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    184 Elk Rdg Canyon Lake, TX 78133
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    Property profile & analytics

    184 Elk Rdg Canyon Lake, TX 78133

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    • Commercial real estate
    • 5.05 lot acres
    Off-Market
    Property ID
    US82-8756075
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 184 Elk Rdg

    Lot size
    5.05 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5.05-acre property in Canyon Lake, Texas, presents a unique opportunity. The land boasts a newly installed 4-bedroom, 2-bathroom mobile home and a completed driveway, providing a solid foundation for your future home. Multiple flat areas offer ample space for expansion, perfect for adding a workshop or barn to suit your needs. The property is situated in a tranquil neighborhood surrounded by acreage, offering abundant wildlife viewing opportunities, including deer. Located in Comal County, with the address 184 Elk Ridge, Canyon Lake, TX 78133, this lot is conveniently located and offers privacy and the potential for a truly customized living experience. The asking price is $499,000. This is a chance to build your dream home in a serene Texas setting with existing improvements already in place. Don't miss this chance to own a piece of Texas country living.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Canyon Lake
    County
    Comal
    State
    Texas
    Longitude
    -98.118084
    Latitude
    29.864294

    Comparable in this City

    • $3,549,000
      30.30 Acres

      Hill Country Property with Lake Views

      30+ acre property with lake views and development potential.
      901 Cedar Rise Dr, Canyon Lake, TX 78133
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    • $839,995

      Guadalupe Riverfront STR Investment Opportunity

      Turnkey short-term rental property on the Guadalupe River.
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    • New
      $339,000
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      Business - Canyon Lake, TX

      Income property with RV lots near Canyon Lake access.
      9895 Fm 2673, Canyon Lake, TX 78133
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    • $595,000
      2,534 SF

      Canyon Lake Triplex with Income

      Triplex near Canyon Lake with owner financing and rental income.
      1251 Canyon Crk, Canyon Lake, TX 78133
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    • Contact for pricing
      190,584 SF

      Hill Country Resort Multifamily Opportunity

      205-unit resort in Canyon Lake, Texas, offered for sale.
      17545 Fm 306, Canyon Lake, TX 78133
      View Details

    Similar Nearby for Sale

    • $3,549,000
      30.30 Acres

      Hill Country Property with Lake Views

      30+ acre property with lake views and development potential.
      901 Cedar Rise Dr, Canyon Lake, TX 78133
      View Details
    • $839,995

      Guadalupe Riverfront STR Investment Opportunity

      Turnkey short-term rental property on the Guadalupe River.
      546 Riverside Path, Canyon Lake, TX 78133
      View Details
    • New
      $339,000
      0.79 Acres

      Business - Canyon Lake, TX

      Income property with RV lots near Canyon Lake access.
      9895 Fm 2673, Canyon Lake, TX 78133
      View Details
    • $595,000
      2,534 SF

      Canyon Lake Triplex with Income

      Triplex near Canyon Lake with owner financing and rental income.
      1251 Canyon Crk, Canyon Lake, TX 78133
      View Details
    • Contact for pricing
      190,584 SF

      Hill Country Resort Multifamily Opportunity

      205-unit resort in Canyon Lake, Texas, offered for sale.
      17545 Fm 306, Canyon Lake, TX 78133
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      32,714 SF

      Canyon Lake Commercial Ground Lease

      High-traffic corner lot ideal for retail, restaurant, or service.
      Highway 306, Canyon Lake, TX 78133
      View Details
    • Contact for pricing

      Unique Geodome Commercial Space

      Distinctive geodome perfect for creative or wellness businesses.
      192 Charter Oak Dr, Canyon Lake, TX 78133
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    • Contact for pricing

      Prime Location Retail/Office Space

      Retail and office spaces in high-traffic Canyon Lake location.
      18100 Fm 306, Canyon Lake, TX 78133
      View Details
    • $650 /Mo
      Pending

      Executive Offices and Warehouse Space

      Executive offices and warehouse space available for lease this spring.
      23540 Fm 306, Canyon Lake, TX 78133
      View Details
    • $2,500 /Mo
      1,500 SF

      Retail/Office Space in Canyon Lake

      1500 SF commercial space in high-traffic Canyon Lake location.
      1642 Fm 2673, Canyon Lake, TX 78133
      View Details
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    Canyon Lake, TX 78133
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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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