Flex Building with Fenced
1985 FM 2673 CANYON LAKE TX 78133, Canyon Lake, TX 78133
For Sale
Contact for pricing
A paved, secure yard and unfinished interior let an owner configure the building around its operating needs.
Property Size4,800 SF
Lot Size0.59 Acres
Price / SF$165.63
Days on Market23
Property Features for 1985 FM 2673 CANYON LAKE TX 78133
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Road Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Clear Span
Drive-In Doors
Building Details
Year Built
Buildings
Stories
Building Size
Construction
Listing Agency:
CENTURY 21 Western Realty
Listed By:
Gregory Post · License #343473
(281) 394-4626
Source:
Crexi
Added: Oct 18
Changed: Nov 8
Last Checked: Nov 8 at 6:09PM
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 CENTURY 21 Western Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2025, this 4,800-square-foot steel flex building offers clear-span space beneath 20-foot sidewalls. The shell is dried in, with an unfinished interior for a buyer’s build-out. A 12-by-18-foot chain-hoist roll-up door opens to the rear section, which provides 66 feet of depth. A 12-by-50-foot covered lean-to extends along the building, and a separate covered parking canopy sits near the road. The 0.59-acre site is fenced and paved.
The property fronts FM 2673, connecting Canyon Lake, Sattler and New Braunfels. The roadway carries roughly 9,400 vehicles per day. Canyon Lake marinas and the Guadalupe River are minutes away.
Located in unincorporated Comal County, the property has no city zoning. Public water serves the area, and a permitted, licensed aerobic septic system is installed and sized for two restrooms. The site is in FEMA Flood Zone X.
The property fronts FM 2673, connecting Canyon Lake, Sattler and New Braunfels. The roadway carries roughly 9,400 vehicles per day. Canyon Lake marinas and the Guadalupe River are minutes away.
Located in unincorporated Comal County, the property has no city zoning. Public water serves the area, and a permitted, licensed aerobic septic system is installed and sized for two restrooms. The site is in FEMA Flood Zone X.
Key Highlights
- 4,800 SF steel building completed in 2025, with clear‑span space and 20' sidewalls
- 0.59‑acre fenced, paved site
- 12' x 18' chain‑hoist roll‑up door; rear section is 66' deep
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,544
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,880
$1.0M
Cap Rate 7%
$722,057
$722.1K
Cap Rate 9%
$561,600
$561.6K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$86.4K $18.00/SF
− Vacancy
−$8.6K −$1.80/SF
EGI
$77.8K $16.20/SF
− OpEx
−$27.2K −$5.67/SF
NOI
$50.5K $10.53/SF
Area
Comal County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,880
Cap Rate 7%
$722,057
Cap Rate 9%
$561,600
Alternative Uses
Best Use
Flex RnD
$722.1K
$631.8K – $842.4K
NOI $50,544 @ 7.0% cap · market cap 6.36%
Second Best
Warehouse
$498.3K
$436.1K – $581.4K
NOI $34,884 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,708 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Balanced
Demand for This Use
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
$300,100
Median Home Value
Market
Average Price Trend$/SF for Flex space in Comal County, TX
Properties on Market for Flex space in Comal County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A paved, secure yard and unfinished interior let an owner configure the building around its operating needs.
Where is this flex space located?
The property is located at 1985 FM 2673 CANYON LAKE TX 78133 Canyon Lake, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 4,800 SF steel building completed in 2025, with clear‑span space and 20' sidewalls; 0.59‑acre fenced, paved site; 12' x 18' chain‑hoist roll‑up door; rear section is 66' deep
