12702 Toepperwein RdLive Oak, TX 78233

Property Details for 12702 Toepperwein Rd

Year built

1985

Lot size

4.35 AC

Property size (Sq ft)

62,515 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

05048-701-0026

APU

50487010026

Description

Plaza I-35 Shopping Center presents a unique investment opportunity in Live Oak, Texas. This two-story commercial property boasts a total of 51,607 square feet, divided into 13 individual suites, offering flexibility for a variety of tenants. The property's diverse suite options cater to a range of business types, including traditional office, executive office, medical office, coworking spaces, and creative office uses. Its strategic location at 12702 Toepperwein Rd, Live Oak, TX 78233, offers high visibility and impressive traffic counts due to its proximity to I-35 and Toepperwein Road. This high-traffic area is further enhanced by its adjacency to numerous national retailers, creating a vibrant retail environment and increased foot traffic. The property's location directly across from Methodist Northeast Hospital presents a significant advantage for businesses serving the healthcare community, including medical professionals, patients, and visitors. The Northeast submarket of Live Oak provides a strong foundation for business growth and success. This property offers a compelling combination of location, size, and versatility, making it an ideal investment for those seeking a thriving commercial space in a rapidly growing area. The property is classified as Retail and Office, with multiple tenancies available.

• CAP approach

  CAP return

  Valuation

  6%

  $17,247,988

  6.5%

  $15,921,220

  7%

  $14,783,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $35,803,616

  Geo Method

  $35,803,616

• Alternative Use

  Use

  Valuation

  Residential

  $13,430,145

  Hospitality

  $12,301,940

  Educational

  $10,235,070

  Medical

  $10,587,070

  Retail

  $15,921,220

Location Insight

City

Live Oak

County

Bexar

State

Texas

Latitude

29.5544

Longitude

-98.3464

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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