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

    18 Gruene Park Dr New Braunfels, TX 78130-2460

    • Retail space
    • 1,920 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7494998
    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

    • Intoxalock Ignition Interlock / Building Supply / General Contractor
    • 10 minute pharmacy / Pharmacy
    • Arcpoint Labs of New Braunfels / Laboratory
    • Rohailreza Inc / Pharmacy
    • Judith Garza / Pharmacy

    Property Details for 18 Gruene Park Dr

    Year built
    2014
    Lot size
    0.39 lot acres
    Property size
    1,920 SF
    Property type
    Retail space
    APN
    20-0255-0005-00
    APU
    200255000500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New Braunfels
    County
    Comal
    State
    Texas
    Longitude
    -98.0949
    Latitude
    29.7264
    CBSA code
    41700
    CBSA name
    SAN ANTONIO, 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
    $12,501
    $328,150
    $376,570
    $704,720
    -
    $328,150
    $376,570
    $704,720

    Comparable in this City

    • Value Estimation by Request
      1,596 SF

      1807 Farm To Market Rd

      Lifestyle centers • 1,596 SF
      1807 Farm To Market Rd, New Braunfels, TX 78130
      View Details
    • Value Estimation
      $990,000
      21,734 SF

      559 San Antonio St

      RETAIL STORES (PERSONAL SERVICES) • 21,734 SF
      559 San Antonio St, New Braunfels, TX 78130-7903
      View Details
    • Value Estimation
      $660,000
      4,462 SF

      1071 State Hwy 46th S

      RETAIL STORES (PERSONAL SERVICES) • 4,462 SF
      1071 State Hwy 46th S, New Braunfels, TX 78130-2811
      View Details
    • Value Estimation
      $850,000
      17,400 SF

      692 Walnut Ave

      RETAIL STORES (PERSONAL SERVICES) • 17,400 SF
      692 Walnut Ave, New Braunfels, TX 78130-5723
      View Details
    • Value Estimation
      $7,625,000
      218,411 SF

      651 Business Ih 35

      RETAIL STORES (PERSONAL SERVICES) • 218,411 SF
      651 Business Ih 35, New Braunfels, TX 78130-7873
      View Details
    • Value Estimation
      $2,785,000
      23,364 SF

      1312 Cmn St

      RETAIL STORES (PERSONAL SERVICES) • 23,364 SF
      1312 Cmn St, New Braunfels, TX 78130-3568
      View Details

    Similar Nearby for Sale

    • $1,249,000
      1,596 SF

      New Braunfels Commercial Land

      12.5 Acres, Redevelopment Opportunity
      1807 Farm To Market Rd 758, New Braunfels, TX 78130
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    • $510,000
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      High-Traffic Commercial Property in New Braunfels

      Versatile commercial property with high visibility and accessibility.
      1290 S Business I-35, New Braunfels, TX 78130
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    • $149,000
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      Retail Land in New Braunfels

      Retail property for sale in New Braunfels, Texas.
      520 S Grant Ave, New Braunfels, TX 78130
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    • $1,249,000
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      New Braunfels Commercial Land

      12.5 Acres, Prime Location, Vacant
      1807 Fm 758, New Braunfels, TX 78130
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    • $1,250,000

      Prime Corner Lot in New Braunfels

      High-traffic corner lot suitable for retail, restaurant, office, or automotive.
      211 N Business Ih 35, New Braunfels, TX 78130
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    • $10,000,000

      New Braunfels Investment Opportunity

      Extensive income-producing property with retail and residential sources.
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    Similar Nearby for Lease

    • $34 SF/Yr
      7,000 SF

      Retail and Office Space Available

      New retail and office building for lease in New Braunfels.
      1206 Gruene Rd, New Braunfels, TX 78130
      View Details
    • $28 SF/Yr
      1,239 SF

      Retail Space in New Braunfels

      Retail space available for lease in New Braunfels, Texas.
      2009 S Walnut Ave, New Braunfels, TX 78130
      View Details
    • $2,500 /Mo
      395 SF

      Retail/Office Space Near Schlitterbahn

      Retail or office space in a high-tourism area.
      211 W Lincoln St, New Braunfels, TX 78130
      View Details
    • $28 SF/Yr
      3,405 SF

      Retail Space with IH-35 Visibility

      Retail space in New Braunfels with excellent highway visibility.
      280 N Business Ih 35, New Braunfels, TX 78130
      View Details
    • Contact for pricing
      15,000 SF

      Retail Space in Growing Area

      Retail spaces ideal for restaurant & service-oriented businesses.
      & IH-35 Nec Of Ransom Dr, New Braunfels, TX 78130
      View Details
    • $5,000 /Mo
      4,014 SF

      New Braunfels Commercial Space Available

      Retail or office space near Schlitterbahn/Six Flags in New Braunfels.
      211 W Lincoln St, New Braunfels, TX 78130
      View Details
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    18 Gruene Park Dr
    New Braunfels, TX 78130-2460
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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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