19015 K StSomerset, TX 78069

For Sale
$749,000 View listing
  • 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
19015 K St, Somerset, Texas

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,062
$71,870
$266,500
$338,370
-
$71,870
$266,500
$338,370

FAQs

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