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    16800 Lookout Rd Schertz, TX 78154

    New
    For Sale
    $3,900,000

    MULTI_FAMILY - Selma, TX

    Property size:
    17,100 SF
    Lot size:
    3.13 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 9 at 5:06 pm

    Property Features for 16800 Lookout Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Size
    17,100 SF
    Lot size
    3.13 Acres

    Building Details

    Year built
    2010

    Real Broker, LLC (214) 202-7615 [email protected]

    Listing agent Amanda Mercer (855) 450-0442

    Listing date Dec 5, 2025

    MLS# 1837616 Listing URL

    Copyright © 2025 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Partially Complete Multifamily Development

    This partially complete multifamily development is located in Selma, Texas. The entitled property spans 3.13 acres and features utilities already on site. The original design plan included 34 townhomes and a clubhouse. Eight of the units have been built but require significant updating. The property offers the potential to rework the original design for better use. A new hospital is under construction across the street from the property. The site provides easy access to I35 and Loop 1604 and benefits from high traffic and visibility. The existing structure has a property size of 17100 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Schertz
    County
    Guadalupe
    State
    Texas
    Longitude
    -98.314417
    Latitude
    29.59205

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    FAQs

    What type of property is this?
    Apartment building - Multifamily development opportunity with high potential in Selma, Texas.
    Where is this apartment building located?
    The property is located at 16800 Lookout Rd Schertz, TX.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - Entitled property ready for development; - Utilities are already on site; - High visibility location on a high-traffic road
    (855) 450-0442
    Request Owner's contact information
    16800 Lookout Rd Schertz, TX 78154
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    Schertz, TX 78154
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    Realmo Value Estimation

    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.

    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.

    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
    16800 Lookout Rd Schertz, TX 78154
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