Active
$650,000
4951 Fm 1283
Pipe Creek, TX 78063
20,000 sqft · $33/sqft
Property details
- Sq ft
- 20,000
- Built
- 1997
- Type
- RES
- Subdivision
- MEDINA LAKE ESTATES
- County
- Bandera
- List date
- Jun 5, 2026
- Original price
- $650,000
Features
Exterior
- Patio Slab
- Covered Patio
- Wrought Iron Fence
- Storage Building/Shed
- Detached Quarters
- Additional Dwelling
Schools
- Elementary
- Hill Country
- Middle
- Bandera
- High
- Bandera
- District
- Bandera Isd
Additional details
- Flooring
- Wood, Laminate, Stained Concrete
- Taxes
- $8,372/yr
About this home
High Cash Flow Mixed-Use Investment. 70% Occupied. Net Operating Income Positive As-Is at a 8.67% 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 $143,000 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!
Location
4951 Fm 1283