32685 US-281 STE 181 Bulverde TX 78163

Sale: Development Opportunity with Existing Income 6.91-Acre Site on Us 281 North in Bulverde's Fastest-Growing Corridor, Featuring 9,960 Sf Medical Office Building (53% Occupied, Lease-Up in Progress) with Substantial Excess Land for Future Development.

The Land Play Current Improvements Occupy ~1.73 Acres, Leaving 5.72± Developable Acres with Highway 281 Frontage (562 Lf). Zoned C-2. Potential to Subdivide Into 2-3 Additional Pads for Retail, Medical, or Flex/industrial Use. Site Positioned in Comal County Growth Path Between San Antonio and Hill Country—demographics Show 33% Population Growth Since 2000, Median Home Values $473 K (up 12.5% Yoy), Household Incomes Exceeding $100 K.

Existing Building as Bridge Asset Class B Medical Office (built 2004) with 5 Units Ranging 909-3,637 Sf. Current Annual Rent Roll: $110,162 from 3 Occupied Units. Two Vacant Units in Lease up Mode. Building Infrastructure: Metal Roof, 55 Parking Spaces, Gigabit Internet, Septic System. 2025 Nnn Expenses: $0.61 Psf/month ($7.31/year).

Market Position Located at Northern Gateway Between San Antonio (stone Oak 15 Min South) and Hill Country Destinations. Tx Dot Traffic Counts Show Us 281 Carries 58 K+ Daily Vehicles Through This Corridor. Surrounded by High-Income Subdivisions: Timberwood Park, Johnson Ranch, Copper Canyon, Hidden Trails. San Antonio Metro Adding ~1 M Residents Next 25 Years—bulverde Identified as Key Growth Valve.

Pricing Context $3.2 M Asking Reflects Land Value + Performing Asset. at Stabilization (100% Leased), Building Alone Would Underwrite at Traditional Cap Rates. Current Pricing Weights Heavily Toward 5.72 Ac Development Potential in Supply-Constrained, High-Income Submarket. Seller Has Invested 12 Months in Lease-Up Strategy; 40% Improvement in Occupancy During Hold Period.

Property Details: 9,960 Sf | 5 Units | 6.91 Ac | C-2 Zoning | Comal County | Septic | Pec Power

Bulverde / Us 281 North Corridor: Positioned in Comal County's Highest-Growth Commercial Node, with Fundamentals that Separate This Market from Typical Suburban San Antonio:

Demographics & Growth: Bulverde Area Population up 33% Since 2000. Comal County Median Household Income Exceeds $100k—among Highest in Texas. Residential Values: $473k Median (up 12.5% Yoy, Oct 2025), Signaling Continued High-Income In-Migration.

Infrastructure & Access: Us 281 North Carries 50k+ Daily Traffic Count Through Corridor. Txdot Multi-Phase Expansion Converting to Controlled-Access Freeway with Frontage Roads. Direct Access to San Antonio Employment Centers (stone Oak 15 Min), New Braunfels, Boerne, and Hill Country. Major Intersection: Us 281 & Fm 46.

Competitive Position: Cre Research Identifies Us 281/bulverde as "affluent Frontier" with Undersupply of Neighborhood Retail and Small-Bay Flex Space Relative to Household Growth. San Antonio Metro Projected to Add 1m Residents Over 25 Years—bulverde Explicitly Cited by Regional Planners as Northern Expansion Corridor.

Immediate Trade Area: Surrounded by Master-Planned Communities (timberwood Park, Johnson Ranch, Copper Canyon, Hidden Trails) Serving Affluent Families Seeking Hill Country Lifestyle with Metro Access. Local Retail/service Demand Outpacing Current Commercial Inventory.

Submarket: Far North Central | Bulverde/spring Branch | Comal County

• 7.45 total acres with 5.72± acres available for additional development or subdivision
• Highway 281 frontage (562 LF) with 58K+ daily traffic count in high-growth corridor
• Existing 9,960 SF medical office generating $110K+ annual rent (3 units occupied, 2 in lease up mode)
• C-2 zoning permits retail, office, medical, and service commercial uses
• Comal County location: 33% population growth since 2000, $100K+ median household income
• Current building occupies ~1.73 acres, leaving multiple pad sites for phase 2 development
• 2025 NNN expenses $7.31/SF annually; metal roof, 55 parking spaces, gigabit internet
• 15 minutes south of Stone Oak, direct access to San Antonio, New Braunfels, Hill Country markets
• 25 minutes to San Antonio International Airport
• Positioned in undersupplied submarket for neighborhood retail and small-bay flex space
• Seller completing lease-up campaign: occupancy improved from 20% to 53% during 12-month hold