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    18830 Forty Six Pkwy Spring Branch, TX 78070
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    Property profile & analytics

    18830 Forty Six Pkwy Spring Branch, TX 78070

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    • Medical Office Space
    • 1,537 SF
    Off-Market
    Property ID
    US82-3645090
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Home Builders of Piepers Settlement / Construction Company / General Contractor

    Property Details for 18830 Forty Six Pkwy

    Year built
    2023
    Property size
    1,537 SF
    Property type
    Medical Office Space

    Description

    This exceptional 1,537-square-foot office space, built in 2023, is available for lease in Comal County. The property is a single-story, single-tenant building, offering complete privacy and control. Its versatile design makes it suitable for a variety of uses, including traditional office space, executive suites, or medical offices. The entire 1,537 square feet is currently vacant, providing a blank canvas for your business needs. The building's modern construction ensures efficient and comfortable operations. Located in Comal County, this property offers easy access to local amenities and transportation routes. This is an excellent opportunity for a business seeking a modern, efficient, and conveniently located office space. The single-tenant occupancy eliminates the complexities of shared spaces, allowing for complete customization and control over the environment. The property's 2023 construction guarantees up-to-date building systems and finishes. This turnkey solution allows for immediate occupancy and a seamless transition for your business. Contact us today to schedule a viewing and explore the possibilities of this exceptional office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Branch
    County
    Comal
    State
    Texas
    Longitude
    -98.40569843
    Latitude
    29.79814952

    Comparable in this City

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      Office Space Available For Rent

      Office space available, offering 1,116 square feet.
      18568 Forty Six Pkwy, Spring Branch, TX 78070
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    • $900 /Mo

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      Versatile Commercial Space in Spring Branch

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      Charming Cottage Office in Spring Branch

      900 SF office space with utilities included in Spring Branch.
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      Commercial Space Near Guadalupe River

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    Similar Nearby for Lease

    • New
      $850 /Mo
      3,900 SF

      Office Space with Warehouse Access

      Office space with warehouse door and storage included.
      23065 State Highway 46, Spring Branch, TX 78070
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available, offering 1,116 square feet.
      18568 Forty Six Pkwy, Spring Branch, TX 78070
      View Details
    • $900 /Mo

      Office Space with Warehouse Door

      400 SF office space with warehouse and included utilities.
      23065 Second Frk, Spring Branch, TX 78070
      View Details
    • New
      $1,395 /Mo
      3,900 SF

      Versatile Commercial Space in Spring Branch

      Combined office and warehouse space with included utilities.
      23065 State Highway 46, Spring Branch, TX 78070
      View Details
    • Contact for pricing

      Charming Cottage Office in Spring Branch

      900 SF office space with utilities included in Spring Branch.
      17130 Tx-46, Spring Branch, TX 78070
      View Details
    • $2,700 /Mo
      2,223 SF

      Commercial Space Near Guadalupe River

      Unique commercial space with river access and versatile features.
      211 Uecker Dr, Spring Branch, TX 78070
      View Details
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    Spring Branch, TX 78070
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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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