Corner Retail
New
For Sale
$479,900
9702 State Highway 16, Pipe Creek, TX 78063
Vacant commercial space has restoration work underway and is being conveyed in its current condition.
Property Size1,200 SF
Lot Size0.53 Acres
Price / SF$399.92
Days on Market2
Property Features for 9702 State Highway 16
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.53 Acres
Property subtype
Retail/Shop
Property Condition
Severity
Repairs Needed
Evidence
seller has already started restoring the building & now it's ready for you to add the finishing touches
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1970
Buildings
1
Listing Agency:
PIONEER REALTY PARTNERS, LLC
Listed By:
Denise Bourassa
(210) 355-0559
Source:
Pioneerrealtypartners
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 at 2:39AM
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 PIONEER REALTY PARTNERS, LLC
Investment Insights
Based on property information with market context.
This 1,200-square-foot retail building dates to 1970 and sits on a 0.53-acre parcel. Restoration has begun, leaving additional work for the next owner. The property is vacant and offered as-is.
The site occupies the junction of State Highway 16 and Pipe Creek Dr. in Pipe Creek, Texas.
The site occupies the junction of State Highway 16 and Pipe Creek Dr. in Pipe Creek, Texas.
Key Highlights
- 1,200‑square‑foot retail building on a 0.53‑acre parcel
- At the intersection of State Highway 16 and Pipe Creek Dr.
- Restoration work has started; additional work remains
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,063
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,260
$321.3K
Cap Rate 7%
$229,471
$229.5K
Cap Rate 9%
$178,478
$178.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$23.9K $19.92/SF
− Vacancy
−$956 −$0.80/SF
EGI
$22.9K $19.12/SF
− OpEx
−$6.9K −$5.74/SF
NOI
$16.1K $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%
$321,260
Cap Rate 7%
$229,471
Cap Rate 9%
$178,478
Alternative Uses
Best Use
Retail
$229.5K
$200.8K – $267.7K
NOI $16,063 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$306.1K
$267.8K – $357.1K
NOI $21,427 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Vacant commercial space has restoration work underway and is being conveyed in its current condition.
Where is this retail space located?
The property is located at 9702 State Highway 16 Pipe Creek, TX.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: 1,200‑square‑foot retail building on a 0.53‑acre parcel; At the intersection of State Highway 16 and Pipe Creek Dr.; Restoration work has started; additional work remains
