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    Property profile & analytics

    102 Wonder World Dr San Marcos, TX 78666-6076

    • Commercial real estate
    • 25,561 SF
    • 2.45 lot acres
    OFF-MARKET
    Value Estimations
    $3,275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1614620
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Results Physiotherapy San Marcos, Texas / Medical Clinic
    • Ezra Ministries / Charitable Organization / Social Service Agency
    • Any Lab Test Now / Medical Clinic
    • 9Round Kickboxing Fitness / Gym & Fitness Center
    • San Marcos Concrete Services / Construction Company / General Contractor

    Property Details for 102 Wonder World Dr

    Year built
    2002
    Lot size
    2.45 lot acres
    Property size
    25,561 SF
    Property type
    Commercial real estate
    APN
    R90003
    APU
    R90003

    Description

    This exceptional multi-tenant property, The Village at Park South, offers a prime opportunity for businesses seeking office or medical space in the thriving Hays County market. Located at the highly visible intersection of Wonder World Drive and Hunter Road, this Class C complex boasts 24,982 square feet across four buildings, built in 2002. The property features 17 suites, with flexible space options ranging from a minimum of 1,272 square feet to a maximum contiguous space of 2,344 square feet. Currently, 3,616 square feet are available. The property sits on 4.73 acres of land and has a building floor area ratio (FAR) of 0.12. Ample parking is provided with 113 spaces. Benefit from the high traffic counts on Wonder World Drive (21,860 vehicles per day) and enjoy convenient access to IH-35, placing your business near major employers such as the HEB Distribution Center, CTMC, and the new Hays County Government Building. This versatile property is ideal for a variety of businesses, offering built-out office/retail space ready for immediate occupancy. The property's location and amenities make it an attractive option for businesses seeking a strategic location in a rapidly growing area. The property is zoned for retail, office, and restaurant uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,507,000
      Market price range: $1.36M - $6.24M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,985,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    Hays
    State
    Texas
    Longitude
    -97.9632
    Latitude
    29.8645
    CBSA code
    12420
    CBSA name
    AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $93,144
    $1,322,020
    $4,132,198
    $5,454,218
    -
    $1,322,020
    $4,132,198
    $5,454,218

    Comparable in this City

    • Value Estimation by Request
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      COMMERCIAL (GENERAL) • 2.21 Acres
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      View Details
    • Value Estimation by Request
      1.22 Acres

      1644 Aquarena Spgs Dr

      COMMERCIAL (GENERAL) • 1.22 Acres
      1644 Aquarena Spgs Dr, San Marcos, TX 78666-7224
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    • Value Estimation by Request
      2.54 Acres

      Redwood Rd

      Land • 2.54 Acres
      0 Redwood Rd, San Marcos, TX 78666
      View Details
    • Value Estimation
      $1,975,000
      16,757 SF

      601 Leah Ave

      COMMERCIAL (GENERAL) • 16,757 SF
      601 Leah Ave, San Marcos, TX 78666-7849
      View Details
    • Value Estimation
      $1,535,000
      42,247 SF

      1301 Leah Ave

      COMMERCIAL (GENERAL) • 42,247 SF
      1301 Leah Ave, San Marcos, TX 78666-7530
      View Details
    • Value Estimation by Request
      3,939 SF

      1560 Old Martindale Rd

      COMMERCIAL (GENERAL) • 3,939 SF
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      View Details

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      55,000 SF

      San Marcos Warehouse Sublease Opportunity

      55,000 SF warehouse sublease near IH-35 and Amazon.
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      9,800 SF

      San Marcos Warehouse with Frontage

      9,800 SF warehouse with frontage and immediate highway access.
      290 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
      View Details
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    San Marcos, TX 78666-6076
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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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