Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    415 N Hickory Ave New Braunfels, TX 78130
    Back to Search
    Property profile & analytics

    415 N Hickory Ave New Braunfels, TX 78130

    View on Map
    • Commercial real estate
    • 1,384 SF
    • 3.71 lot acres
    For Sale
    $575,000
    View Listing →
    Residential Land in Growing Market For Sale
    $575,000
    3.71 Acres

    Residential Land in Growing Market

    Versatile land in New Braunfels, TX, for residential development.

    415 N Hickory Avenue, New Braunfels, TX 78130
    View Listing
    Property ID
    US82-7313878
    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

    • Commercial real estate

    Property Details for 415 N Hickory Ave

    Year built
    1980
    Lot size
    3.71 lot acres
    Property size
    1,384 SF
    Property type
    Commercial real estate
    APN
    60-0980-0031-00
    APU
    600980003100

    Description

    This exceptional 3.713-acre parcel in New Braunfels, Texas, presents a compelling investment opportunity. Located at 415 N Hickory Ave, in Comal County (zip code 78130), this property is zoned R-2, allowing for single-family and two-family residential development. The land offers significant potential for multiple housing units, capitalizing on the high demand for residential properties in this rapidly growing market. Priced at $649,000 ($4.01/sq ft), this inner-city location provides easy access to retail and other services. Existing greenhouses on the site will be removed by December 31, 2024. The property's APN is 71303. This versatile tract is ideal for developers and investors seeking a promising venture in a thriving Texas real estate market. The site's strategic location and R-2 zoning make it suitable for a variety of residential projects, from single-family homes to multi-family dwellings. This is a rare infill opportunity in a highly desirable area, offering significant upside potential for the discerning investor. The property's size and location make it equally attractive to those seeking a large acreage lot for a single-family estate.

    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
    New Braunfels
    County
    Comal
    State
    Texas
    Longitude
    -98.1387
    Latitude
    29.695
    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
    $0.00
    $346,120
    $113,270
    $459,390
    -
    $346,120
    $113,270
    $459,390

    Comparable in this City

    • Value Estimation by Request
      9.76 Acres

      2841 Goodwin Ln

      Land • 9.76 Acres
      2841 Goodwin Ln, New Braunfels, TX 78130
      View Details
    • Value Estimation by Request
      1,998 SF

      409 Constance Dr

      Distribution properties • 1,998 SF
      409 Constance Dr, New Braunfels, TX 78130
      View Details
    • Value Estimation by Request
      1,903 SF

      1913 Ludwig Pt

      Distribution properties • 1,903 SF
      1913 Ludwig Pt, New Braunfels, TX 78130
      View Details
    • Value Estimation by Request
      20.00 Acres

      2655 Fm 725

      Land • 20.00 Acres
      2655 Fm 725, New Braunfels, TX 78130
      View Details
    • Value Estimation by Request
      717,433 SF

      4261 Interstate 35

      Land • 717,433 SF
      4261 Interstate 35, New Braunfels, TX 78130
      View Details
    • Value Estimation by Request
      0.53 Acres

      155 Brg St

      COMMERCIAL (GENERAL) • 0.53 Acres
      155 Brg St, New Braunfels, TX 78130
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Entitled Multifamily Development Site

      12.28 acre site with plans for 378 units.
      Sophie Ln, New Braunfels, TX 78130
      View Details
    • Contact for pricing

      Unimproved Land with Development Potential

      6.2 acre lot with development potential near metropolitan areas.
      190 Prairie View Rd, New Braunfels, TX 78130
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Executive Office Suites For Rent

      Executive office suites available in New Braunfels, Texas.
      1111 N Walnut Ave, New Braunfels, TX 78130
      View Details
    • Contact for pricing

      Office Space for Rent

      Office space available for rent in New Braunfels, Texas.
      640 N Walnut Ave, New Braunfels, TX 78130
      View Details
    • $2,500 /Mo
      1,600 SF

      Office Warehouse with Yard

      Office warehouse with yard, bay doors, and utilities access.
      30-70 Sauder Dr, New Braunfels, TX 78130
      View Details
    • Contact for pricing

      Retail Development Land For Lease

      Upcoming retail development in rapidly growing New Braunfels, TX market.
      Fm 725, New Braunfels, TX 78130
      View Details
    • $25 SF/Yr

      Generations Drive Professional Office Space

      Shell space available in medical office development near Resolute Health.
      790 Generations Dr, New Braunfels, TX 78130
      View Details
    • $1,500 /Mo
      1,500 SF

      Flex Space in New Braunfels

      Flex space with easy access and small yard space.
      5323 Fm 1044, New Braunfels, TX 78130
      View Details
    View Listing
    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.
    415 N Hickory Ave
    New Braunfels, TX 78130
    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

    Thank You for Inquiry
    415 N Hickory Ave, New Braunfels, TX, 78130
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!