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

    66 Gruene Park Dr New Braunfels, TX 78130

    • Office buildings
    • 15,794 SF
    • 0.99 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Last Sale
    Jun 05, 2020
    Value Estimations
    $1,170,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4359496
    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

    • Airrosti Gruene / Sports Medicine Clinic / Medical Clinic
    • Dr. Amy Nguyen / Chiropractor
    • JUAN DANIEL BAZAN / Chiropractor
    • Dr. Freddy Angulo / Doctor / Internist
    • Clinical Pathology Laboratories (CPL) - Gruene Park Drive / Laboratory

    Property Details for 66 Gruene Park Dr

    Year built
    2009
    Lot size
    0.99 lot acres
    Property size
    15,794 SF
    Property type
    Office buildings
    APN
    20-0255-0009-00
    APU
    200255000900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $710,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,627,000
      Market price range: $1.09M - $2.47M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,725,000
      Current use
      RETAIL STORES
      $1,435,000
      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
    -98.0934
    Latitude
    29.7266
    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
    $60,311
    $688,217
    $2,711,783
    $3,400,000
    -
    $688,217
    $2,711,783
    $3,400,000

    Comparable in this City

    • Value Estimation by Request

      876 Loop 337

      5,078 SF office property for lease
      876 Loop 337 New Braunfels, TX 78130, New Braunfels, TX 78130
      View Details
    • Value Estimation
      $1,005,000
      6,690 SF

      1126 Loop 337

      OFFICE BUILDING • 6,690 SF
      1126 Loop 337, New Braunfels, TX 78130-3432
      View Details
    • Value Estimation
      $560,000
      2,376 SF

      385 Other Pl Dr

      OFFICE BUILDING • 2,376 SF
      385 Other Pl Dr, New Braunfels, TX 78130-4587
      View Details
    • Value Estimation
      $875,000
      5,312 SF

      54 Gruene Park Dr

      OFFICE BUILDING • 5,312 SF
      54 Gruene Park Dr, New Braunfels, TX 78130-2460
      View Details
    • Value Estimation
      $2,770,000
      21,272 SF

      2225 Cmn St

      OFFICE BUILDING • 21,272 SF
      2225 Cmn St, New Braunfels, TX 78130-3157
      View Details
    • Value Estimation
      $1,255,000
      9,078 SF

      1626 Cmn St

      OFFICE BUILDING • 9,078 SF
      1626 Cmn St, New Braunfels, TX 78130-3156
      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
    • $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
    • $450,000

      Updated Office Building in Medical District

      Commercial office space in New Braunfels Medical District, recently updated.
      532 N Union Ave, 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
    • $3,999,900

      Generations Medical Office Condo

      Professional office condo near Highway 35 in New Braunfels.
      790 Generations Dr, 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
    • $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
    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.
    66 Gruene Park Dr
    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

    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.