Canyon Lake Mixed-Use
For Sale
$999,000
5433 Fm 2673, Canyon Lake, TX 78133
2.6-acre commercial property with self-storage and development parcel.
Property Size7,982 SF
Lot Size2.60 Acres
Days on Market191
Property Features for 5433 Fm 2673
General Information
Standard status
Active
Size
7,982 SF
Lot size
2.60 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,340
Building Details
Building Size
7,982 SF
Year Built
1980
Listing Agency:
Windham Rose Realty
Listed By:
Trent Babb · License #0685430
(512) 710-9072
Source:
Elliman
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 30 at 4:19PM
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 Windham Rose Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2.6-acre commercial property in Canyon Lake, Texas, presents a mixed-use development opportunity. It includes an income-producing 49-unit self-storage facility and a 1.17-acre development parcel. The property is located on Island View Road, which serves as the access route to two lake peninsulas. This location offers a captive market opportunity for potential development as a C-Store or gas station. The property has a walk score of 10, indicating it is car-dependent, and a bike score of 1, indicating it is somewhat bikeable.
Key Highlights
- Income‑producing 49‑unit self‑storage facility already in place
- Includes a 1.17‑acre development parcel
- Strategic location on Island View Road, the exclusive access route to two lake peninsulas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,022
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,480,440
$1.5M
Cap Rate 7%
$1,057,457
$1.1M
Cap Rate 9%
$822,467
$822.5K
Market Conditions
NOI Build-Up for 7,982 SF
Gross rent
$114.9K $14.40/SF
− Vacancy
−$9.2K −$1.15/SF
EGI
$105.7K $13.25/SF
− OpEx
−$31.7K −$3.97/SF
NOI
$74.0K $9.27/SF
Area
Comal County, TX
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,480,440
Cap Rate 7%
$1,057,457
Cap Rate 9%
$822,467
Alternative Uses
Best Use
Specialty Retail
$1.64M
$1.43M – $1.91M
NOI $114,481 @ 7.0% cap · market cap 11.46%
Second Best
Retail
$1.53M
$1.34M – $1.78M
NOI $106,849 @ 7.0% cap · market cap 10.70%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,525 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
42
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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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - 2.6-acre commercial property with self-storage and development parcel.
Where is this self storage facility located?
The property is located at 5433 Fm 2673 Canyon Lake, TX.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Income‑producing 49‑unit self‑storage facility already in place; Includes a 1.17‑acre development parcel; Strategic location on Island View Road, the exclusive access route to two lake peninsulas
