Bulverde Medical Office on 7.45 AC | Value-Add + Excess Land | US 281 Growth Corridor

Highlights

Description

DEVELOPMENT OPPORTUNITY WITH EXISTING INCOME
7.45-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 $473K (up 12.5% YOY), household incomes exceeding $100K.

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. TxDOT traffic counts show US 281 carries 58K+ daily vehicles through this corridor. Surrounded by high-income subdivisions: Timberwood Park, Johnson Ranch, Copper Canyon, Hidden Trails. San Antonio metro adding ~1M residents next 25 years—Bulverde identified as key growth valve.

PRICING CONTEXT
$3.2M 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 | 7.45 AC | C-2 Zoning | Comal County | Septic | PEC Power

Professional office suite available for lease at Bulverde Ridge Medical Business Park, 32685 US Highway 281 North. High-visibility location in Comal County's fastest-growing commercial corridor.

Suite Features: Flexible floor plans accommodating medical, professional office, or service businesses. Ample dedicated parking. Class B building with metal roof, gigabit internet access.

Location Advantages: Direct Highway 281 frontage with 50K+ daily traffic count. Surrounded by affluent residential communities (median home value $473K, household income $100K+). 15 minutes to Stone Oak, easy access to San Antonio metro, New Braunfels, Hill Country.

Lease Terms: NNN structure. 2025 operating expenses $7.31/SF annually. Multiple suite sizes available 900-3,600 SF.

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

Documents

Units for Lease