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    4669 Fm 2673 Canyon Lake, TX 78133

    View on Map
    Sponsored
    For Sale
    $1,249,900

    COMMERCIAL - Canyon Lake, TX

    Property size:
    2,995 SF
    Lot size:
    7.55 Acres
    Days on Market:
    49
    Last Refresh:
    Mar 20 at 1:06 pm

    Property Features for 4669 Fm 2673

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    79602
    Parking features
    Carport, Driveway
    Interior features
    BedroomOnMainLevel, FullBathOnMainLevel
    Size
    2,995 SF
    Lot size
    7.55 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Private, Well

    Building Details

    Year built
    1979
    Floors in Building
    1
    Flooring type
    Tile, Vinyl
    Building materials
    HardiplankType, Masonry, StoneVeneer
    Roof type
    Composition, Shingle

    We can help!

    Listing Contact
    Lakefront Grp & Hill Country Luxury Grp

    Keller Williams Heritage

    Listing agent Lakefront Grp & Hill Country Luxury Grp License #Lakefront

    Listing date Jan 30, 2026

    MLS# 603123

    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.

    Learn more

    Property Insight Report

    Overview

    Unrestricted Land with Commercial Potential

    This Hill Country property, situated on 7.55 unrestricted acres, features two homes and offers potential for expansion. The property includes two septic systems and three power poles. The renovated guest cabin is suitable for multi-generational living, hosting, or rental use. Two winding wet-weather creeks enhance the natural beauty and separation across the land. The main home, remodeled in 2022, features light-filled living spaces, a stone fireplace, a massive granite island, custom cabinetry, soft-close drawers, and updated appliances. An outdoor deck and plunge pool are also present. The guest cabin includes a full kitchen, en suite bedroom, covered porch, a fresh roof, and an attached carport. The property also has a private well with cistern, new HVAC (2025), and an automatic gate. Multiple covered parking areas are available. The property is located minutes from Canyon Lake Dam and Guadalupe River access. The main home is 2995 square feet. The property is located in Canyon Lake, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Real Estate Agency Law Firm Building Supply Auto Repair Shop Kitchen & Bath Showroom Storage Facility Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Canyon Lake
    County
    Comal
    State
    Texas
    Longitude
    -98.2187828
    Latitude
    29.8368041

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    FAQs

    What type of property is this?
    Specialty property - 7.55 acres with two homes near Canyon Lake Dam.
    Where is this specialty property located?
    The property is located at 4669 Fm 2673 Canyon Lake, TX.
    What is the asking price?
    The asking price for this property is $1,249,900.
    What are key features of this property?
    This property features: - 7.55 acres of unrestricted land with commercial potential.; - Two homes: a remodeled main house (2022) and a renovated, income-ready guest cabin.; - Infrastructure in place for expansion: two septic systems and three power poles.
    (830) 507-3030
    Request Owner's contact information
    4669 Fm 2673 Canyon Lake, TX 78133
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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
    4669 Fm 2673 Canyon Lake, TX 78133
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    Listing Contact
    Lakefront Grp & Hill Country Luxury Grp
    Real Estate License ID: Lakefront
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