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    20248 Tx-46 Spring Branch, TX 78070

    Sponsored
    For Lease
    $28 SF/Yr

    Texas Retail Center: High-Visibility Location

    Lot size:
    193,524 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    The Arborwalk at Singing Hills, a 193,524 square foot retail shopping center in Spring Branch, Texas, presents a unique investment opportunity. Located at 20248 TX-46, Comal County, this 2017-built property sits on a substantial 42.26-acre lot and boasts a prime location adjacent to a large Walmart Supercenter (180,000 sq ft). Currently, there is 193,383 square feet of vacant space available, with a minimum divisible unit size of 940 square feet, offering flexibility for various retail tenants. The center is strategically positioned at the Northwest corner of Highway 281 and State Highway 46, ensuring high visibility and accessibility. This development is currently 28% pre-leased, with established national and regional tenants already in place, including Whataburger, Popeyes, Burger King, Jiffy Lube, SSFCU, Sonora Bank, Hampton Inn, Schlotzsky's, GNC, Bulverde Dentistry, Sport Clips, and Mattress Firm. The property offers 12 available spaces ranging from 900 to 25,000 square feet, providing options for businesses of various sizes. This is an exceptional opportunity to join a thriving retail community in a rapidly growing area of Texas. The property's size, location, and existing tenant base make it an attractive investment for both individual and portfolio investors seeking strong returns.

    Property Features for 20248 Tx-46

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    193,524 SF
    Total Rate
    451556

    Building Details

    Year Built
    2017

    Unit(s) available at that property

    Space
    Building B
    Size
    12,500 SF
    Space
    Building C
    Size
    25,000 SF
    Space
    Building D
    Size
    10,000 SF
    Space
    Building E
    Size
    8,400 SF
    Rate per SF
    $35
    Space
    Building F
    Size
    6,750 SF
    Rate per SF
    $35
    Space
    Building G, Floor 1
    Size
    16,170 SF
    Rate per SF
    $35
    Space
    Building G, Floor 2
    Size
    17,220 SF
    Rate per SF
    $28
    Space
    Building H, Level 1
    Size
    9,500 SF
    Rate per SF
    $30
    Space
    Building H, Level 2
    Size
    11,838 SF
    Rate per SF
    $30
    Space
    Building I, Level 1
    Size
    14,538 SF
    Rate per SF
    $38
    Space
    Building I, Level 2
    Size
    14,503 SF
    Rate per SF
    $30
    Space
    Building J
    Size
    9,960 SF
    Rate per SF
    $35

    We can help!

    Listing Contact
    Andrew Lyles
    Andrew Lyles

    Learn more

    HighLights

    • Walmart Supercenter‑anchored retail center.
    • Strategic location on San Antonio's future outer loop (SH 46).
    • Over $30 million in site infrastructure improvements completed by developer.
    • Close proximity to Schlitterbahn Waterpark, a top‑rated attraction.
    • High‑traffic intersection of US 281 and Hwy 46.
    • Sole power center in the area with municipal wastewater service.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Branch
    County
    Comal
    State
    Texas
    Longitude
    -98.420864
    Latitude
    29.7982826

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    FAQs

    What type of property is this?
    Retail property - Texas Retail Center: High-Visibility Location
    Where is this retail property located?
    The property is located at 20248 Tx-46 Spring Branch, TX.
    What is the lease rate?
    The lease rate is $0.00-$38 SF/Yr.
    What are key features of this property?
    This property features: Walmart Supercenter-anchored retail center.; Strategic location on San Antonio's future outer loop (SH 46).; Over $30 million in site infrastructure improvements completed by developer.
    Request Owner's contact information
    20248 Tx-46 Spring Branch, TX 78070
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    Spring Branch, TX 78070
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    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
    20248 Tx-46 Spring Branch, TX 78070
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    We can help!
    Listing Contact
    Andrew Lyles
    Andrew Lyles
    Real Estate License ID: 720555
    Learn more
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