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    Property profile & analytics

    1507 Interstate 35 San Marcos, TX 78666-7220

    • Hotels
    • 5,952 SF
    • 0.51 lot acres
    OFF-MARKET
    Last Sale
    May 04, 2021
    Value Estimations
    $445,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1787575
    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

    • San Marcos Inn / Hotel

    Property Details for 1507 Interstate 35

    Year built
    1991
    Lot size
    0.51 lot acres
    Property size
    5,952 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    R36003
    APU
    R36003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    Hays
    State
    Texas
    Longitude
    -97.9136
    Latitude
    29.8937
    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
    $5,824
    $322,230
    $448,850
    $706,987
    -
    $322,230
    $448,850
    $771,080

    Comparable in this City

    • Value Estimation
      $1,125,000
      74,439 SF

      451 Barnes Dr

      HOTEL/MOTEL • 74,439 SF
      451 Barnes Dr, San Marcos, TX 78666-5939
      View Details
    • Value Estimation
      $995,000
      16,821 SF

      1619 Interstate 35

      HOTEL/MOTEL • 16,821 SF
      1619 Interstate 35, San Marcos, TX 78666-6735
      View Details
    • Value Estimation
      $785,000
      12,544 SF

      917 Interstate 35

      HOTEL/MOTEL • 12,544 SF
      917 Interstate 35, San Marcos, TX 78666-7036
      View Details
    • Value Estimation
      $1,250,000
      55,570 SF

      2821 Leah Ave

      HOTEL/MOTEL • 55,570 SF
      2821 Leah Ave, San Marcos, TX 78666-7740
      View Details
    • Value Estimation
      $585,000
      8,496 SF

      801 Interstate 35

      HOTEL/MOTEL • 8,496 SF
      801 Interstate 35, San Marcos, TX 78666-7035
      View Details
    • Value Estimation
      $850,000
      25,004 SF

      903 Interstate 35

      HOTEL/MOTEL • 25,004 SF
      903 Interstate 35, San Marcos, TX 78666-7036
      View Details

    Similar Nearby for Sale

    • $1,495,000
      12.00 Acres

      San Marcos Ranch with Income Potential

      12-acre Hill Country retreat with custom home, chapel, and horse barn.
      0000 Oakwood Loop, San Marcos, TX 78666
      View Details
    • 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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    • $2,500,000
      24.00 Acres

      Texas Hill Country Ranch Estate

      24 Acres, Luxurious Log Cabin
      1218 Oakwood Loop, San Marcos, TX 78666
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    • Contact for pricing
      17,672 SF

      Prime San Marcos Shopping Center

      Value-add retail investment, high traffic
      3941 Ih 35, San Marcos, TX 78666
      View Details
    • $819,900

      Prime 10+ Acre San Marcos Land

      Unzoned, unrestricted commercial land; high visibility.
      0 Harris Hill Rd, San Marcos, TX 78666
      View Details
    • $2,250,000
      3.04 Acres

      2030 Frontage Rd

      Land • 3.04 Acres
      2030 Frontage Rd, San Marcos, TX 78666
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr
      3,320 SF

      Sahota Center Restaurant Space

      San Marcos, TX Restaurant - 3,320 SF
      0 Mccarty Ln, San Marcos, TX 78666
      View Details
    • $1,125 /Mo

      San Marcos Apartment For Rent

      Apartment available for rent in San Marcos, Texas.
      1400 Clarewood Dr, San Marcos, TX 78666
      View Details
    • Contact for pricing
      23,000 SF

      Retail Space in Power Center

      Retail space available in a well-established power center.
      1050 Mckinley Place Dr, San Marcos, TX 78666
      View Details
    • $18 SF/Yr
      10,600 SF

      San Marcos Office Warehouse For Lease

      10,600 sqft office warehouse with dock-high bay for lease.
      6750 S Old Bastrop Hwy, San Marcos, TX 78666
      View Details
    • $3,050 /Mo

      Highway Frontage Mixed-Use Opportunity

      Property with high visibility, flexible use, and commercial development potential.
      20075 San Marcos Hwy, San Marcos, TX 78666
      View Details
    • $1,500 /Mo
      1,880 SF

      Downtown San Marcos Boutique Workspace

      Refined office spaces above Patio Dolcetto Wine Bar.
      322 Cheatham St, San Marcos, TX 78666
      View Details
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    1507 Interstate 35
    San Marcos, TX 78666-7220
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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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