Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    7.8+ Acre Hill Country Land Title is generated by Realmo AI

    338 Sheridan, Canyon Lake, TX 78133

    View on Map
    Claim this Listing
    For Sale
    $585,000

    LAND - Canyon Lake, TX

    Lot size:
    7.82 Acres
    Added:
    Feb 5, 2026
    Days on Market:
    114
    Last Refresh:
    May 30 at 2:06 pm

    Property Features for 338 Sheridan

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    7.82 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5470

    We can help!

    Listing Contact
    Jan Boyle
    Jan Boyle

    Listing agent Jan Boyle

    Listing office Keller Williams Heritage 1717 N. Loop 1604 E, San Antonio, TX

    Listing date Feb 5, 2026

    MLS# 1874346 Listing URL

    Copyright © 2026 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.

    HighLights

    • 7.8+ acre property with panoramic 360‑degree views of the Texas Hill Country.
    • Located in the prestigious gated community of Heritage Oaks.
    • Ultimate privacy at the end of a quiet cul‑de‑sac.
    • Three prime building sites to design a custom home.
    • Land is thoughtfully cleared of cedar and professionally rock‑mulched.
    • Horses are welcome.

    Overview

    Located in the gated community of Heritage Oaks, this 7.8+ acre property offers privacy and panoramic 360-degree views of the Texas Hill Country. The land has been cleared of cedar and professionally rock-mulched. Horses are welcome. The property features three building sites, offering the opportunity to design and build a custom home in a resort-style setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Canyon Lake
    County
    Comal
    State
    Texas
    Longitude
    -98.290604
    Latitude
    29.841557

    Nearby Similar for Sale

    • $839,995
      4,766 SF

      Guadalupe Riverfront STR Investment

      Turnkey short-term rental investment on the Guadalupe River.
      546 Riverside Path, Canyon Lake, TX 78133
      View Details
    • $3,995,000
      9,174 SF

      Riverfront Property with Event Potential

      4.33-acre property with 19 rental units and event potential.
      515 Fm 2673, Canyon Lake, TX 78133
      View Details
    • $850,000
      3,157 SF

      Canyon Lake Commercial Building

      Commercial building with ample workspace on Startz Road.
      10221 Startz Road, Canyon Lake, TX 78133
      View Details
    • $539,000
      2,366 SF

      Waterfront Property with Lake Access

      Canyon Lake waterfront property with remodeled home and lake access.
      4343 Morningside Way, Canyon Lake, TX 78133
      View Details
    • $20
      5,170 SF

      Old Thyme Plaza Retail Space

      Commercial retail/office space in Old Thyme Plaza business strip center.
      1642 Fm 2673, Canyon Lake, TX 78133
      View Details
    • $3,549,000
      3,584 SF

      Hill Country Property with Lake Views

      30+ acre property with lake views and development potential.
      901 Cedar Rise, Canyon Lake, TX 78133
      View Details
    • $850,000
      640 SF

      Canyon Lake Recreational Income Property

      2.64-acre property with RV spaces and pickleball courts.
      14181 Fm 306 Lot B, Canyon Lake, TX 78133
      View Details
    • $389,400
      1,732 SF

      Unrestricted Land in Canyon Lake

      Versatile property near Canyon Lake suitable for various business ventures.
      8251 Fm 2673, Canyon Lake, TX 78133
      View Details
    • $294,999
      183,387 SF

      Canyon Lake Residential Land

      4.21-acre lot with Hill Country views in Canyon Lake.
      2240 San Jose, Canyon Lake, TX 78133
      View Details
    • $166,900
      80,150 SF

      Canyon Lake Land with Views

      1.84 acre lot with mature trees and lake views.
      2116 W ANDALUSIA, Canyon Lake, TX 78133-3035
      View Details
    • $599,000
      98,881 SF

      Hill Country Lot with Views

      2+ acre lot with Guadalupe River views in Canyon Lake.
      1853 Paradise Parkway, Canyon Lake, TX 78133
      View Details
    • $1,299,900
      8,982 SF

      Canyon Lake Commercial Property For Sale

      Commercial property in New Braunfels area, ideal for distribution, logistics.
      180 Spring Mountain Drive, Canyon Lake, TX 78133
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land with panoramic views in gated Heritage Oaks community.
    Where is this residential land & home lot located?
    The property is located at 338 Sheridan Canyon Lake, TX.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: 7.8+ acre property with **panoramic 360‑degree views** of the Texas Hill Country.; Located in the prestigious gated community of Heritage Oaks.; Ultimate privacy at the end of a quiet cul‑de‑sac.
    (210) 493-3030
    We can help!
    Listing Contact
    Jan Boyle
    Jan Boyle
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    338 Sheridan, Canyon Lake, TX 78133
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!