Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    20248 Tx-46 Spring Branch, TX 78070
    Back to Search
    Property profile & analytics

    20248 Tx-46 Spring Branch, TX 78070

    View on Map
    • Retail properties & Spaces
    • 193,524 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 20248 Tx-46

    Year built
    2017
    Property size
    193,524 SF
    Property type
    Retail properties & Spaces

    Description

    The Arborwalk at Singing Hills, a 193,524 square foot retail shopping center in Spring Branch, Texas, presents a unique investment opportunity. Located at 20248 TX-46, Comal County, this 2017-built property sits on a substantial 42.26-acre lot and boasts a prime location adjacent to a large Walmart Supercenter (180,000 sq ft). Currently, there is 193,383 square feet of vacant space available, with a minimum divisible unit size of 940 square feet, offering flexibility for various retail tenants. The center is strategically positioned at the Northwest corner of Highway 281 and State Highway 46, ensuring high visibility and accessibility. This development is currently 28% pre-leased, with established national and regional tenants already in place, including Whataburger, Popeyes, Burger King, Jiffy Lube, SSFCU, Sonora Bank, Hampton Inn, Schlotzsky's, GNC, Bulverde Dentistry, Sport Clips, and Mattress Firm. The property offers 12 available spaces ranging from 900 to 25,000 square feet, providing options for businesses of various sizes. This is an exceptional opportunity to join a thriving retail community in a rapidly growing area of Texas. The property's size, location, and existing tenant base make it an attractive investment for both individual and portfolio investors seeking strong returns.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spring Branch
    County
    Comal
    State
    Texas
    Longitude
    -98.4209
    Latitude
    29.7983

    Comparable in this City

    • Value Estimation by Request

      19750 Tx-46

      Medical Office Space
      19750 Tx-46, Spring Branch, TX 78070
      View Details
    • Value Estimation by Request
      7.90 Acres

      311 And Fm 3159

      Land • 7.90 Acres
      311 And Fm 3159, Spring Branch, TX 78070
      View Details
    • Value Estimation by Request
      6,889 SF

      486 Singing Oaks

      Individual retail properties • 6,889 SF
      486 Singing Oaks, Spring Branch, TX 78070
      View Details
    • Value Estimation by Request
      652 SF

      17130 Tx-46

      Office Units • 652 SF
      17130 Tx-46, Spring Branch, TX 78070
      View Details
    • Value Estimation by Request
      5,188 SF

      24921 Tx-46

      Retail properties & Spaces • 5,188 SF
      24921 Tx-46, Spring Branch, TX 78070
      View Details
    • Value Estimation by Request
      19,720 SF

      46 Nwc Of Us Hwy 281 & State Hwy

      Retail properties & Spaces • 19,720 SF
      46 Nwc Of Us Hwy 281 & State Hwy, Spring Branch, TX 78070
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,966 SF

      Restaurant and Retail Opportunity

      2,966 SF building on 2.84 acres with frontage.
      13430 Us Highway 281 N, Spring Branch, TX 78070
      View Details
    • $185,000

      Commercial Land on Zinnia Avenue

      Commercial land with frontage on Zinnia and FM 306.
      135 Zinnia Ave, Spring Branch, TX 78070
      View Details
    • Contact for pricing
      2,966 SF

      Retail Space with Existing Business

      Retail space for sale with furniture, fixtures, and equipment.
      13430 Us Highway 281, Spring Branch, TX 78070
      View Details
    • $134,900
      1.00 Acre

      Versatile Lot in Mystic Shores

      Prime lot suitable for residential or commercial development.
      291 Stargrass, Spring Branch, TX 78070
      View Details
    • $43,250
      0.02 Acres

      Ready-to-Build Lot in Spring Branch

      0.23 acre lot with utilities ready for construction.
      1064 Ken Wayne Dr, Spring Branch, TX 78070
      View Details
    • $186,000
      1.55 Acres

      Residential Land in Spring Branch

      1.55-acre lot with Guadalupe River access and community amenities.
      118 Restless Wind, Spring Branch, TX 78070
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease Near School

      Platted lots available near Smithson Valley High School.
      311 And Fm 3159, Bulverde, TX 78070
      View Details
    • $2,700 /Mo
      2,223 SF

      Commercial Space Near Guadalupe River

      Unique commercial space with river access and versatile features.
      211 Uecker Dr, Spring Branch, TX 78070
      View Details
    • Contact for pricing

      Singing Hills Commercial Center Space

      Commercial center space for lease, 28% pre-leased.
      20248 Tx-46, Spring Branch, TX 78070
      View Details
    • Contact for pricing
      460 SF

      Retail/Office Space on US Hwy

      Adaptable retail or office space with high traffic visibility.
      8545 Us Highway 281 N, Spring Branch, TX 78070
      View Details
    • Contact for pricing
      9,600 SF

      H-E-B Anchored Retail Space

      Retail space available in H-E-B anchored shopping center.
      Swq Us 281 & Hwy 46, Bulverde, TX 78070
      View Details
    • Contact for pricing
      4,225 SF

      Retail Space in Spring Branch

      Retail space available for lease in Spring Branch, Texas.
      13140 Us Highway 281, Spring Branch, TX 78070
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20248 Tx-46
    Spring Branch, TX 78070
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    20248 Tx-46, Spring Branch, TX, 78070
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!