MLS# 1875285 – 12064 Park Road 37, Lakehills, TX 78063

Price: $189,900
Lot Size Acres: 0.35
Lot Size SqFt: 15,289
Status: Active
Property Type: Multi-use
Year Built: 1955
Days on Website: 174

Courtesy of Leverage Realty Consulting Group, Thomas Martinez (800) 401-0199

Property Description

Located in the high-growth corridor northwest of San Antonio on Park Road 37, this unrestricted property offers a 23.72% pro-forma cap rate (solely from rental income) and flexible options to lease a minimum of six spaces (up to eight without expansion) or combine as a tenant and owner-user mix. Spanning seven lots, the property features a mixed-use building, a covered detached patio with an adjacent structure (possible food stand QSR), multiple storage structures, and two to four RV or tiny home pads with full hookups. A 1950s Spartan Mansion is seamlessly integrated into the building, creating a distinctive setting for retail, office, or lodging use. Significant updates to the building and grounds, including utilities, aesthetics, and site improvements make this a turnkey opportunity for long-term leases or short-term rentals. Water, sewer, and electricity are already on-site. With easy access to the new H-E-B grocer at Hwy 211/Culebra Rd, Alamo Ranch, Helotes, Bandera, and Medina Lake, plus ample parking and natural shade from mature oaks and cedars, this versatile property is full of potential. Schedule your tour today!

Open House

Property Details and Features

  • Listing
  • Listing date: 2025-06-12 05:00:00
  • 174 days on market
  • 174 cumulative days on market
  • $12 per square foot
  • Location
  • County: Bandera
  • Area: 3100
  • Building
  • Built in 1955
  • Approximate age: 70
  • Building/center name: FORMER RETAIL BUSINESS
  • Wood
  • Brick
  • Metal
  • Other
  • 15,500 square feet
  • 604 office square feet
  • 15,500 other square feet
  • 604 retail square feet
  • 1 story
  • 3 buildings
  • Foundation
  • Slab
  • Other
  • Roof
  • Metal
  • Amenities
  • Exterior Lighting
  • Security System
  • High Speed INternet
  • Fenced Storage Yard
  • Inside Storage
  • Outside Storage
  • Living Area
  • Public Restroom
  • Interior Features
  • Ceiling height: 7
  • Cooling
  • Window
  • Wall
  • Other
  • Heating
  • 3 Units
  • Lot
  • Lot size: 0.351
  • Property
  • Zoning: UNRESTRICTED: RESIDENTIAL
  • Schools
  • School district: Bandera Isd
  • Miscellaneous
  • Gross income: 50400.00
  • Net operating income: $45,053
  • Net leasable area: 15500
  • Monthly lease: $0
  • Insurance: 1500.00
  • None
  • Forecast
  • Grade Level
  • No
  • Other
  • Maintenance: 1000.00
  • 8 rentals
  • 10 parking spaces
  • 6 units
  • Other tax: 27.28
  • Taxes
  • Total tax: $847
  • Annual tax: $847
  • City tax: $0
  • County tax: $339
  • $480 school tax
  • Property Tax ID: 10300080640110
  • Utilities
  • Gas utility supplier: Private
  • Electric utility supplier: BEC
  • Garbage utility supplier: Private
  • Water utility supplier: Private Well
  • Sewer utility supplier: Septic
  • Other utility supplier: GVTC
  • Waste removal: 2000.00
  • Electricity
  • Water
  • Telephone
  • Septic
  • Cable TV
  • Other

Property Map

$189,900 – 12064 Park Road 37, Lakehills, TX 78063

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