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Wimberley Mixed-Use Investment Opportunity

600 Fm 3237, Wimberley, TX 78676

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For Sale

$2,200,000

Two buildings totaling 8,808 SF on 2.32 acres.

Type:General Commercial

Property size:

8,808 SF

Lot size:

2.32 Acres

Price / SF:

$249/SF

HighLights

Prime location in Wimberley, Texas Hill Country, on FM 3237
Two buildings totaling over 8,800 SF on 2.32 acres
Fully leased retail building operating as a design/showroom
Multi‑use 2nd building with 2 leased apartments and retail spaces
SC zoning allows for single‑family residential, commercial, and community service businesses
Ample parking with 40 spaces

We can help!

Listing Contact

Candy Spitzer

For Sale

$2,200,000

Two buildings totaling 8,808 SF on 2.32 acres.

Type:General Commercial

Property size:

8,808 SF

Lot size:

2.32 Acres

Price / SF:

$249/SF

Added:: Jan 11, 2024
Days on Market:: 891
Last Refresh:: May 13 at 8:21 pm

Property Features for 600 Fm 3237

General Information

Standard status: Active
Size: 8,808 SF
Lot size: 2.32 Acres
Property subtype: General Commercial

Building Details

Year Built: 1998

We can help!

Listing Contact

Candy Spitzer

Listing agent Candy Spitzer

Listing office Compass RE Texas, LLC

Listing date Jan 11, 2024

Source Xome

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 Compass RE Texas, LLC

HighLights

Prime location in Wimberley, Texas Hill Country, on FM 3237
Two buildings totaling over 8,800 SF on 2.32 acres
Fully leased retail building operating as a design/showroom
Multi‑use 2nd building with 2 leased apartments and retail spaces
SC zoning allows for single‑family residential, commercial, and community service businesses
Ample parking with 40 spaces

Overview

This investment property is located in Wimberley, in the Texas Hill Country. The property includes two buildings totaling over 8,800 square feet, situated on 2.32 acres off of FM 3237, a major roadway in the area. The spacious retail building is fully leased and operating as a design showroom. The second multi-use building has two fully leased apartment units on the upper floor and two retail spaces on the ground level; one of the retail spaces is currently for lease. The property is zoned SC, which is intended to preserve and enhance the visual quality of the principal gateways to the city and allows single-family residential, commercial, and community service businesses along the major highways leading into Wimberley.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$229.4k	$26.04
− Vacancy	−$7.8k	−$0.89
EGI	$221.6k	$25.15
− OpEx	−$66.5k	−$7.55
NOI	$155.1k	$17.61

8,808 SF · lease $26.04/SF/yr · vacancy 3.40% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.22M

$1.94M – $2.58M (±1% cap)

NOI $155,093 @ 7.0% cap · market cap 7.05%

Second Best

Apartment 5plus

$1.93M

$1.69M – $2.25M (±1% cap)

NOI $135,019 @ 7.0% cap · market cap 6.14%

Theoretical Best

Office A

$3.68M

$3.22M – $4.30M (±1% cap)

NOI $257,738 @ 7.0% cap · market cap 11.72%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Showrooms

Suggested Use

Location Insight

Map
Local Demand

City: Wimberley
County: Hays
State: Texas
Longitude: -98.0833279
Latitude: 29.9991505

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For sale
Mixed-use properties
TX
Wimberley
78676
600 Fm 3237

What type of property is this?

Mixed-use property - Two buildings totaling 8,808 SF on 2.32 acres.

Where is this mixed-use property located?

The property is located at 600 Fm 3237 Wimberley, TX.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Prime location in Wimberley, Texas Hill Country, on FM 3237; Two buildings totaling over 8,800 SF on 2.32 acres; Fully leased retail building operating as a design/showroom