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    32685 Us-281 Bulverde, TX 78163

    For Sale
    $3,400,000

    9,960 SF Office Building, High Growth Potential

    Property size:
    9,960 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 9,960 square foot, single-story office building situated on a 7.45-acre lot in Bulverde, Texas. The property, located at 32685 US-281, zip code 78163, Comal County, boasts five units currently at 35% occupancy, offering significant upside potential for increased rental income. Built in 2004, this Class B building features a C-2 zoning designation, allowing for diverse commercial uses. The property includes ample parking (5 spaces per 1,000 sq ft) and is conveniently located along US Highway 281 N, providing high visibility and accessibility. The asking price is $3,400,000, translating to $341.37 per square foot. This value-add investment is ideal for an owner-operator seeking to increase occupancy and rental rates. The property is a multi-tenant building with two current tenants and a gross lease structure. No tenant credit rating is available. The property is not subject to a ground lease. This prime location in the far north central area offers proximity to prominent business and retail centers, promising strong future growth. The building's modern amenities and well-maintained infrastructure further enhance its appeal.

    Property Features for 32685 Us-281

    General Information

    Property type
    Medical offices
    Square Feet
    9,960 SF
    Class
    B
    Lot Size
    324,522 SF

    Building Details

    Year Built
    2004
    Buildings
    1
    Stories
    1
    Units
    5

    HighLights

    • 9,960 SF office building.
    • Five units offer flexible lease options.
    • C‑2 zoning allows diverse commercial uses.
    • Prime Far North Central location.
    • 30% occupancy; significant growth potential.
    • Abundant tenant and visitor parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Bulverde
    County
    Comal
    State
    Texas
    Longitude
    -98.426176
    Latitude
    29.7789084

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    FAQs

    What type of property is this?
    Medical office - 9,960 SF Office Building, High Growth Potential
    Where is this medical office located?
    The property is located at 32685 Us-281 Bulverde, TX.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: 9,960 SF office building.; Five units offer flexible lease options.; C-2 zoning allows diverse commercial uses.
    Request Owner's contact information
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    Bulverde, TX 78163
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    Realmo Value Estimation

    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.

    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.

    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
    32685 Us-281 Bulverde, TX 78163
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