124 Cascade Cavern Boerne, TX 78015
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.