Mixed-Use Acreage With Multiple
For Sale
$485,000
10294 Park Road 37, Lakehills, TX 78063
Corner property combines a primary residence, cedar cabin, and two additional single-wide homes with potential commercial use.
Property Size1,393 SF
Lot Size8.56 Acres
Price / SF$348.17
Days on Market70
Property Features for 10294 Park Road 37
General Information
Standard status
Active
Size
1,393 SF
Lot size
8.56 Acres
Property Condition
Severity
Repairs Needed
Evidence
ready for your personal updates and finishing touches
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1989
Listing Agency:
Hi Energy Realty
Listed By:
Michelle Reichle
(210) 854-3060
Source:
Sarahildebrandaguilera
Added: Aug 8
Changed: Oct 3
Last Checked: Oct 7 at 5:19PM
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 Hi Energy Realty
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Investment Insights
Based on property information with market context.
This mixed-use property spans 8.56 unrestricted corner acres along Park Road 37. The elevated main home offers two bedrooms, two baths, an open layout, and panoramic views of Medina Lake and the surrounding Hill Country. A cedar cabin with road frontage adds flexible space for a home office, studio, workshop, or small business. The property also includes two additional single-wide homes, each with two bedrooms and two baths.
Infrastructure includes two wells and three septic systems. The combination of multiple residences, accessory space, and substantial land supports a range of uses, including multigenerational living, rental income, or commercial use, subject to buyer verification. The property is located at 10294 Park Road 37 in Lakehills, with access to San Antonio and H-E-B approximately 20 minutes away.
Infrastructure includes two wells and three septic systems. The combination of multiple residences, accessory space, and substantial land supports a range of uses, including multigenerational living, rental income, or commercial use, subject to buyer verification. The property is located at 10294 Park Road 37 in Lakehills, with access to San Antonio and H-E-B approximately 20 minutes away.
Key Highlights
- 8.56 unrestricted corner acres with frontage on Park Road 37
- Elevated main home with 2 bedrooms, 2 baths, and panoramic Medina Lake views
- Cedar cabin with Park Road 37 frontage for office, studio, workshop, or small business use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,388
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,760
$367.8K
Cap Rate 7%
$262,686
$262.7K
Cap Rate 9%
$204,311
$204.3K
Market Conditions
NOI Build-Up for 1,393 SF
Gross rent
$33.4K $24.00/SF
− Vacancy
−$4.0K −$2.88/SF
EGI
$29.4K $21.12/SF
− OpEx
−$11.0K −$7.92/SF
NOI
$18.4K $13.20/SF
Area
Bandera County, TX
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,760
Cap Rate 7%
$262,686
Cap Rate 9%
$204,311
Alternative Uses
Best Use
Mixed Use
$262.7K
$229.9K – $306.5K
NOI $18,388 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$177.3K
$155.2K – $206.9K
NOI $12,412 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$355.3K
$310.9K – $414.6K
NOI $24,873 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 78063, TX
9,302
Population
4,947
Households
1.9
Avg Household Size
52
Median Age
28%
College-Educated
93%
High-School Grad
119.3 sq mi
ZIP Area
78
Density / Sq Mi
$79,066
Median Household Income
$38,340
Median Earnings
$964
Median Rent
$265,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner property combines a primary residence, cedar cabin, and two additional single-wide homes with potential commercial use.
Where is this mixed-use property located?
The property is located at 10294 Park Road 37 Lakehills, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 8.56 unrestricted corner acres with frontage on Park Road 37; Elevated main home with 2 bedrooms, 2 baths, and panoramic Medina Lake views; Cedar cabin with Park Road 37 frontage for office, studio, workshop, or small business use
