About 12064 Park Road 37
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!
Features of 12064 Park Road 37
| MLS® # | 1875203 |
|---|---|
| Price | $189,900 |
| Remarks | $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! |
| Square Footage | 15,500 |
| Acres | 0.35 |
| Year Built | 1955 |
| Type | Multi-Family (2-8 Units) |
| Status | Active |
| Housing Type | One Story |
Community Information
| Address | 12064 Park Road 37 |
|---|---|
| Area | 3100 |
| Subdivision | AVALON |
| City | Lakehills |
| County | Bandera |
| State | TX |
| Zip Code | 78063 |
Amenities
| View | Lake Medina |
|---|---|
| Pool On Property | No |
Interior
| Heating | 3+ Units |
|---|---|
| Cooling | 3+ Window/Wall, Other |
Exterior
| Exterior | Brick, Metal Structure, Wood |
|---|---|
| Exterior Features | Covered Patio, Lake Medina, Mature Trees (ext feat), Partially Wooded, Patio Slab, Solar Screens, Mature Trees, Workshop |
| Roof | Metal |
| Foundation | Other, Slab |
School Information
| District | Bandera Isd |
|---|---|
| Elementary | Hill Country |
| Middle | Bandera |
| High | Bandera |
Additional Information
| $/LivSqFt | $12 |
|---|---|
| Net Income | $45,053 |
| Building Sqft | 15,500 |
| # Units | 6 |
| Date Listed | June 12th, 2025 |
| Days on Market | 139 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Thomas Martinez |
|---|---|
| Office | Leverage Realty Consulting Group |