532 Union AveNew Braunfels, TX 78130

  • Office buildings
  • 936 SF
For Sale
$475,000 View listing

Property Details for 532 Union Ave

Year built
1954
Lot size
0.25 AC
Property size (Sq ft)
936 SF
Property type
Office buildings
APN
5-0000-0549-00
APU
50000054900

Description

This exceptional 936 sq ft Class B office building in New Braunfels, TX, is available for $475,000 ($507.48/sq ft). Completely renovated in 2021, it features a new roof with 30-year architectural shingles, new AC unit and handler, updated windows, electrical, texture paint, and drywall, plus new vinyl plank flooring. The single-story building sits on a 0.25-acre lot with 15 parking spaces and 50 feet of road frontage, offering excellent visibility. Zoned C-1, this vacant property presents a turnkey opportunity for owner-users, ideally suited for medical practices given its proximity to Christus Santa Rosa Hospital. The fully paved rear parking lot adds further convenience. Its location near Schlitterbahn also provides significant marketing potential. This is a rare chance to acquire a renovated, well-located commercial property in a thriving Texas market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $226,137
    6.5%
    $208,742
    7%
    $193,832
  • Comparable approach

    Method
    Valuation
    Relative Method
    $212,725
    Geo Method
    $212,725
  • Alternative Use

    Use
    Valuation
    Residential
    $258,840
    Hospitality
    $237,096
    Educational
    $197,261
    Medical
    $204,046
    Retail
    $306,851

Location Insight

City
New Braunfels
County
Comal
State
Texas
Latitude
29.7142
Longitude
-98.1221
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
$5,600
$221,470
$102,850
$324,320
-
$221,470
$102,850
$324,320

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