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    Bulverde, TX 78163

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    Bulverde, TX 78163

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    • Land
    • 10.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details

    Lot size
    10.00 lot acres
    Property type
    Land

    Description

    This exceptional 10-acre commercial land parcel presents a unique investment opportunity in Bulverde, Texas. Situated on the southbound side of Highway 281, near Bulverde Crossing, this pennant-shaped property boasts approximately 1730 feet of valuable road frontage. Currently zoned C-2, the property offers significant development potential for a variety of commercial uses. Its convenient location provides easy access to the intersection of Highway 46 and Highway 281, and is also accessible via Bulverde Crossing. The unimproved land is ready for your vision, whether it's retail, office, or other commercial ventures. Detailed information, including a survey, zoning map illustrating permitted uses, aerial photography, and information regarding the Texas Department of Transportation (TXDOT) right-of-way acquisition, is available upon request. The asking price for this strategically located property is $1,850,000. This presents a compelling opportunity to capitalize on the growth and development occurring in the Bulverde area. The property's address is US-281 N, Bulverde, TX 78163, located in Comal County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bulverde
    County
    Comal
    State
    Texas
    Longitude
    -98.4224
    Latitude
    29.7875

    Comparable in this City

    • Value Estimation by Request
      2.01 Acres

      281 N & Bulverde Xing

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    • Value Estimation by Request
      5.31 Acres

      Us-281

      Land • 5.31 Acres
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    • Value Estimation by Request
      5.47 Acres

      Bulverde Tx 78163

      Mixed-use properties • 5.47 Acres
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      110.08 Acres

      2780 Bulverde Rd

      Retail properties & Spaces • 110.08 Acres
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    • Value Estimation by Request
      19,800 SF

      SH-46 Bulverde Rd

      Individual retail properties • 19,800 SF
      SH-46 Bulverde Rd, Bulverde, TX 78163
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    • Value Estimation by Request
      5.27 Acres

      Tx-46

      Mixed-use properties • 229,561 SF
      0 Tx-46, Spring Branch, TX 78163
      View Details

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      Bulverde Land For Sale

      Land available in Bulverde, Texas, with over 49,000 square feet.
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      Land For Sale

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      Residential Lot in Bulverde, TX

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      Land for Sale in Bulverde

      Land available in Bulverde, Texas.
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      Bulverde Crossing Land For Sale

      Land available at 120 Bulverde Crossing Rd, Bulverde, TX
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    Similar Nearby for Lease

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      Retail Opportunity in Booming Bulverde

      Multi-tenant retail space at a high-traffic intersection in Bulverde.
      SH-46 Bulverde Rd, San Antonio, TX 78163
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      1,188 SF

      Retail Space in Bulverde, TX

      Retail space available for lease in Bulverde, Texas.
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      3,200 SF

      Bulverde Restaurant with Drive-Thru

      Restaurant space with drive-thru opportunity in Bulverde, Texas.
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      3,223 SF

      Garden Office Setting For Rent

      Office space in a garden setting with ample parking.
      30745 Us Highway 281 N, Bulverde, TX 78163
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    • Contact for pricing
      1,663 SF

      Bulverde Office Space Available

      Office space available for rent in Bulverde, Texas.
      32665 Us Highway 281 N, Bulverde, TX 78163
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    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
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