Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Highway 21 Kyle, TX 78640

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial property on Hwy 2 with development potential.

    Type:Land
    Property size:
    32,400 SF
    Lot size:
    3.04 Acres
    Added:
    Jun 17, 2024
    Days on Market:
    677
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for Highway 21

    General Information

    Standard status
    Active
    Size
    32,400 SF
    Lot size
    3.04 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Lezlie Tram Le

    Listing agent Lezlie Tram Le License #TX 650951

    Listing office LT Commercial Group

    Listing date Jun 17, 2024

    Source Crexi

    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 LT Commercial Group

    Overview

    Prime Commercial Land for Development

    This commercial property is located on a busy section of Highway 2 and offers immediate development potential. The site is approximately 12 minutes from the 130 Toll Road to the northeast and 10 minutes from IH 35 to the west. Full utilities are available. One of the lots includes a drive-thru option. Lot # 1 is 3.04 acres and has the potential to accommodate a 32,400 square foot building, suitable for neighborhood stores, restaurants, grocery stores, and farmer's markets. Lot #2 is 0.90 acres and includes a drive-thru; it has the potential to accommodate a 3,700 square foot building, making it ideal for pizza, QSR, coffee, and tea businesses. Lot #3 is 1.04 acres and has the potential to accommodate a 7,225 square foot building, suitable for auto parts or other retail concepts. Lot #4 is 1.57 acres and has the potential to accommodate a 5,000 square foot retail building, ideal for restaurants and retail stores.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Kyle
    County
    Hays
    State
    Texas
    Longitude
    -97.835
    Latitude
    29.9978

    Nearby Similar for Sale

    • $750,000
      91,476 SF

      Prime Kyle Commercial Land

      2.1-acre commercial lot with high visibility on Highway 21.
      12290 Camino Real, Kyle, TX 78640
      View Details
    • $39,999

      Vacant Corner Lot in Kyle

      Corner lot with utilities near amenities in Kyle, Texas.
      703 S Groos Street, Kyle, TX 78640
      View Details
    • $825,000
      2,710 SF

      Kyle, TX Commercial Opportunity

      6.108 acres with multiple income-producing structures.
      1000 Heidenreich Lane, Kyle, TX 78640
      View Details
    • $129,999

      Expansive Lot in Gated Community

      0.65 acre lot in Studio Estates, Kyle, Texas.
      278 Peck, Kyle, TX 78640
      View Details
    • $799,000
      967,032 SF

      10740 Camino Real, Kyle, TX 78640

      Highway 21 corridor land suitable for development or investment.
      10740 Camino Real, Kyle, TX 78640
      View Details
    • $374,999
      780 SF

      Prime IH-35 Frontage Lot

      0.266-acre lot near retail with IH-35 frontage road access.
      1113 N Old Highway 81, Kyle, TX 78640
      View Details
    • $1,950,000
      4,368 SF

      Income-Generating Land in Kyle, TX

      20-acre land with income-generating leases and development potential.
      11331 Camino Real lot: 2, Kyle, TX 78640
      View Details
    • $145,000

      Residential Lot with Pool and Spa

      Level 0.52-acre lot with pool, spa, and outdoor kitchen.
      474 Peck Street, Kyle, TX 78640
      View Details
    • $374,999
      780 SF

      Prime IH-35 Frontage Lot

      0.266-acre lot with high visibility near commercial retail.
      1113 N Old Highway 81, Kyle, TX 78640
      View Details
    • $5,518,248
      14,820 SF

      NNN Retail Property For Sale

      NNN lease with 7+ years remaining in Kyle, TX.
      5781 Kyle Pkwy, Kyle, TX
      View Details
    • $1,714,323

      Prime Downtown Kyle Commercial Land

      Excellent opportunity in rapidly growing downtown Kyle, Texas.
      107 N Main St, Kyle, TX 78640
      View Details
    • $359,998

      Commercial Land in Dacy Business Park

      Commercial land available in Dacy Business Park, Kyle, Texas.
      3300 Dacy LN 1004, Kyle, TX 78640
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property on Hwy 2 with development potential.
    Where is this commercial land located?
    The property is located at Highway 21 Kyle, TX.
    What are key features of this property?
    This property features: Strategic location on busy Hwy 2, offering high visibility and accessibility.; Proximity to major highways (130 Toll Road and IH 35) facilitates regional access.; Full utility availability and drive‑thru option enable immediate development.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lezlie Tram Le
    Real Estate License ID: TX 650951
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!