672 Ridge Hill DrNew Braunfels, TX 78130

Property Details for 672 Ridge Hill Dr

Year built

2005

Lot size

0.66 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $948,482

  6.5%

  $875,522

  7%

  $812,984

• Comparable approach

  Method

  Valuation

  Relative Method

  $979,988

  Geo Method

  $979,988

• Alternative Use

  Use

  Valuation

  Residential

  $1,085,647

  Hospitality

  $994,446

  Educational

  $827,368

  Medical

  $855,822

  Retail

  $1,287,017

Location Insight

City

New Braunfels

County

Comal

State

Texas

Latitude

29.7063

Longitude

-98.1623

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].