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    1041 Canyon Lake Dr Canyon Lake, TX 78133

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    1041 Canyon Lake Dr Canyon Lake, TX 78133

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    Property Details for 1041 Canyon Lake Dr

    Property type
    Land

    Description

    This exceptional 4.04-acre commercial land parcel presents a unique redevelopment opportunity in the rapidly expanding Canyon Lake, Texas area. Strategically located on a corner lot at 1041 FM 484, this flat, usable land boasts high visibility and easy access. Its prime location near Canyon Lake makes it ideal for a variety of commercial ventures. The property's size and corner lot positioning offer significant potential for development, including but not limited to retail establishments, gas stations, or self-storage facilities. This is a rare chance to acquire a substantial piece of commercial real estate in a thriving Texas market. The address is 1041 FM 484, Canyon Lake, TX 78133, with GPS coordinates of 29.8781434 latitude and -98.2431747 longitude. The zip code is 78133. Given the current market dynamics and the property's characteristics, this represents a compelling investment prospect for developers and entrepreneurs seeking a foothold in a high-growth area. The expansive acreage and strategic location offer considerable flexibility in terms of development plans, catering to a wide range of commercial uses. This is a truly exceptional opportunity to capitalize on the burgeoning commercial landscape of Canyon Lake.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Canyon Lake
    County
    Comal
    State
    Texas
    Longitude
    -98.2432
    Latitude
    29.8781

    Comparable in this City

    • Value Estimation by Request
      4.00 Acres

      2331 Potters Creek Rd

      Land • 4.00 Acres
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    • Value Estimation by Request
      4.80 Acres

      122 Woodcock Ln

      Land • 4.80 Acres
      122 Woodcock Ln, Canyon Lake, TX 78133
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    • Value Estimation by Request
      3.75 Acres

      1978 Paradise Pkwy

      Land • 3.75 Acres
      1978 Paradise Pkwy, Canyon Lake, TX 78133
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    • Value Estimation by Request
      3.29 Acres

      3124 Fm 2673

      Multifamily properties • 15,348 SF
      3124 Fm 2673, Canyon Lake, TX 78133
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    • Value Estimation by Request
      5.59 Acres

      1560 Eagle Pt Dr

      Land • 5.59 Acres
      1560 Eagle Pt Dr, Canyon Lake, TX 78133
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    • Value Estimation by Request
      5.05 Acres

      184 Elk Rdg

      Land • 5.05 Acres
      184 Elk Rdg, Canyon Lake, TX 78133
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    Similar Nearby for Sale

    • $59,980

      Land for Sale

      Land available in Canyon Lake, Texas.
      1024 Greenbriar Dr, Canyon Lake, TX 78133
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    • $99,990
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      Canyon Lake Land For Sale

      Land available in Canyon Lake, Texas.
      810 La Paloma Dr, Canyon Lake, TX 78133
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    • New
      $699,900
      23.87 Acres

      Texas Hill Country Acreage

      Scenic 23.87-acre property near Canyon Lake.
      Fm 484, Canyon Lake, TX 78133
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      32,714 SF

      Canyon Lake Commercial Ground Lease

      High-traffic corner lot ideal for retail, restaurant, or service.
      Highway 306, Canyon Lake, TX 78133
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    • $20 SF/Yr

      1642 Fm 2673

      Old Thyme Plaza
      1642 Fm 2673, Canyon Lake, TX 78133
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    • Contact for pricing

      Unique Geodome Commercial Space

      Distinctive geodome perfect for creative or wellness businesses.
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    • Contact for pricing

      Prime Location Retail/Office Space

      Retail and office spaces in high-traffic Canyon Lake location.
      18100 Fm 306, Canyon Lake, TX 78133
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    • $650 /Mo
      Pending

      Executive Offices and Warehouse Space

      Executive offices and warehouse space available for lease this spring.
      23540 Fm 306, Canyon Lake, TX 78133
      View Details
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    Canyon Lake, TX 78133
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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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