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    Land

    9988 Highway Dr, San Antonio, TX 78211

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    Property summary
    AI-generated overview

    This exceptional 34-acre agricultural property in San Antonio, Texas, presents a unique investment opportunity. Located at 9988 S. U.S. Highway 81, Bexar County, zip code 78211, this level land boasts approximately 1,069 feet of frontage along New Laredo Highway and a depth of 1,643 feet. The property features Leon Creek, which meanders through the land, creating a natural haven for native flora and wildlife. The total lot size is 1,481,040 square feet. Currently unimproved, the land is characterized by mature oak trees and native vegetation. The property is zoned NP-10 and sits within the 100% floodplain of Leon Creek. Daily traffic counts on New Laredo Highway reach 5,515 vehicles. Utilities are not currently available. Given its size, location, and natural beauty, this property is well-suited for a variety of uses, including potential participation in the Texas Farm and Ranch Land Conservation Program (TFRLCP) or development as a public park. The asking price is $1,950,000, making it an attractive prospect for investors seeking a 1031 exchange. The property is owned by TJL-MLWL Trust.

    Property profile
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    Property type Land
    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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    Permitted uses
    Allowed · conditional · prohibited
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