12064 Park Road 37, Lakehills, TX 78063

Local realty services provided by:ERA Colonial Real Estate
12064 Park Road 37,Lakehills, TX 78063
$189,900
  • - Beds
  • - Baths
  • 15,500 sq. ft.
  • Multi-family
  • Active
Listed by:thomas martinez(210) 878-6683, Thomas@HireLeverageGroup.com
Office:leverage realty consulting group
MLS#:1875203
Source:SABOR

Price summary

  • Price:$189,900
  • Price per sq. ft.:$12.25

About this home

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

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Home facts

  • Year built:1955
  • Listing ID #:1875203
  • Added:113 day(s) ago
  • Updated:October 04, 2025 at 01:35 PM

Rooms and interior

  • 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

Schools

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

Utilities

  • Sewer:Septic

Finances and disclosures

  • Price:$189,900
  • Price per sq. ft.:$12.25
  • Tax amount:$1,058
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