12064 Park Road 37, Lakehills, TX 78063

Lakehills
Local realty services provided by:Better Homes and Gardens Real Estate Winans
12064 Park Road 37,Lakehills, TX 78063
$149,900
  • - Beds
  • - Baths
  • 15,500 sq. ft.
  • Multi-family
  • Active
Listed by: thomas martinez
Office: leverage realty consulting group
MLS#:1875203
Source:LERA

Price summary

  • Price:$149,900
  • Price per sq. ft.:$9.67

About this home

Major price reduction with significant value-add and upside for achieving a 31% cap rate! Located in the high-growth corridor northwest of San Antonio on Park Road 37, this unrestricted property offers a 31% 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...

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Home facts

  • Year built:1955
  • Listing ID #:1875203
  • Added:315 day(s) ago
  • Updated:April 24, 2026 at 01:42 PM

Rooms and interior

  • Flooring:Carpeting, Stained Concrete
  • Living area:15,500 sq. ft.

Heating and cooling

  • Cooling:3+ Window/Wall
  • Heating:Electric

Structure and exterior

  • Roof:Metal
  • Year built:1955
  • Building area:15,500 sq. ft.
  • Lot area:0.35 Acres
  • Construction Materials:Brick, Metal Structure, Wood
  • Exterior Features:Covered Patio, Mature Trees, Partially Wooded, Patio Slab, Solar Screens, Workshop
  • Foundation Description:Slab

Schools

  • High school:Bandera
  • Middle school:Bandera
  • Elementary school:Hill Country

Utilities

  • Sewer:Septic

Finances and disclosures

  • Price:$149,900
  • Price per sq. ft.:$9.67
  • Tax amount:$1,057
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