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    29250 Old Fredericksburg Rd Boerne, TX 78015
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    29250 Old Fredericksburg Rd Boerne, TX 78015

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    • Office properties & Spaces
    • 17,062 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 29250 Old Fredericksburg Rd

    Property size
    17,062 SF
    Property type
    Office properties & Spaces
    Property subtype
    Industrial properties

    Description

    Fair Oaks Crossing offers 17,062 square feet of flexible office and industrial space in a single-story building located at the intersection of Old Fredericksburg Road and Dietz Elkhorn Road in Boerne, Texas. This prime location provides convenient access to Interstate 10 and Fair Oaks Ranch. The property consists of four suites in total, with two currently available for lease. These available spaces are second-generation suites, offering immediate occupancy potential. Suite sizes range from 2,112 square feet to 6,390 square feet, providing flexibility for businesses of various sizes. The building's single-story design offers easy accessibility and efficient use of space. The property is situated in Bexar County and presents a compelling opportunity for businesses seeking a well-located and versatile workspace in a thriving area. The strategic location near major transportation arteries ensures excellent connectivity for employees and clients. The available suites offer a chance to establish a presence in a dynamic and growing community. Interested parties are encouraged to inquire about lease terms and availability for these attractive office/flex spaces.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Boerne
    County
    Bexar
    State
    Texas
    Longitude
    -98.673
    Latitude
    29.7314

    Comparable in this City

    • Value Estimation by Request
      897 SF

      7201 Fair Oaks Pkwy

      OFFICE (GENERAL) • 897 SF
      7201 Fair Oaks Pkwy, Boerne, TX 78015
      View Details
    • Value Estimation
      $875,000
      5,887 SF

      9135 Dietz Elkhorn Rd, Unit 2

      OFFICE (GENERAL) • 5,887 SF
      9135 Dietz Elkhorn Rd, Boerne, TX 78015-2227
      View Details
    • Value Estimation by Request
      860 SF

      7891 Fair Oaks Pkwy

      OFFICE (GENERAL) • 860 SF
      7891 Fair Oaks Pkwy, Boerne, TX 78015
      View Details
    • Value Estimation
      $525,000
      2,526 SF

      8000 Fair Oaks Pkwy

      OFFICE (GENERAL) • 2,526 SF
      8000 Fair Oaks Pkwy, Boerne, TX 78015-4739
      View Details
    • Value Estimation
      $735,000
      5,029 SF

      9120 Dietz Elkhorn Rd

      OFFICE (GENERAL) • 5,029 SF
      9120 Dietz Elkhorn Rd, Boerne, TX 78015-4904
      View Details
    • Value Estimation by Request
      920 SF

      29143 Old Fredericksburg Rd

      OFFICE (GENERAL) • 920 SF
      29143 Old Fredericksburg Rd, Boerne, TX 78015-9120
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Boerne Land with Office Buildings

      19.20 acres with two office buildings near IH-10.
      000 Old Fredericksburg Rd, Boerne, TX 78015
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      28014 I-10 W, Boerne, TX 78015
      View Details
    • Contact for pricing

      San Antonio Development Site

      Development site in a rapidly growing San Antonio area.
      Old Fredericksburg Rd, San Antonio, TX 78015
      View Details
    • $144,900
      0.21 Acres

      Land in Gated Napa Oaks

      Premier lot in gated community with Hill Country views.
      28010 Versant Hills, Boerne, TX 78015
      View Details
    • $229,000
      0.41 Acres

      Residential Land in Fair Oaks

      Residential land for sale in Boerne, Texas.
      29339 Duberry Rdg, Boerne, TX 78015
      View Details
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    Boerne, TX 78015
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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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    29250 Old Fredericksburg Rd, Boerne, TX, 78015
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