MLS# 1972993 – 4951 Fm 1283, Pipe Creek, TX 78063

Price: $650,000
Lot Size Acres: 1.05
Lot Size SqFt: 45,781
Status: Active
Property Type: Multi-use
Year Built: 1997
Days on Website: 13

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

Property 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!

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Property Details and Features

  • Listing
  • Listing date: 2026-06-05 05:00:00
  • 13 days on market
  • 258 cumulative days on market
  • $33 per square foot
  • Location
  • County: Bandera
  • Area: 2400
  • Building
  • Built in 1997
  • Approximate age: 29
  • Building/center name: HILL COUNTRY MARKET PLACE
  • Wood
  • Metal
  • Metal Structure
  • 20,000 square feet
  • 10 buildings
  • Roof
  • Metal
  • Accessibility Features
  • Ext Door Opening 36+
  • No Carpet
  • Level Lot
  • Level Drive
  • Wheelchair Accessible
  • Amenities
  • Exterior Lighting
  • Fenced Storage Yard
  • Inside Storage
  • Outside Storage
  • Living Area
  • Public Restroom
  • Security Fence
  • Security Lighting
  • Controlled Access
  • Interior Features
  • Ceiling height: 22
  • Lot
  • Lot size: 1.051
  • Property
  • Zoning: UNRESTRICTED
  • Schools
  • School district: Bandera Isd
  • Miscellaneous
  • Gross income: 88020.00
  • Net operating income: $58,140
  • Net leasable area: 20000
  • Monthly lease: $450
  • Insurance: 3960.00
  • None
  • Actual
  • Forecast
  • Grade Level
  • No
  • Other
  • Maintenance: 360.00
  • 8 drive-in doors
  • 13 rentals
  • 65 parking spaces
  • 13 units
  • Other tax: 0.00
  • Taxes
  • Total tax: $5,940
  • City tax: $0
  • County tax: $2,540
  • $3,400 school tax
  • Property Tax ID: 15150000000020
  • Utilities
  • Gas and electric: 10000.00
  • Electric utility supplier: BEC
  • Garbage utility supplier: Varies
  • Water utility supplier: Well
  • Sewer utility supplier: Septic
  • Other utility supplier: Varies
  • Electricity
  • Water
  • Septic
  • Other

Property Map

$650,000 – 4951 Fm 1283, Pipe Creek, TX 78063

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