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    Fm 1516 & Binz-Engleman Rd Converse, TX 78109

    Sponsored
    For Sale
    Contact for pricing

    Retail & Office Pads, High-Growth Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land opportunity spans 1 to 7.65 acres at the signalized intersection of FM 1516 and Binz-Engleman Road in Converse, Bexar County, Texas (zip code 78109). Located in a rapidly expanding area of San Antonio, this property offers significant potential for retail and office development. The site boasts convenient access via FM 1516, currently under construction to become a five-lane road, and Binz-Engleman Road. Utilities are readily available, with 16" water and 18" sewer stubs already in place at the pad sites. The property is zoned OCL (Outside City Limits). This location benefits from a high-growth residential market, with over 3,000 single-family lots under construction within a two-mile radius, and is adjacent to a new 315-unit multi-family project currently under development. The area is currently underserved in terms of retail options, presenting a unique opportunity to capitalize on the burgeoning population. FM 1516 experiences a high volume of traffic, with approximately 26,000 vehicles per day. This prime location and robust infrastructure make this an ideal investment for developers seeking to establish a presence in a thriving San Antonio market.

    Property Features for 0 Fm 1516 & Binz-Engleman Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • 1‑7.65 acre commercial land parcel at the signalized intersection of FM 1516 and Binz‑Engleman Road, Converse, TX (78109).
    • High‑growth residential area with over 3,000 single‑family lots under construction within a two‑mile radius.
    • Adjacent to a new 315‑unit multifamily development.
    • Underserved retail market with high demand.
    • FM 1516 boasts 26,000 vehicles per day (VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Converse
    County
    Bexar
    State
    Texas
    Longitude
    -98.3139855
    Latitude
    29.4769307

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    FAQs

    What type of property is this?
    Land - Retail & Office Pads, High-Growth Area
    Where is this land located?
    The property is located at Fm 1516 & Binz-Engleman Rd Converse, TX.
    What are key features of this property?
    This property features: 1-7.65 acre commercial land parcel at the signalized intersection of FM 1516 and Binz-Engleman Road, Converse, TX (78109).; High-growth residential area with over 3,000 single-family lots under construction within a two-mile radius.; Adjacent to a new 315-unit multifamily development.
    Request Owner's contact information
    Fm 1516 & Binz-Engleman Rd Converse, TX 78109
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    Converse, TX 78109
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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
    Fm 1516 & Binz-Engleman Rd Converse, TX 78109
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