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    250 Mail Route Rd Fischer, TX 78623

    View on Map
    Sponsored
    For Sale
    $850,000

    Improved Land - Fischer, TX

    Property size:
    1,950 SF
    Lot size:
    13.48 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 21 at 2:06 pm

    Property Features for 250 Mail Route Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    5471
    Exterior features
    Stable/Barn
    Size
    1,950 SF
    Lot size
    13.48 Acres

    Utilities

    Heating system
    Wood (Heating), Wood Stove
    Cooling system
    Multi Units, Window Unit(s)
    Water front features
    Creek, Waterfront
    Water front
    1

    Building Details

    Year built
    1850
    Architectural style
    Other
    Additional Structures
    Barn(s), Stable(s)

    We can help!

    Listing Contact
    Jayne Carruthers

    MXPRO Realty

    Listing agent Jayne Carruthers License #0777193

    Listing date Mar 17, 2026

    MLS# 21208611 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Unrestricted Land Near Canyon Lake

    This property features 13.48 unrestricted acres in a Hill Country location, complete with a well, septic system, electric service, and a creek. The land includes a 1950-square-foot home, constructed in the 1850s from stone and wood, along with a barn. Situated 2 miles from Canyon Lake's shores and a short distance from the intersection of FM 32 and FM 3424, the location is 3.8 miles from Canyon Lake Marina and less than one mile from Canyon Lake High School and Ledgestone RV Resort. The property is near shopping, restaurants, fishing, boating, entertainment, and the cities of New Braunfels, San Antonio, Blanco, San Marcos, Austin, and Wimberly. The historic rock and wood house, known locally as the Halfway House, includes its own water well, septic system, tankless hot water heater, wood-burning stove, and window air conditioning. The property also features a barn. The home, while needing updates and repairs, is at the front of the property with a gated entrance. Two additional gates to the south and north provide parking and property access. This structure could serve as a unique guest house or a professional entrance office for an RV or tiny home park. The acreage offers commercial potential and is located off the intersection of FM 32 and FM 3424, 1.5 miles to FM 306, with access to HWY 281 and I-35. Ag and Wildlife exemption is perfect for bees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Auto Repair Shop Hotel & Motel Electrical Service Bed & Breakfast Restaurant Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Fischer
    County
    Comal
    State
    Texas
    Longitude
    -98.206927
    Latitude
    29.943277

    Nearby Similar for Sale

    • $519,900
      11.55 Acres

      Hill Country Ranch Lot

      11.55-acre ranch lot in Fischer, TX with utilities.
      837 Crystal Peak Dr, Fischer, TX 78623
      View Details

    FAQs

    What type of property is this?
    Commercial land - 13.48 acres with historic home near Canyon Lake.
    Where is this commercial land located?
    The property is located at 250 Mail Route Rd Fischer, TX.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - 13.48 UNRESTRICTED acres with commercial potential; - Historic 1850s stone and wood home ('Halfway House') with unique character; - Well, septic, and electric already in place
    (830) 273-5008
    Request Owner's contact information
    250 Mail Route Rd Fischer, TX 78623
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    Fischer, TX 78623
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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.

    More about this property
    250 Mail Route Rd Fischer, TX 78623
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    We can help!
    Listing Contact
    Jayne Carruthers
    Real Estate License ID: 0777193
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