Commercial Building on Startz
For Sale
$850,000
10221 Startz Rd, Canyon Lake, TX 78133
Commercial building with workspace on 0.88 acres.
Property Size3,157 SF
Lot Size0.88 Acres
Price / SF$293.10
Days on Market166
Property Features for 10221 Startz Rd
General Information
Standard status
Active
Size
3,157 SF
Lot size
0.88 Acres
Property subtype
Commercial
Building Details
Building Size
3,157 SF
Year Built
2023
Stories
1
Listing Agency:
All City San Antonio Registere
(210) 625-1459
Listed By:
Mindi Stange · License #0646223
(210) 625-1459
Source:
Elliman
Added: Mar 10
Changed: Aug 12
Last Checked: Aug 22 at 7:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of All City San Antonio Registere
Investment Insights
Based on property information with market context.
This commercial property features a 2900 sq ft building with covered and cooled workspace, situated on 0.88 acres. The building includes multiple AC units and spray foam insulation throughout. The property is equipped with RV hookups, epoxy floors, and two automatic gates. A drive-through bay is accessible via a total of three roll-up doors, one of which is electric. Covered outside parking is available, along with ample space for equipment. The property also includes two Conex containers available for separate purchase. The property benefits from high daily traffic on Startz Road.
Key Highlights
- High‑traffic location on Startz Road ideal for commercial ventures.
- Newly constructed (2023) 2900 sq ft commercial building.
- Benefit from energy‑efficient spray foam insulation and multiple AC units.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,820
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$776,400
$776.4K
Cap Rate 7%
$554,571
$554.6K
Cap Rate 9%
$431,333
$431.3K
Market Conditions
NOI Build-Up for 2,900 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.8K $19.92/SF
− Vacancy
−$2.3K −$0.80/SF
EGI
$55.5K $19.12/SF
− OpEx
−$16.6K −$5.74/SF
NOI
$38.8K $13.39/SF
Area
Comal County, TX
Vacancy
4.00%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$776,400
Cap Rate 7%
$554,571
Cap Rate 9%
$431,333
Alternative Uses
Best Use
Retail
$554.6K
$485.3K – $647.0K
NOI $38,820 @ 7.0% cap · market cap 4.57%
Second Best
Industrial
$248.0K
$217.0K – $289.3K
NOI $17,357 @ 7.0% cap · market cap 2.04%
Theoretical Best
Office A
$739.7K
$647.3K – $863.0K
NOI $51,782 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78133, TX
20,787
Population
11,208
Households
1.9
Avg Household Size
52
Median Age
33%
College-Educated
94%
High-School Grad
75.5 sq mi
ZIP Area
275
Density / Sq Mi
$80,777
Median Household Income
$45,470
Median Earnings
$1,236
Median Rent
$300,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Commercial building with workspace on 0.88 acres.
Where is this auto shop located?
The property is located at 10221 Startz Rd Canyon Lake, 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: High‑traffic location on Startz Road ideal for commercial ventures.; Newly constructed (2023) 2900 sq ft commercial building.; Benefit from energy‑efficient spray foam insulation and multiple AC units.
