Mixed-Use Property at Signalized
For Sale
$1,295,000
145 FM 2673, Canyon Lake, TX 78133
Restaurant space and ground lease tenants create a flexible commercial configuration.
Property Size4,388 SF
Lot Size1.36 Acres
Price / SF$295.12
Days on Market47
Property Features for 145 FM 2673
General Information
Standard status
Active
Size
4,388 SF
Lot size
1.36 Acres
Site & Location
Corner Location
Yes
Road Access
Yes
Building Details
Year Built
1996
Year Renovated
2010
Buildings
1
Tenancy
Multi
Listing Agency:
Griffin Realty Advisors
Listed By:
Andy J Griffin · License #0544286
(361) 945-0783
Source:
Cornerstone-properties
Added: Sep 15
Changed: Oct 31
Last Checked: Oct 30 at 2:22PM
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 Griffin Realty Advisors
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Investment Insights
Based on property information with market context.
This mixed-use property comprises approximately 1.355 acres with a 4,388 SF commercial building that includes restaurant space and a mix of ground lease tenants. Originally built in 1996, the building was renovated in 2010 and 2026. The configuration supports continued investment or owner-user occupancy, with potential applications identified for restaurant, retail, entertainment, professional office, medical, and recreational businesses.
The property occupies the signalized intersection of FM 306 and FM 2673 at 145 FM 2673 in Canyon Lake, Texas. Whitewater Amphitheatre and Camp Fimfo Texas Hill Country are within walking distance, while the Guadalupe River Horseshoe, Canyon Lake, vacation rentals, campgrounds, restaurants, and outdoor recreation destinations are nearby. The site is positioned along a commercial corridor serving both visitors and the surrounding permanent residential population.
The property occupies the signalized intersection of FM 306 and FM 2673 at 145 FM 2673 in Canyon Lake, Texas. Whitewater Amphitheatre and Camp Fimfo Texas Hill Country are within walking distance, while the Guadalupe River Horseshoe, Canyon Lake, vacation rentals, campgrounds, restaurants, and outdoor recreation destinations are nearby. The site is positioned along a commercial corridor serving both visitors and the surrounding permanent residential population.
Key Highlights
- Approximately 1.355 acres at the signalized intersection of FM 306 and FM 2673
- 4,388 SF commercial building with restaurant space and ground lease tenants
- Originally constructed in 1996; renovations completed in 2010 and 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,934
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,258,680
$1.3M
Cap Rate 7%
$899,057
$899.1K
Cap Rate 9%
$699,267
$699.3K
Market Conditions
NOI Build-Up for 4,388 SF
Gross rent
$87.4K $19.92/SF
− Vacancy
−$3.5K −$0.80/SF
EGI
$83.9K $19.12/SF
− OpEx
−$21.0K −$4.78/SF
NOI
$62.9K $14.34/SF
Area
Comal County, TX
Vacancy
4.00%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,258,680
Cap Rate 7%
$899,057
Cap Rate 9%
$699,267
Alternative Uses
Best Use
Specialty Retail
$899.1K
$786.7K – $1.05M
NOI $62,934 @ 7.0% cap · market cap 4.86%
Second Best
Retail
$839.1K
$734.2K – $979.0K
NOI $58,739 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.12M
$979.4K – $1.31M
NOI $78,351 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
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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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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant space and ground lease tenants create a flexible commercial configuration.
Where is this mixed-use property located?
The property is located at 145 FM 2673 Canyon Lake, TX.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Approximately 1.355 acres at the signalized intersection of FM 306 and FM 2673; 4,388 SF commercial building with restaurant space and ground lease tenants; Originally constructed in 1996; renovations completed in 2010 and 2026
