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    La Vernia Road Adkins, TX 78101

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    Claim this Listing
    For Sale
    $3,526,504

    COMMERCIAL - Adkins, TX

    Lot size:
    79.37 Acres
    Added:
    Apr 23, 2024
    Days on Market:
    743
    Last Refresh:
    May 5 at 11:06 pm

    Property Features for La Vernia Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    04020-000-1830
    Lot size
    79.37 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    CB 4020 P-73A (.26AC)(OUT OF P-73E), P-183(26.0695AC), P-184(3.8833AC)(OUT OF P-107) & P-185(49.1572AC)(OUT OF P-73) ABS 668 2011-NEW ACCT PER SPLIT PER DEED 14649/1310 EX 9/17/10
    Tax Annual Amount
    146

    We can help!

    Listing Contact
    Kendrick W. Baros

    Listing agent Kendrick W. Baros License #0578428

    Listing office Coldwell Banker Realty 9442 N Capital of TX Hwy Plaza 1-625, TX

    Listing date Apr 23, 2024

    MLS# 541657

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    79 Acres Development Land Adkins

    The Palmetto 79 Development features 79.37 acres of Ag exempt land suitable for development, located in Bexar County near Texas Pride BBQ, just inside Loop 1604. The raw land is primarily Mesquite and native grass, featuring mature Post and Live Oak trees. Approximately 25 acres is improved pasture that can be used for hay production. Stock tanks are present on the property for livestock. The property is perimeter fenced and includes approximately 1800 feet of road frontage on La Vernia Rd. The land is not located in a 100-year floodplain. Approximately 25 acres are within St. Hedwig City Limits, with the remainder in Adkins, Bexar County, TX. The property is located approximately one mile west of Loop 1604 on La Vernia Rd in Bexar County. La Vernia Rd at Loop 1604 is just over 5.5 miles from the intersection of IH-10 and Loop 1604. The area is served by the East Central Independent School District, which is growing and planning to build a new middle school. The property is approximately 21 miles from San Antonio International Airport and 1.25 hours from Austin Bergstrom International Airport. An East Central Water line runs along La Vernia Rd, and CPS Power is available. Currently, there are no utilities on the property.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Adkins
    County
    Bexar
    State
    Texas
    Longitude
    -98.3286469
    Latitude
    29.257423

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - 79.37 Ag exempt acres of potential development land.
    Where is this agricultural land / farmland located?
    The property is located at La Vernia Road Adkins, TX.
    What is the asking price?
    The asking price for this property is $3,526,504.
    What are key features of this property?
    This property features: 79.37 Ag‑exempt acres of potential development land in Bexar County; Located just inside Loop 1604 near La Vernia Rd; **1800 +\/- ft of road frontage on La Vernia Rd**
    (361) 212-2892
    We can help!
    Listing Contact
    Kendrick W. Baros
    Real Estate License ID: 0578428
    Learn More
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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.

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