Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    254 Ml St New Braunfels, TX 78130-5046

    • Office buildings
    • 3,000 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3829183
    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

    • Casteel & Casteel / Attorney / Divorce Lawyer
    • Casteel Barron / Attorney
    • Carter Casteel / Attorney

    Property Details for 254 Ml St

    Year built
    1998
    Lot size
    0.21 lot acres
    Property size
    3,000 SF
    Property type
    Office buildings
    APN
    2-0000-0054-00
    APU
    20000005400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $290,000
      Market price range: $207k - $470k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $330,000
      Current use
      AUTO REPAIR, GARAGE
      $395,000
      Change: +20% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $380,000
      Change: +16% Conversion: Easy
      RETAIL STORES
      $275,000
      Change: -17% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    New Braunfels
    County
    Comal
    State
    Texas
    Longitude
    -98.1244
    Latitude
    29.7047
    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
    $10,481
    $198,100
    $408,930
    $607,030
    -
    $198,100
    $408,930
    $607,030

    Comparable in this City

    • Value Estimation
      $415,000
      11,572 SF

      171 Ml St

      OFFICE BUILDING • 11,572 SF
      171 Ml St, New Braunfels, TX 78130-5045
      View Details
    • Value Estimation
      $595,000
      21,984 SF

      1409 Fm 1101

      OFFICE BUILDING • 21,984 SF
      1409 Fm 1101, New Braunfels, TX 78130-2622
      View Details
    • Value Estimation
      $1,040,000
      64,715 SF

      1511 Cmn St

      OFFICE BUILDING • 64,715 SF
      1511 Cmn St, New Braunfels, TX 78130-3154
      View Details
    • Value Estimation
      $710,000
      15,794 SF

      66 Gruene Park Dr

      OFFICE BUILDING • 15,794 SF
      66 Gruene Park Dr, New Braunfels, TX 78130-2218
      View Details
    • Value Estimation
      $875,000
      9,813 SF

      1439 Hanz Dr

      OFFICE BUILDING • 9,813 SF
      1439 Hanz Dr, New Braunfels, TX 78130-2567
      View Details
    • Value Estimation
      $760,000
      10,885 SF

      2111 Interstate 35th S

      OFFICE BUILDING • 10,885 SF
      2111 Interstate 35th S, New Braunfels, TX 78130-6862
      View Details

    Similar Nearby for Sale

    • $6,000,000
      20,000 SF

      Renovated Office Building in Texas

      20,000 SF professional office building for sale in New Braunfels.
      707 Landa St, New Braunfels, TX 78130
      View Details
    • $475,000
      3,154 SF

      New Braunfels Office Building

      3,154 SF office building in New Braunfels, TX for sale.
      1149 S Academy Ave, New Braunfels, TX 78130
      View Details
    • $1,400,000
      7,488 SF

      Office Building with Storage Warehouse

      Two-story office building with storage warehouse on 2.46 acres.
      650 Landa St, New Braunfels, TX 78130
      View Details
    • $2,900,000
      7,500 SF

      I-35 Commercial Property Available

      Multi-use property on I-35 in New Braunfels, Texas.
      25301 N Interstate 35, New Braunfels, TX 78130
      View Details
    • $3,900,000
      8,640 SF

      New Braunfels Commercial Development Opportunity

      8,640 SF building in New Braunfels with development potential.
      806 Via Principale, New Braunfels, TX 78130
      View Details
    • $1,249,000
      1,596 SF

      New Braunfels Commercial Land

      12.5 Acres, Prime Location, Vacant
      1807 Fm 758, New Braunfels, TX 78130
      View Details

    Similar Nearby for Lease

    • $36 SF/Yr
      20,128 SF

      New Braunfels Medical/Professional Office Space

      New medical and professional office building for lease in New Braunfels.
      671 Ridge Hill Dr, New Braunfels, TX 78130
      View Details
    • $18 SF/Yr
      1,568 SF

      Downtown Office Building For Lease

      1,568 SF office building in the heart of New Braunfels.
      268 E Mill St, New Braunfels, TX 78130
      View Details
    • $25 SF/Yr
      2,750 SF

      Office Building with Workshop Space

      Office building with workshop for lease in New Braunfels.
      2461 Loop 337, New Braunfels, TX 78130
      View Details
    • $20 SF/Yr
      1,539 SF

      Medical Office Space Available

      Second generation medical office space for lease, ready for occupancy.
      652 N Houston 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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    254 Ml St
    New Braunfels, TX 78130-5046
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.