Office Building with Detached
For Sale
$599,000
156 Canyon Bend, Canyon Lake, TX 78133
Office building plus detached garage, served by city water and septic, in unincorporated Comal County off FM 2673.
Property Size2,842 SF
Lot Size0.66 Acres
Price / SF$210.77
Days on Market85
Property Features for 156 Canyon Bend
General Information
Standard status
Active
Size
2,842 SF
Lot size
0.66 Acres
Property subtype
Office
Additional Details
Road Access
Yes
Amenities
Supply Constrained Market
Lifestyle Driven Market in an Unincorporated Community
Centrally Located Between Bulverde, Spring Branch, New Braunfels and San Marcos
Building Details
Building Size
2,842 SF
Year Built
1970
Listed By:
James Stewart, CCIM · License #License(s): TX: 531005
(210) 343-7821
Source:
Marcusmillichap
Added: Jul 15
Changed: Sep 10
Last Checked: Oct 7 at 8:33AM
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 James Stewart, CCIM
Investment Insights
Based on property information with market context.
This property includes a 1,592-square-foot office building and a 1,250-square-foot detached garage on approximately 0.66 acres. The asset is serviced by city water and septic and is presented as a turnkey option for an owner-user, with no known deferred maintenance indicated in the remarks.
The building is located just off FM 2673, the primary commercial corridor serving Canyon Lake, with the lake described as within two miles. The property is situated in unincorporated Comal County.
As an office asset with dedicated garage space, the configuration supports practical on-site use while maintaining flexibility under the county’s unincorporated setting.
The building is located just off FM 2673, the primary commercial corridor serving Canyon Lake, with the lake described as within two miles. The property is situated in unincorporated Comal County.
As an office asset with dedicated garage space, the configuration supports practical on-site use while maintaining flexibility under the county’s unincorporated setting.
Key Highlights
- 1,592‑SF office building with a 1,250‑SF detached garage on approximately 0.66 acres
- Served by city water and septic
- Located just off FM 2673, the primary commercial corridor serving Canyon Lake
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,733
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,660
$774.7K
Cap Rate 7%
$553,329
$553.3K
Cap Rate 9%
$430,367
$430.4K
Market Conditions
NOI Build-Up for 2,842 SF
Gross rent
$62.8K $22.08/SF
− Vacancy
−$11.1K −$3.91/SF
EGI
$51.6K $18.17/SF
− OpEx
−$12.9K −$4.54/SF
NOI
$38.7K $13.63/SF
Area
Comal County, TX
Vacancy
17.70%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,660
Cap Rate 7%
$553,329
Cap Rate 9%
$430,367
Alternative Uses
Best Use
Office B
$553.3K
$484.2K – $645.6K
NOI $38,733 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$724.9K
$634.3K – $845.8K
NOI $50,746 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Office building plus detached garage, served by city water and septic, in unincorporated Comal County off FM 2673.
Where is this office building located?
The property is located at 156 Canyon Bend Canyon Lake, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,592‑SF office building with a 1,250‑SF detached garage on approximately 0.66 acres; Served by city water and septic; Located just off FM 2673, the primary commercial corridor serving Canyon Lake
