4951 Fm 1283, Pipe Creek, TX 78063
MEDINA LAKE ESTATES 1 · Bandera County
Key Facts
Description
High Cash Flow Mixed-Use Investment. 70% Occupied. Net Operating Income Positive As-Is at a 9% Cap Rate. Pro Forma Cap Rate 22%. Hill Country Market Place is an income-producing mixed-use asset located in the rapidly growing northwest San Antonio corridor, strategically positioned between Helotes, Bandera, Lakehills/Medina Lake, and Alamo Ranch. This property offers investors an exceptional opportunity to acquire a cash flowing commercial center with significant upside, anchored by a well-established restaurant, bar and entertainment venue, and custom cabinetry manufacturing and fabrication warehouse, office, and industrial yard for delivery and fleet vehicles. The center offers 20,000 square feet of lease space on just over 1 acre of land, with an approximate 65 parking spaces, situated on a corner parcel on the FM 1283 thoroughfare that experiences 4,000 average vehicles per day. The property is currently ~70% occupied and producing income, with a pro-forma NOI of approximately $146,627, delivering a projected cap rate exceeding 22%. The existing tenancy provides immediate cash flow, while remaining vacancy and operational upside create strong buyer position on day one. Property includes a food truck/RV hookup, an upstairs apartment, and community and ensuite restrooms. Schedule your tour today!
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1997
Stories
2
Living Area
20,000 sq ft
Lot Size
1.05 acres
Days on Market
11
MLS® Listing#
1972994
Property Features
Cooling
Heating
Flooring
Patio
Lot Features
Construction
Foundation
Roof
Sewer
Water Source
Schools
- Elementary:
- Hill Country
- Middle:
- Bandera
- High:
- Bandera
- District:
- Bandera Isd
Financial Details
HOA
None
Annual Taxes
$6,827
Parcel Number
15150000000020
Directions
Travel northwest on FM 1283 from San Antonio, Helotes, Lakehills / Medine Lake and the property is on the right at the Kimberly Dr intersection. Navigate to The Eagle's Nest as a business reference for traveling to the property.
Affordability Calculator
$130,000
Estimated monthly payment
$3,460/mo
Principal $520,000 · Est. interest $725,446 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Pipe Creek, TX
- $494,253
- Median Listing Price
- 84
- Median Days on Market
- 2,269
- Median Sq Ft
- $199
- Median Price / Sq Ft
- 251
- Active Listings
- This home’s price is 32% above the area median.
- Its price per sq ft is 84% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Pipe Creek, TX.
Location
Map is currently unavailable for this location.
Points of Interest in Pipe Creek, TX
Showing the Pipe Creek area map.
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 110 Cassins Nest, Cedar Creek, TX | $455,990 | 5 | 3 | 3,016 |
| 110 Cancho Hill DR, Cedar Creek, TX | $464,047 | 4 | 3 | 2,466 |
| 135 Whitney Drive, Hickory Creek, TX | $469,000 | 4 | 3 | 3,203 |
| 109 Little Tenina TRL, Cedar Creek, TX | $469,950 | 3 | 3 | 2,435 |
| 229 Belmont WAY, Cedar Creek, TX | $474,182 | 4 | 3 | 2,540 |
| 272 Canyon LOOP, Cedar Creek, TX | $474,900 | 3 | 2 | 1,905 |
Moving Cost Estimate
EXIT Agents in Pipe Creek
Listing Courtesy: Leverage Realty Consulting Group - (210) 878-6683 Thomas@HireLeverageGroup.com
Presented by: Thomas Martinez