For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wimberley Mixed-Use Investment Opportunity Title is generated by Realmo AI

    600 Fm 3237, Wimberley, TX 78676

    View on Map
    Claim this Listing
    For Sale
    $2,200,000

    Two buildings on 2.32 acres in the Texas Hill Country.

    Type:Commercial
    Property size:
    8,800 SF
    Lot size:
    2.32 Acres
    Price / SF:
    $250/SF
    Added:
    Mar 10, 2026
    Days on Market:
    119
    Last Refresh:
    Jul 2 at 5:15 pm

    Property Features for 600 Fm 3237

    General Information

    Standard status
    Active
    Size
    8,800 SF
    Lot size
    2.32 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1998

    We can help!

    Contact an agent
    Candy Spitzer

    Listing office Compass RE Texas, LLC

    Listing date Mar 10, 2026

    Source Elliman

    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

    • Fully leased retail building operating as a design/showroom.
    • Multi‑use building with two fully leased apartment units.
    • Located on 2.32 acres off FM 3237, a major roadway in Wimberley.
    • Totaling over 8,800 SF in two buildings.
    • SC zoning allows for single‑family residential, commercial, and community service businesses.
    • Located in Wimberley in the Texas Hill Country.

    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 multi-use second building has two fully leased apartment units on the upper floor and two retail spaces on the ground level, one of which 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 will allow 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
    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 $229.2k $26.04
    − Vacancy −$7.8k −$0.89
    EGI $221.4k $25.15
    − OpEx −$66.4k −$7.55
    NOI $155.0k $17.61
    8,800 SF · lease $26.04/SF/yr · vacancy 3.40% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.21M
    $1.94M – $2.58M (±1% cap)
    NOI $154,953 @ 7.0% cap · market cap 7.04%
    Second Best
    Apartment 5plus
    $1.93M
    $1.69M – $2.25M (±1% cap)
    NOI $134,897 @ 7.0% cap · market cap 6.13%
    Theoretical Best
    Office A
    $3.68M
    $3.22M – $4.29M (±1% cap)
    NOI $257,503 @ 7.0% cap · market cap 11.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Auto Parts Store Auto Repair Shop Storage Facility Food Market Accounting Firm Electrical Service Bakery Veterinary Clinic Home Appliance Store Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wimberley
    County
    Hays
    State
    Texas
    Longitude
    -98.0833
    Latitude
    29.9992

    FAQs

    What type of property is this?
    Mixed-use property - Two buildings on 2.32 acres in the Texas Hill Country.
    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: Fully leased retail building operating as a design/showroom.; Multi‑use building with two fully leased apartment units.; Located on 2.32 acres off FM 3237, a major roadway in Wimberley.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message