Property profile

at Sierra Sunset Foster Rd Converse, TX 78109

OFF-MARKET
Land
1.02 ac lot
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Property summary

AI-generated overview

This exceptional 1.016-acre commercial land parcel presents a unique investment opportunity in Converse, Texas. Located in Bexar County, at the intersection of N. Foster Rd. and Sierra Sunset, this property boasts 190 feet of frontage on N. Foster Rd., a major thoroughfare experiencing significant growth. The site is conveniently situated outside city limits yet enjoys close proximity to IH-10, providing excellent accessibility. Adding to its appeal, a proposed McDonald's is adjacent to the property, and a newly constructed Caliber Collision center is directly across the street, indicating a thriving commercial environment. The area is witnessing a surge in development, with several new single-family residential subdivisions and numerous new commercial and industrial projects underway. The property is zoned OCL, offering flexibility for various commercial uses. This strategic location and the surrounding development activity make this 1-acre lot an attractive proposition for investors seeking high-growth potential in a rapidly expanding market. The asking price is $1,025,000. This is a rare opportunity to acquire a prime commercial lot in a high-demand area.

Property profile

Verified
Property type Land
Lot 1.02 ac (44,257 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

at Sierra Sunset Foster Rd Converse, TX 78109
Converse metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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