Property profile & analytics
672 Rdg Hl Dr New Braunfels, TX 78130-6607
- Office buildings
- 4,312 SF
- 0.66 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US82-1984324
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
- Veterans Point Home Loans / Loan Service / Bank
- Christian Insurance Services / Insurance Agency
- McCammon Law P.C. / Law Firm
- 10 Principles of Biblical Generosity / Association Or Organization
- Holistic Solutions NB / Gym & Fitness Center / Alternative Medicine Practice
Property Details for 672 Rdg Hl Dr
- Year built
- 2005
- Lot size
- 0.66 lot acres
- Property size
- 4,312 SF
- Property type
- Office buildings
- APN
- 35-0486-0051-00
- APU
- 350486005100
Description
This exceptional New Braunfels, TX office building presents a compelling investment opportunity. Located at 672 Ridge Hill Dr, 78130, this single-story, 4,236 square foot Class B property boasts a 5.30% cap rate and a strong net operating income (NOI) of $114,836 annually. Built in 2005 and renovated in 2021, the building features 19 parking spaces and is situated on commercially zoned land. Currently housing four tenants with a mix of lease terms (including one 5-year lease with inflation protection and several 1-year leases), the property offers excellent diversification. The 100% occupancy ensures immediate cash flow, with a potential for increased income through lease renewals or renegotiations. The seller is willing to assist with lease buyouts for certain suites, making this ideal for owner-occupancy. This property is priced attractively below replacement cost for the area, making it a highly desirable investment in a rapidly growing market. The building's strong financials, combined with its prime location and recent renovations, make it an exceptional opportunity for investors seeking a stable, high-return investment. The property is suitable for a 1031 exchange.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
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Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- New Braunfels
- County
- Comal
- State
- Texas
- Longitude
- -98.1623
- Latitude
- 29.7063
- 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
$14,946
$235,562
$630,098
$865,660
-
$235,562
$630,098
$865,660
