19015 K StSomerset, TX 78069
- Office properties
- 5,135 SF
Property Details for 19015 K St
- Year built
- 2011
- Lot size
- 1.00 AC
- Property size (Sq ft)
- 5,135 SF
- Property type
- Office properties
- APN
- 04232-000-0242
- APU
- 42320000242
Description
This exceptional investment opportunity in Somerset, TX, presents a versatile commercial property boasting significant potential. The property includes a large 50x30 metal building with a built-in drive-thru, ideal for various businesses such as a restaurant or Pollo Asado establishment. Additionally, a substantial 40x90 yellow building features a small apartment, providing extra space or rental income. Ample gated parking ensures convenient access for customers and employees. The property's strategic location offers unparalleled convenience, situated just 15 minutes from the Navistar Manufacturing Plant and within minutes of Koontz Corp on Highway 35 South and Somerset Road. The upcoming opening of the University Health Hospital in 2027, developed by Palo College, further enhances the property's long-term value and potential for growth. The property sits on a one-acre lot. The owner will be replacing the entire roof on the yellow building. This prime location, coupled with the versatile buildings and ample parking, makes this a truly exceptional investment opportunity. Don't miss out on this chance to secure a thriving business location in a rapidly developing area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $943,914
- 6.5%
- $871,305
- 7%
- $809,069
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,167,032
- Geo Method
- $1,167,032
-
Alternative Use
- Use
- Valuation
- Residential
- $1,080,418
- Hospitality
- $989,657
- Educational
- $823,383
- Medical
- $851,700
- Retail
- $1,280,818
Location Insight
- City
- Somerset
- County
- Bexar
- State
- Texas
- Latitude
- 29.2366
- Longitude
- -98.6629
- CBSA code
- 41700
- CBSA name
- SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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