Commercial Land Near Canyon
23541 FM306 Canyon Lake, TX 78133
5.33 acres with 6,000 SF building near Canyon Lake.
Type:Land, Mixed Use
Property size:
6,000 SFLot size:
5.33 AcresPrice / SF:
$149/SF- Added:
- Oct 28, 2025
- Days on Market:
- 256
- Last Refresh:
- Jul 4 at 6:44 am
Property Features for 23541 FM306
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 5.33 Acres
- Property subtype
- Land, Mixed Use
Listing office Coldwell Banker Commercial - Alamo City
Listing date Oct 28, 2025
Source Crexi
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 Coldwell Banker Commercial - Alamo City
Investment Insights
Based on property information with market context.
This property features approximately 5.33 acres of commercial land improved with a 6,000 SF metal building, situated along high-traffic FM 306, minutes from Canyon Lake. The location benefits from new residential construction and upscale communities, offering potential for future growth and development. The property's frontage and visibility along FM 306 support a variety of uses, including commercial, retail, or mixed-use development, or as an owner-user site. The property currently generates recurring monthly income from an existing sign lease, providing immediate return while planning future improvements or redevelopment. This asset offers a balance of short-term income and long-term appreciation potential in the Hill Country market.
Key Highlights
- Prime commercial land (+/- 5.33 acres) on high‑traffic FM 306.
- Income‑producing opportunity with existing sign lease.
- Located minutes from Canyon Lake in a thriving area.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.5k | $19.92 |
| − Vacancy | −$4.8k | −$0.80 |
| EGI | $114.7k | $19.12 |
| − OpEx | −$34.4k | −$5.74 |
| NOI | $80.3k | $13.39 |
6,000 SF · lease $19.92/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.15M
$1.00M – $1.34M
NOI $80,317 @ 7.0% cap · market cap 8.97%
Second Best
Mixed Use
$1.13M
$990.0K – $1.32M
NOI $79,200 @ 7.0% cap · market cap 8.84%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,135 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - 5.33 acres with 6,000 SF building near Canyon Lake.
Where is this commercial land located?
The property is located at 23541 FM306 Canyon Lake, TX.
What is the asking price?
The asking price for this property is $895,500.
What are key features of this property?
This property features: Prime commercial land (+/- 5.33 acres) on high‑traffic FM 306.; Income‑producing opportunity with existing sign lease.; Located minutes from Canyon Lake in a thriving area.
