Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Land in Canyon Lake Title is generated by Realmo AI

    678 Cannan Road, Canyon Lake, TX 78133

    View on Map
    Claim this Listing
    For Sale
    $165,000

    LAND - Canyon Lake, TX

    Lot size:
    1.39 Acres
    Added:
    Mar 15, 2026
    Days on Market:
    55
    Last Refresh:
    May 8 at 8:06 pm

    Property Features for 678 Cannan Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    450943
    Lot size
    1.39 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    A-223 SUR- 21 C H HUNT, ACRES 1.3851
    Tax Annual Amount
    2023

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Greg Machalec
    Greg Machalec

    Listing agent Greg Machalec License #0703088

    Listing office Exit 4 Texas 1619 E Common Street, New Braunfels, TX

    Listing date Mar 15, 2026

    MLS# 606673 Listing URL

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • UNRESTRICTED acreage offers flexible usage options.
    • Rare find, suggesting limited availability.
    • Beautiful small acreage property.
    • Tucked away location provides privacy.
    • Ideal for recreational purposes.
    • Located down Cannan Road.

    Overview

    This is a 1.3851-acre property located on Cannan Road in Canyon Lake, Texas. The land is currently suitable for recreational purposes. Water service must be established by the buyer through the water company before a septic permit can be obtained from the county. Buyers should independently verify all associated costs with the water provider.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Canyon Lake
    County
    Comal
    State
    Texas
    Longitude
    -98.16253
    Latitude
    29.86881

    Nearby Similar for Sale

    • $839,995
      4,766 SF

      Guadalupe Riverfront STR Investment

      Turnkey short-term rental investment on the Guadalupe River.
      546 Riverside Path, Canyon Lake, TX 78133
      View Details
    • $850,000
      3,157 SF

      Canyon Lake Commercial Building

      Commercial building with ample workspace on Startz Road.
      10221 Startz Road, Canyon Lake, TX 78133
      View Details
    • $339,000

      RV Lots Near Canyon Lake

      Income property with RV lots near Canyon Lake access.
      9895 FM 2673, Canyon Lake, TX 78133
      View Details
    • $799,000
      2,470 SF

      Canyon Lake Corner Commercial Property

      2.93-acre corner lot with high visibility and redevelopment potential.
      110 Maricopa Drive, Canyon Lake, TX 78133
      View Details
    • $349,000

      Canyon Lake Waterfront Acreage

      6.5 acres of lakefront property with Hill Country views.
      539 Clay Ridge, Canyon Lake, TX 78133
      View Details
    • $539,000
      2,366 SF

      Waterfront Property with Lake Access

      Canyon Lake waterfront property with remodeled home and lake access.
      4343 Morningside Way, Canyon Lake, TX 78133
      View Details
    • $495,000

      Canyon Lake Land For Sale

      3.28 acres near Canyon Lake with no HOA.
      1409 LAVACA, Canyon Lake, TX 78133
      View Details
    • $3,549,000
      3,584 SF

      Hill Country Property with Lake Views

      30+ acre property with lake views and development potential.
      901 Cedar Rise, Canyon Lake, TX 78133
      View Details
    • $623,900

      Scenic 10 Acres in Canyon Lake

      10-acre property with views, potential for various structures.
      535 Eden Ranch Drive lot: 321, Canyon Lake, TX 78133
      View Details
    • $599,000
      98,881 SF

      Hill Country Lot with Views

      2+ acre lot with Guadalupe River views in Canyon Lake.
      1853 Paradise Parkway, Canyon Lake, TX 78133
      View Details
    • $20
      5,170 SF

      Old Thyme Plaza Retail Space

      Commercial retail/office space in Old Thyme Plaza business strip center.
      1642 Fm 2673, Canyon Lake, TX 78133
      View Details
    • $360,000

      Hill Country View Land

      Exceptional land with breathtaking Hill Country views near Canyon Lake.
      1556 White River, Canyon Lake, TX 78133
      View Details

    FAQs

    What type of property is this?
    Land - 1.38 acre unrestricted land for recreational use in Canyon Lake.
    Where is this land located?
    The property is located at 678 Cannan Road Canyon Lake, TX.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: UNRESTRICTED acreage offers flexible usage options.; Rare find, suggesting limited availability.; Beautiful small acreage property.
    (830) 708-6683
    We can help!
    Listing Contact
    Greg Machalec
    Greg Machalec
    Real Estate License ID: 0703088
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    678 Cannan Road, Canyon Lake, TX 78133
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!