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Property profile & analytics
OFF-MARKET
Land

124 Cascade Cavern Boerne, TX 78015

72,309 SF 4.1 ac lot
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents two prime commercial land parcels totaling approximately 8.3 acres in Boerne, Texas, within the city's extraterritorial jurisdiction. The property, located at 124 Cascade Caverns Rd, Boerne, TX 78015, comprises two platted lots (4.1 and 4.2 acres) with existing infrastructure including septic and well systems. One parcel (4.1 acres) features a 10,170 square foot building currently 100% leased, generating a net operating income (NOI) of $88,988 annually with a three-year lease remaining. This building is adaptable for various uses, such as office, warehouse, gym, or medical facility. The zoning is OCL. The asking price for the 4.1-acre parcel with the building is $2,500,344 ($14.00/SF), while the 4.2-acre parcel is priced at $1,300,000 ($7.10/SF). Both parcels share a common detention system. This presents a unique opportunity to acquire established income-producing property alongside a significant development site, offering substantial potential for future growth and return on investment. The total square footage available across both parcels ranges from 72,309 to 178,596 square feet.

Property profile
Verified
Property type Land
Total area 72,309 SF
Lot 4.1 ac (178,596 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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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