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Property profile & analytics
OFF-MARKET
Land

21745 Hwy 46 Spring Branch, TX 78070

254 ac lot
Property ID
Property summary
AI-generated overview

Exceptional investment opportunity: Lewis Creek Ranch, a sprawling 254-284 acre property in Spring Branch, Texas (Comal County, zip code 78070), presents a unique blend of commercial and residential potential. Currently zoned R2, this beautifully wooded land boasts stunning Hill Country views and a prime location just west of the Hwy 46 and 281 commercial core, providing easy access to major roadways. An approved master development plan allows for the creation of 177 large, one-acre single-family lots, phased over seven stages. Several variances regarding trees, slopes, and parkland are already in place, streamlining the development process. The property's strategic location offers convenient access to a wealth of amenities, including HEB, Walmart, Home Depot, and numerous restaurants, all within minutes. Residents will also benefit from the highly-rated Comal Independent School District, known for its excellent schools, as well as several nearby private and religious schools. This secluded Hill Country setting offers low taxes and is less than 15 minutes from San Antonio, with numerous outdoor recreation areas nearby. The asking price is $18,500,000, translating to approximately $77,112 per acre. This represents a compelling opportunity for developers seeking a high-value, well-situated project in a desirable Texas location.

Property profile
Verified
Property type Land
Lot 254 ac (11,064,240 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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