Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Retail space
18200 Fm 306 Canyon Lake, TX 78133-4379
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3019832
Property summary
AI-generated overview
This single-tenant retail space, totaling 6,400 square feet, is situated at 18200 FM 306 in Canyon Lake, Texas, 78133. The property, known as Hancock Plaza, is a Class C building constructed in 1983 and features one single-story building on a 1.48-acre lot. Currently, 1,320 square feet is available for lease. The property is zoned GC and has an APN of 74312. Its ideal location within the Comal County Retail submarket offers exceptional visibility and accessibility. The plaza enjoys a prime position adjacent to Hill Country Resorts and Brookshire Brothers grocery store, sharing an intersection with Canyon Park Road. This high-traffic area benefits from proximity to popular attractions such as Canyon Lake Swim Beach, Canyon Lake Marina, and Breakwater Grill & Cantina, ensuring consistent foot traffic, particularly during peak summer seasons. The property is suitable for various retail or restaurant uses, including quick service, delivery, takeout, and dinner establishments. This presents a unique opportunity for businesses seeking a thriving location in a desirable area.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1983
Total area
6,400 SF
Lot
1.48 ac (64,508 SF)
APN
74-0104-0027-00
UPID
US83-3019832
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$650k
Blend (final)
Blend
$555k
Owner & transaction history
Vadhwani Ents INC · 9 yrs held
Vadhwani Ents INC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$840,000
+35.3%
Commercial (general)
$830,000
+33.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Canyon Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canyon Lake submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$620,000
Current use
AUTO REPAIR, GARAGE
$840,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$830,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$87 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,684
Tax year 2023
Assessed value
$850,536
Assessed 2023
Previous assessed
$850,536
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$508,051
Assessed improvement
$342,485
Land market value
$508,051
Improvement market value
$342,485
Total market value
$850,536
Applied tax rate
46.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1983
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,400 SF
Lot
1.48 ac (64,508 SF)
APN
74-0104-0027-00
UPID
US83-3019832
Jurisdiction
COMAL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$620,000
AUTO REPAIR, GARAGE
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$830,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Vadhwani Ents INC
Entity
Mailing address
2106 OLD SATTLER RD, CANYON LAKE, TX 78133-6416
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2017
—
Vadhwani Ents INC
Chappell,norman R & Linda
Warranty Deed
$1,267,500 · Prosperity Bk
Jan 5, 2017
—
Norman R Chappell
Vadhwani Ents INC
Grant Deed
related
—
May 17, 2011
—
Norman R Chappell
Vadhwani Ents INC
Warranty Deed
related
—
Mar 3, 2008
—
Vadhwani Ents INC
Auslander Inv Group Ptrs Ltd
Warranty Deed
related
$562,500 · Auslander Inv Group Ptrs Ltd
Feb 28, 2008
—
Canyon Foods LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Vadhwani Ents INC
—
Loan Modification
related
$190,331 · First Victoria National Bank
—
—
Vadhwani Ents INC
—
Loan Modification
related
$377,566 · First Victoria National Bank
—
—
Auslander Inv Group Ptrs Ltd
—
Loan Modification
related
$562,500 · First State Bank
—
—
Vadhwani Ents INC
—
Deed Of Trust
related
$562,500 · First State Bank
—
—
Vadhwani Ents INC
—
Loan Modification
related
$188,567 · First Victoria National Bank
—
—
Vadhwani Ents INC
—
Loan Modification
related
$374,221 · First Victoria National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 18200 Fm 306?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
