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    Property profile & analytics

    Palisades Dr Live Oak, TX 78148

    • Land
    For Sale
    View listing
    $982,713
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Palisades Dr

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 1.42-acre commercial land parcel presents a remarkable development opportunity in Universal City, Texas. Strategically located just off Loop 1604, this vacant property boasts excellent visibility and accessibility, ensuring high traffic flow. Its prime location near major retailers like IKEA and Costco guarantees a steady stream of potential customers, making it ideal for retail ventures. The property's proximity to Lackland Air Force Base further enhances its appeal, contributing to a diverse and consistent customer base. The address is on Palisades Drive, Universal City, Bexar County, Texas, zip code 78148. This site offers unparalleled connectivity and accessibility due to its proximity to major thoroughfares. The asking price for this exceptional property is $982,713. This is a rare chance to acquire a highly desirable commercial land parcel in a thriving area with significant growth potential. The property is classified as Industrial Land and is zoned for Commercial use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Live Oak
    County
    Bexar
    State
    Texas
    Longitude
    -98.3195
    Latitude
    29.5559

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      1604 Byrd Blvd

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    • Value Estimation by Request
      29.00 Acres

      1604 & Byrd

      Land • 29.00 Acres
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    • Value Estimation by Request
      3.66 Acres

      Sec Kitty Hawk Rd & Universal City Blvd

      Land • 3.66 Acres
      0 Sec Kitty Hawk Rd & Universal City Blvd, Universal City, TX 78148
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    • Value Estimation by Request
      1 SF

      1604 And Kitty Hawk

      Land • 1 SF
      1604 And Kitty Hawk, Universal City, TX 78148
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    • Value Estimation by Request

      1019 Byrd Blvd

      Land
      1019 Byrd Blvd, Universal City, TX 78148
      View Details
    • Value Estimation
      $535,000
      10,176 SF

      1532 Universal City Blvd

      WAREHOUSE, STORAGE • 10,176 SF
      1532 Universal City Blvd, Universal City, TX 78148-3318
      View Details

    Similar Nearby for Sale

    • $982,713

      Palisades Dr Commercial Land

      1.42 Acres, Prime Universal City Location
      0 Palisades Dr, Live Oak, TX 78148
      View Details
    • Contact for pricing
      1.00 Acre

      Prime Universal City Development Opportunity

      1-14 acre TX industrial land, multifamily & retail sites
      1604 Byrd Blvd, Universal City, TX 78148
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    • $566,280
      0.65 Acres

      Universal City Commercial Land

      Prime 0.65-acre lot, high visibility.
      200 Palisades Dr, Universal City, TX 78148
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      3.66 Acres

      Prime Universal City Land

      3.66 Acres, High-Traffic Location
      0 Sec Kitty Hawk Rd & Universal City Blvd, Universal City, TX 78148
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    • $1,600,000

      Prime Universal City Land

      5.35 Acres, Ideal Retail/Mixed Use
      1019 Byrd Blvd, Universal City, TX 78148
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    • Contact for pricing
      29.00 Acres

      Prime Universal City Retail Land

      29 Acres, Retail & Multifamily Potential
      0 1604 & Byrd, Universal City, TX 78148
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    Similar Nearby for Lease

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      1 SF

      Kitty Hawk Retail Pad Sites

      Prime Universal City Retail Land, 1-5 Acres
      1604 And Kitty Hawk, Universal City, TX 78148
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      7,256 SF

      Ground Lease: Universal City, TX

      7,256 sq ft Commercial Land, High Traffic
      300 Kitty Hawk Rd, Universal City, TX 78148
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    • Contact for pricing
      32,234 SF

      Prime Universal City Pad Site

      0.74-acre retail/medical pad, high traffic.
      3150 Pat Booker Road, Universal City, TX 78148
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      20,017 SF

      Industrial Space in Universal City

      Industrial property with rear-load design and excellent highway access.
      262 Park Ln, Universal City, TX 78148
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    • $11 SF/Yr
      8,040 SF

      Universal City Warehouse Space

      8,040 SF Industrial Warehouse, Divisible
      205 Byrd Blvd, Universal City, TX 78148
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    • Contact for pricing

      Kitty Hawk Land For Lease

      Vacant land for lease with frontage access.
      11801 E Loop 1604 N, Universal City, TX 78148
      View Details
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    Palisades Dr
    Live Oak, TX 78148
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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.

    More about this property
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