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

    1615 Interstate 35 San Marcos, TX 78666-6711

    • Warehouses
    • 1,120 SF
    • 4.55 lot acres
    OFF-MARKET
    Value Estimations
    $480,000
    Show details
    Cap Rate Potential
    2.2%
    Warehouses
    Location Intelligence
    Property ID
    US83-1786074
    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

    • Warehouses

    Property Details for 1615 Interstate 35

    Year built
    2015
    Lot size
    4.55 lot acres
    Property size
    1,120 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    R144026
    APU
    R144026

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $505,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $460,000
      Market price range: $50.3k - $461k

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

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    Hays
    State
    Texas
    Longitude
    -97.9122
    Latitude
    29.896
    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
    $104,610
    $1,201,350
    $3,942,393
    $5,143,743
    -
    $1,201,350
    $3,942,393
    $5,143,743

    Comparable in this City

    • Value Estimation
      $385,000
      924 SF

      2215 Hunter Rd

      MINI-WAREHOUSE, STORAGE • 924 SF
      2215 Hunter Rd, San Marcos, TX 78666-5104
      View Details
    • Value Estimation
      $290,000
      672 SF

      2409 Interstate 35

      MINI-WAREHOUSE, STORAGE • 672 SF
      2409 Interstate 35, San Marcos, TX 78666-5922
      View Details
    • Value Estimation
      $465,000
      920 SF

      202 Coachman Dr

      MINI-WAREHOUSE, STORAGE • 920 SF
      202 Coachman Dr, San Marcos, TX 78666-9100
      View Details
    • Value Estimation
      $485,000
      14,600 SF

      4510 Interstate 35

      MINI-WAREHOUSE, STORAGE • 14,600 SF
      4510 Interstate 35, San Marcos, TX 78666-9393
      View Details
    • Value Estimation
      $315,000
      2,624 SF

      1850 Old Rnch Rd 12

      MINI-WAREHOUSE, STORAGE • 2,624 SF
      1850 Old Rnch Rd 12, San Marcos, TX 78666-2542
      View Details
    • Value Estimation
      $945,000
      22,735 SF

      1620 Interstate 35

      MINI-WAREHOUSE, STORAGE • 22,735 SF
      1620 Interstate 35, San Marcos, TX 78666-6009
      View Details

    Similar Nearby for Sale

    • $1,950,000
      38,100 SF

      San Marcos Industrial Facility For Sale

      38,100 SF industrial facility with heavy industrial zoning.
      312 Comacho St, San Marcos, TX 78666
      View Details
    • $1,500,000
      3,800 SF

      Versatile Commercial Building in San Marcos

      Flexible commercial space with office and warehouse areas for sale.
      2108 Old Ranch Road 12, San Marcos, TX 78666
      View Details
    • Contact for pricing
      75,276 SF

      Industrial Facility with Expansion Potential

      Manufacturing, industrial, and storage space with land for development.
      2000 Clovis R Barker Rd, San Marcos, TX 78666
      View Details
    • $5,299,000
      96.35 Acres

      96-Acre San Marcos Development Land

      Prime Texas acreage, I-35 & Toll 130 access.
      5340 Dreibrodt Rd, San Marcos, TX 78666
      View Details
    • $1,950,000

      San Marcos Industrial Property

      Industrial property available for sale in San Marcos, Texas.
      312 Camacho St, San Marcos, TX 78666
      View Details
    • $3,500,000

      Commercial Land with Trucking Business

      13.71 acres of commercial land, ideal for trucking business.
      3030 Harris Hill Rd, San Marcos, TX 78666
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      161,000 SF

      Flex Warehouse & Mini Storage

      Flex warehouse and mini storage facility in growing industrial area.
      2061 Clovis R Barker Rd, San Marcos, TX 78666
      View Details
    • Contact for pricing
      82,077 SF

      Class A Industrial Space Available

      New industrial development serving Austin and San Antonio.
      1225 Fortuna Rd, San Marcos, TX 78666
      View Details
    • Contact for pricing
      266,575 SF

      MidPointe Logistics Center: San Marcos, TX

      Class A Warehouse, 266,575 SF, Immediate Occupancy
      0 Wassar Blvd, San Marcos, TX 78666
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      81,801 SF

      San Marcos Warehouse Space Available

      81,801 SF warehouse with 32' clear height for lease.
      328 Barnes Dr, San Marcos, TX 78666
      View Details
    • Contact for pricing
      55,000 SF

      San Marcos Warehouse Sublease Opportunity

      55,000 SF warehouse sublease near IH-35 and Amazon.
      2821 Leah Ave, San Marcos, TX 78666
      View Details

    Property Visit Statistics

    • Visits by month
      1.7k
    • Visitors by month
      724
    • Avg Time on site
      348 min
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    1615 Interstate 35
    San Marcos, TX 78666-6711
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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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