124 Cascade Cavern Boerne, TX 78015
- Land
- 72,309 SF
- 4.10 lot acres
Current Use by Public Records
- Land
Property Details for 124 Cascade Cavern
- Lot size
- 4.10 lot acres
- Property size
- 72,309 SF
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boerne
- County
- Kendall
- State
- Texas
- Longitude
- -98.6877
- Latitude
- 29.7535
