Income-Producing Multi-Unit
For Sale
$450,000
686 State Highway 173, Bandera, TX 78003
Bank-owned property with 6 income-producing units and prime highway frontage with strong visibility.
Property Size3,472 SF
Price / SF$129.61
Days on Market84
Property Features for 686 State Highway 173
General Information
Standard status
Active
Size
3,472 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2003
Listing Agency:
Xsellence Realty
Listed By:
Robert Saenz
(210) 277-0100
Source:
Sarahildebrandaguilera
Added: Jul 17
Changed: Oct 2
Last Checked: Oct 7 at 2:07PM
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 Xsellence Realty
Investment Insights
Based on property information with market context.
Bank-owned income-producing property for sale featuring 6 income-producing units. The site offers prime highway frontage and strong visibility, making it well suited for tenants who benefit from exposure and easy access.
Located at 686 State Highway 173 in Bandera, TX, the property is positioned for travelers and passersby along the highway corridor. The existing unit setup provides an income base while buyers evaluate additional uses for the property.
For more information or to review details available for the 6-unit configuration, contact us today.
Located at 686 State Highway 173 in Bandera, TX, the property is positioned for travelers and passersby along the highway corridor. The existing unit setup provides an income base while buyers evaluate additional uses for the property.
For more information or to review details available for the 6-unit configuration, contact us today.
Key Highlights
- Bank‑owned property built in 2003
- 6 income‑producing units
- Prime highway frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,936
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,720
$618.7K
Cap Rate 7%
$441,943
$441.9K
Cap Rate 9%
$343,733
$343.7K
Market Conditions
NOI Build-Up for 3,472 SF
Gross rent
$62.5K $18.00/SF
− Vacancy
−$6.2K −$1.80/SF
EGI
$56.2K $16.20/SF
− OpEx
−$25.3K −$7.29/SF
NOI
$30.9K $8.91/SF
Area
Bandera County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,720
Cap Rate 7%
$441,943
Cap Rate 9%
$343,733
Alternative Uses
Best Use
Apartment 5plus
$441.9K
$386.7K – $515.6K
NOI $30,936 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$885.6K
$774.9K – $1.03M
NOI $61,995 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 78003, TX
9,595
Population
5,194
Households
1.8
Avg Household Size
53
Median Age
24%
College-Educated
91%
High-School Grad
226.7 sq mi
ZIP Area
42
Density / Sq Mi
$54,500
Median Household Income
$35,179
Median Earnings
$1,096
Median Rent
$233,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Bank-owned property with 6 income-producing units and prime highway frontage with strong visibility.
Where is this mobile home & rv park located?
The property is located at 686 State Highway 173 Bandera, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Bank‑owned property built in 2003; 6 income‑producing units; Prime highway frontage
