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

    2115 Stephens Pl New Braunfels, TX 78130

    • Commercial real estate
    • 6,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9737887
    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

    • Mundorf Wealth Management / Consultant
    • Amz Getaways & Realty / Vacation Home Rental Agency / Real Estate Agency
    • Reddy Nagakrishna MD / Obstetrician-Gynecologist / Doctor
    • Nasha Reddy, MD / Obstetrician-Gynecologist
    • Ply Family Wellness / Holistic Medicine Practitioner / Nutritionist

    Property Details for 2115 Stephens Pl

    Year built
    2014
    Property size
    6,000 SF
    Property type
    Commercial real estate

    Description

    This single-story, 6,000 square foot Class B office building, constructed in 2014, offers 21 suites for lease in New Braunfels, Texas. Located at 2115 Stephens Place, near FM 1101 and Creekside Crossing, this property boasts a convenient location within the San Antonio submarket, providing easy access to major highways, including IH 35 and IH 10 (15 miles away). The building features a 10-foot ceiling height and is zoned MU-B. Individual suites range from a minimum of 174 square feet to a maximum contiguous space of 324 square feet, making it suitable for a variety of business needs, from small startups to established professionals. The property is situated in Comal County (APN 385499) and offers multiple tenancy options. This is an excellent opportunity to secure modern, efficient office space in a thriving Texas community. The building's strategic location offers unparalleled connectivity to major business centers, making it an ideal choice for businesses seeking both comfort and accessibility. The property's design and amenities provide a professional and productive work environment, perfect for impressing clients and elevating your business presence. Available spaces are ideal for businesses seeking a premium workspace in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Braunfels
    County
    Comal
    State
    Texas
    Longitude
    -98.0749939
    Latitude
    29.7187774

    Comparable in this City

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      3,700 SF

      New Braunfels Office Space Available

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      Retail and Office Space Available

      New retail and office building for lease in New Braunfels.
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    • $24 SF/Yr
      1,568 SF

      Professional Office Space in New Braunfels

      1,568 SF office suite with private offices and storage.
      831 Landa St, New Braunfels, TX 78130
      View Details
    • $18 SF/Yr
      2,785 SF

      Creative Office Suites For Lease

      Creative office suites available for lease in New Braunfels, TX.
      967 N Academy Ave, New Braunfels, TX 78130
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    • $25 SF/Yr
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      Class A Medical Office Space

      New Class A medical/retail space for lease, ready for occupancy.
      1750 East Common St, New Braunfels, TX 78130
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    • $25 SF/Yr
      13,411 SF

      New Braunfels Medical/Office Space

      Move-in ready office space near hospitals and major routes.
      66 Gruene Park Dr, New Braunfels, TX 78130
      View Details

    Similar Nearby for Sale

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      New Braunfels Commercial Land

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      Generations Medical Office Condo

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    • $450,000
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      Historic Home in Downtown New Braunfels

      Charming 1845 single-family home near Comal River.
      195 E Coll St, New Braunfels, TX 78130
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    • $4,650,000
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      Renovated Office/Warehouse on 6 Acres

      Renovated office/warehouse on 6 acres in developing area.
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      Commercial Property with Remodeled Structure

      Remodeled commercial property with street frontage and ample parking.
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    Similar Nearby for Lease

    • $30 SF/Yr
      3,700 SF

      New Braunfels Office Space Available

      IH-35 Corridor Office Suites, 1400-3700 sqft
      840 Business Ih 35, New Braunfels, TX 78130
      View Details
    • $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
    • $24 SF/Yr
      1,568 SF

      Professional Office Space in New Braunfels

      1,568 SF office suite with private offices and storage.
      831 Landa St, New Braunfels, TX 78130
      View Details
    • $18 SF/Yr
      2,785 SF

      Creative Office Suites For Lease

      Creative office suites available for lease in New Braunfels, TX.
      967 N Academy Ave, New Braunfels, TX 78130
      View Details
    • $25 SF/Yr
      18,600 SF

      Class A Medical Office Space

      New Class A medical/retail space for lease, ready for occupancy.
      1750 East Common St, New Braunfels, TX 78130
      View Details
    • $25 SF/Yr
      13,411 SF

      New Braunfels Medical/Office Space

      Move-in ready office space near hospitals and major routes.
      66 Gruene Park Dr, New Braunfels, TX 78130
      View Details
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    2115 Stephens Pl
    New Braunfels, TX 78130
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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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