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    Hwy 21 Kyle, TX 78640

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    For Lease
    Contact for pricing

    High-traffic Hwy 2 retail space; lease or buy.

    Lot size:
    57,850 SF

    Property Features for 0 Hwy 21

    General Information

    Property type
    Grocery and convenience stores
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    57,850 SF

    Building Details

    Stories
    1

    Spaces For Lease

    at 0 Hwy 21, Kyle, TX 78640 Contact us

    We can help!

    Listing Contact
    Lezlie Tram Le
    Lezlie Tram Le

    Listing Agency: LT Commercial Group Listing Agent: Lezlie Tram Le

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 57,850 square foot commercial property, situated on busy Highway 21, presents a unique investment opportunity. The single-story building offers multiple tenancy options, with spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 20,000 square feet. Currently, the entire 57,850 square feet is vacant, providing flexibility for a variety of uses. The property is zoned PDD and sits on a 6.54-acre lot, providing ample space for development. With 237 parking spaces available, customer convenience is ensured. The strategic location offers unparalleled access to major transportation arteries, being just 12 minutes from the 130 Toll Road to the northeast and 10 minutes from IH 35 to the west. Highway 21 boasts an estimated 6% annual traffic increase, guaranteeing high visibility and potential for significant returns. All utilities are available on-site. A key feature is the availability of a pad site with a drive-thru option, ideal for restaurants or other businesses requiring this amenity. This property is ready for immediate development and presents a compelling opportunity for businesses seeking high-traffic exposure and convenient access to major roadways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Kyle
    County
    Hays
    State
    Texas
    Longitude
    -97.799745010584
    Latitude
    29.94423969465

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    FAQs

    What type of property is this?
    Grocery and convenience store - High-traffic Hwy 2 retail space; lease or buy.
    Where is this grocery and convenience store located?
    The property is located at Hwy 21 Kyle, TX.
    What are key features of this property?
    This property features: High-traffic Hwy 21 location with estimated 6% annual traffic growth.; Prime location: 12 minutes from the 130 Toll Road and 10 minutes from IH 35.; Full utilities available on-site.
    (512) 490-6666 Call to check price and availability
    Request Owner's contact information
    Hwy 21 Kyle, TX 78640
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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
    Hwy 21 Kyle, TX 78640
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    Contact for Pricing
    Please call us for current price
    and status of this listing Lezlie Tram Le
    Lezlie Tram Le
    Real Estate License ID: 650951
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