Storefront With Storage And
For Sale
$325,000
9317 Park Road 37, Lakehills, TX 78063
Commercial storefront includes storage sheds, a carport, and mature oak trees.
Property Size1,020 SF
Price / SF$318.63
Days on Market88
Property Features for 9317 Park Road 37
General Information
Standard status
Active
Size
1,020 SF
Amenities
large oak trees
Listing Agency:
Cross Texas Real Estate
Listed By:
Shawn Morrison
(830) 796-3018
Source:
Thebranchinc
Added: Jul 20
Changed: Oct 5
Last Checked: Oct 7 at 12:56PM
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 Cross Texas Real Estate
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Investment Insights
Based on property information with market context.
This 1,020-square-foot storefront property includes additional storage sheds and a carport. Mature oak trees provide established shade around the site. The property is located at 9317 Park Road 37 in Lakehills, Texas.
Key Highlights
- 1,020 SF storefront property
- Additional storage sheds on site
- Carport included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,654
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,080
$273.1K
Cap Rate 7%
$195,057
$195.1K
Cap Rate 9%
$151,711
$151.7K
Market Conditions
NOI Build-Up for 1,020 SF
Gross rent
$20.3K $19.92/SF
− Vacancy
−$813 −$0.80/SF
EGI
$19.5K $19.12/SF
− OpEx
−$5.9K −$5.74/SF
NOI
$13.7K $13.39/SF
Area
Bandera County, TX
Vacancy
4.00%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,080
Cap Rate 7%
$195,057
Cap Rate 9%
$151,711
Alternative Uses
Best Use
Retail
$195.1K
$170.7K – $227.6K
NOI $13,654 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$260.2K
$227.7K – $303.6K
NOI $18,213 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Home Improvements & Furnishings 20%
Dollar General
Shops & Services
5,260 visits/mo
0.2 miles
Shell
Shops & Services
5,032 visits/mo
0.1 miles
Lakehills True Value
Home Improvements & Furnishings
3,155 visits/mo
0.5 miles
Valero Energy
Shops & Services
2,492 visits/mo
0.1 miles
Demographics for 78063, TX
9,302
Population
4,947
Households
1.9
Avg Household Size
52
Median Age
28%
College-Educated
93%
High-School Grad
119.3 sq mi
ZIP Area
78
Density / Sq Mi
$79,066
Median Household Income
$38,340
Median Earnings
$964
Median Rent
$265,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront includes storage sheds, a carport, and mature oak trees.
Where is this storefront property located?
The property is located at 9317 Park Road 37 Lakehills, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,020 SF storefront property; Additional storage sheds on site; Carport included
