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12064 Park Road 37, Lakehills, TX 78063

Lakehills
Local realty services provided by:CENTURY 21 North East
12064 Park Road 37,Lakehills, TX 78063
$149,900
  • - Beds
  • - Baths
  • 15,500 sq. ft.
  • Multi-family
  • Active
Listed by: thomas martinez
Office: leverage realty consulting group
MLS#:1875203
Source:LERA

Price summary

  • Price:$149,900
  • Price per sq. ft.:$9.67

About this home

Major price reduction with significant value-add and upside for achieving a 31% cap rate! Located in the high-growth corridor northwest of San Antonio on Park Road 37, this unrestricted property offers a 31% pro-forma cap rate (solely from rental income) and flexible options to lease a minimum of six spaces (up to eight without expansion) or combine as a tenant and owner-user mix. Spanning seven lots, the property features a mixed-use building, a covered detached patio with an adjacent structure (possible food stand QSR), multiple storage structures, and two to four RV or tiny home pads with full hookups. A 1950s Spartan Mansion is seamlessly integrated into the building, creating a distinctive setting for retail, office, or lodging use. Significant updates to the building and grounds, including utilities, aesthetics, and site improvements make this a turnkey opportunity for long-term leases or short-term rentals. Water, sewer, and electricity are already on-site. With easy access to...

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Home facts

  • Year built:1955
  • Listing ID #:1875203
  • Added:322 day(s) ago
  • Updated:May 01, 2026 at 01:43 PM

Rooms and interior

  • Flooring:Carpeting, Stained Concrete
  • Living area:15,500 sq. ft.

Heating and cooling

  • Cooling:3+ Window/Wall
  • Heating:Electric

Structure and exterior

  • Roof:Metal
  • Year built:1955
  • Building area:15,500 sq. ft.
  • Lot area:0.35 Acres
  • Construction Materials:Brick, Metal Structure, Wood
  • Exterior Features:Covered Patio, Mature Trees, Partially Wooded, Patio Slab, Solar Screens, Workshop
  • Foundation Description:Slab

Schools

  • High school:Bandera
  • Middle school:Bandera
  • Elementary school:Hill Country

Utilities

  • Sewer:Septic

Finances and disclosures

  • Price:$149,900
  • Price per sq. ft.:$9.67
  • Tax amount:$1,057
MLS LogoIDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by LERA MLS (Local Expertise Regional Access).  The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. 

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