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    110 Maricopa Drive Canyon Lake, TX 78133

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    Claim this Listing
    For Sale
    $799,000

    COMMERCIAL - Canyon Lake, TX

    Property size:
    2,470 SF
    Lot size:
    2.93 Acres
    Price / SF:
    $323/SF
    Added:
    Nov 15, 2025
    Days on Market:
    172
    Last Refresh:
    May 6 at 1:06 pm

    Property Features for 110 Maricopa Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    79668
    Size
    2,470 SF
    Lot size
    2.93 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    A-518 SUR- 20 R SOWTER, ACRES 2.93

    Utilities

    Sewer type
    Public Sewer, Septic Tank
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1940
    Floors in Building
    2
    Flooring type
    Vinyl, Linoleum, Carpet, Concrete
    Building materials
    Frame, LapSiding, Stone, StoneVeneer
    Roof type
    Mixed, Metal

    We can help!

    Listing Contact
    Cynthia Griffin

    Listing agent Cynthia Griffin License #0377151

    Listing office Saxet Realty, Inc 956 Military Dr., Canyon Lake, TX

    Listing date Nov 15, 2025

    MLS# 597742

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility 2.93‑acre corner property at a lighted intersection on FM 306, ideal for commercial or residential development.
    • No zoning or deed restrictions, offering endless redevelopment possibilities.
    • Prime location near popular attractions: Guadalupe's Horseshoe, Whitewater Amphitheater, and Camp Fimfo.
    • Significant FM 306 frontage (approx. 324 feet) and high traffic count (AADT 10,916).
    • Existing 2,470 SF structure (built in 1940) with potential for repurposing (restaurant, B&B, etc.) or removal for new construction.
    • Conventional septic system replaced in 2019 (permit available).

    Overview

    Canyon Lake Corner Commercial Property

    This 2.93-acre corner property is located at a lighted intersection on the southwest corner of FM 306 and Maricopa Drive, in the Sattler community of Canyon Lake. The site is across from Mountain Valley Elementary and 0.4 miles from the Guadalupe's Horseshoe, Whitewater Amphitheater, and Camp Fimfo. The property has approximately 324 feet of frontage on FM 306, which sees an average annual daily traffic count of 10,916 vehicles as of 2024. The Comal Appraisal District designates this property as commercial. The existing 2,470 square foot structure was built in 1940 and may have previously served as a lodge or small hotel, though it has been used as a single-family residence for the past 43 years. There are no zoning or deed restrictions, offering redevelopment possibilities. The existing structure could be repurposed into a restaurant, bed & breakfast, lodge, or boutique hotel, with the adjoining land accommodating a new commercial building. Alternatively, the existing improvements could be removed for a larger commercial development, or kept as a vintage homestead. Water service is provided by Texas Water Co. A conventional septic system was replaced in 2019, and a permit is available. The property will convey AS-IS with no seller's disclosures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Maricopa Riverside Lodge — 12381 fm306, canyon lake, tx 78133
    • The Lucky Goat House — 189 Kuntry Ln, Canyon Lake, TX 78132
    • The Gnarly Goat House — 174 Kuntry Ln, Canyon Lake, TX 78132
    • Cypress Falls River Retreat — 15960 S Access Rd, Canyon Lake, TX 78133
    • The Old Goat House — 135 Kuntry Ln, Canyon Lake, TX 78132

    Location Insight

    • Map
    • Local Demand
    City
    Canyon Lake
    County
    Comal
    State
    Texas
    Longitude
    -98.1705165
    Latitude
    29.8649472

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    FAQs

    What type of property is this?
    Bed & breakfast - 2.93-acre corner lot with high visibility and redevelopment potential.
    Where is this bed & breakfast located?
    The property is located at 110 Maricopa Drive Canyon Lake, TX.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: High‑visibility 2.93‑acre corner property at a lighted intersection on FM 306, ideal for commercial or residential development.; No zoning or deed restrictions, offering endless redevelopment possibilities.; Prime location near popular attractions: Guadalupe's Horseshoe, Whitewater Amphitheater, and Camp Fimfo.
    (850) 313-9890
    We can help!
    Listing Contact
    Cynthia Griffin
    Real Estate License ID: 0377151
    Learn More
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    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.

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