with high-traffic location and flexible layout.
      715 W Hopkins St, San Marcos, TX 78666
      View Details
    • $3,000,000
      17,584 SF

      Historic Corner Property in Downtown

      Two-story, 17,584 SF mixed-use building in San Marcos, TX.
      101 E Hopkins St, San Marcos, TX 78666
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    • $400,000
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      Charming Commercial Opportunity in San Marcos

      Unique commercial property near Texas State University with renovation potential.
      2020 Old Ranch Road 12, San Marcos, TX 78666
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    • $790,000
      5,295 SF

      Mixed-Use Investment Near Texas State

      Two adjoining properties with commercial and multifamily potential near university.
      521 W Hutchison St, San Marcos, TX 78666
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      9,656 SF

      Downtown San Marcos Retail/Office Space

      Street-level commercial space in high-traffic area near campus.
      165 S Guadalupe St, San Marcos, TX 78666
      View Details
    • Contact for pricing

      New NNN Ground Lease Opportunity

      20-year NNN lease near major outlets and university.
      185 Wonder World Dr, San Marcos, TX 78666
      View Details
    • Contact for pricing

      Retail/Restaurant Space For Lease

      Retail or restaurant space available for lease.
      121 Fredericksburg St, San Marcos, TX 78666
      View Details
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    Tx-123
    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.

    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
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