Old Thyme Plaza Retail
For Sale
Contact for pricing
1642 Fm 2673, Canyon Lake, TX 78133
Old Thyme Plaza
Property Size5,170 SF
Price / SF$0.00
Days on Market184
Property Features for 1642 Fm 2673
General Information
Standard status
Active
Property type
Other retail properties, Mixed-use properties
Size
5,170 SF
Total Parking Spaces
25
Building Details
Year Built
2000
Units
1
Listing Agency:
D. Lee Edwards Realty, Inc
Listed By:
Jessica Neal · License #0664402
(210) 710-5308
Added: Apr 17
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Investment Insights
Based on property information with market context.
Located in the Old Thyme Plaza business strip center, this commercial retail/office space measures 1500 square feet. The property is situated at the end cap of the plaza. Its location offers convenient access at the intersection of FM 2673 and River Road. The location benefits from local tourism due to its proximity to Canyon Lake Dam and the Guadalupe River, also known as The Horseshoe, a popular destination for tubing, fishing, and other aquatic activities. Tenants have the opportunity to maximize their marketing and advertising exposure through available building and road signage. The strip center provides accessibility features, including a handicap ramp and parking spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,244
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,364,880
$1.4M
Cap Rate 7%
$974,914
$974.9K
Cap Rate 9%
$758,267
$758.3K
Market Conditions
NOI Build-Up for 5,170 SF
Gross rent
$124.1K $24.00/SF
− Vacancy
−$14.9K −$2.88/SF
EGI
$109.2K $21.12/SF
− OpEx
−$40.9K −$7.92/SF
NOI
$68.2K $13.20/SF
Area
Comal 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%
$1,364,880
Cap Rate 7%
$974,914
Cap Rate 9%
$758,267
Alternative Uses
Best Use
Retail
$988.7K
$865.1K – $1.15M
NOI $69,207 @ 7.0% cap · market cap 346,035.00%
Second Best
Mixed Use
$974.9K
$853.1K – $1.14M
NOI $68,244 @ 7.0% cap · market cap 341,220.00%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,315 @ 7.0% cap · market cap 461,575.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
53
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Other retail property - Old Thyme Plaza
Where is this other retail property located?
The property is located at 1642 Fm 2673 Canyon Lake, TX.
