12821 River RdCanyon Lake, TX 78132

Property Details for 12821 River Rd

Year built

2014

Lot size

1.25 AC

Property size (Sq ft)

1,080 SF

Property type

Office buildings

APN

74-0524-0015-00

APU

740524001500

Description

This exceptional investment opportunity presents a 50-bed hotel, "Tipis on the Guadalupe," situated on 1.247 acres in Canyon Lake, Texas (New Braunfels zip code 78132). Boasting a 5.17% cap rate and a strong NOI of $75,000, this stabilized property offers significant return potential. The 5,640 square foot hotel features nine unique tipi cabin accommodations, each with its own bathroom access via two separate bathhouses. An on-site office and laundry facility add to the operational efficiency. Built in 2014, the single-story property is conveniently located less than an hour from both Austin and San Antonio, and just over an hour from Fredericksburg's Hill Country wine trail. Nearby attractions include the renowned Gruene Dance Hall and Whitewater Amphitheater. The property also includes a separate tiny home, potentially offering additional income or on-site management housing (negotiable). The asking price is $1,450,000, translating to $257.09 per square foot. This unique hotel presents a compelling investment in a desirable Texas location.

• CAP approach

  CAP return

  Valuation

  6%

  $229,730

  6.5%

  $212,059

  7%

  $196,912

• Comparable approach

  Method

  Valuation

  Relative Method

  $245,452

  Geo Method

  $245,452

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $454,509

  Retail / Commercial

  $225,824

  Mixed-Use / Specialty

  $219,309

  Hospitality / Lodging

  $153,466

  Institutional / Educational

  $225,952

  Residential Income

  $264,364

  Multifamily

  $348,719

  Automotive / Energy

  $193,673

  Parking / Income-Based Land

  $72,475.70

  Restaurant / Food Service

  $101,878

  Healthcare / Senior Housing

  $230,753

Location Insight

City

New Braunfels

County

Comal

State

Texas

Latitude

29.8305

Longitude

-98.1647

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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