$450,000
●
Land -
Off Market
144 River Chase Way
New Braunfels, TX 78132
Studio
0 Bath
241,758 Ft²
$2,784
Est. Monthly
$17
HOA / Fees
About This Property
Your opportunity to own a 5.5 acre tract of land in highly
desirable River Chase Subdivision has finally come. The lot
is also zoned commercial so you could live and work on this
beautiful property that is laced with mature oak trees. You
will also have access to the 58 acre River Chase River Park as well
as the 32 acre complex which includes a community pool, tennis
courts, clubhouse, fitness center, walking trails, a
catch-and-release pond, and sports court.
Unit Size
241,758 Ft²
Days on Market
-
Land Size
5.55 acres
Price per sqft
$2
Property Type
Land
Property Taxes
$411
HOA Dues
$17
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (LERA #1683282)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2024 | Sold | ||
| Sold | |||
| Apr 26, 2023 | Listed by RentWerx San Antonio | $479,900 | |
| Listed by RentWerx San Antonio | |||
| | |||
|
Your opportunity to own a 5.5 acre tract of land in the highly desirable River Chase Subdivision has arrived. With 5.5 acres of commercial unimproved property with approximately 560' of FM 306 frontage, the possibilities are plenty. Potential C-1 opportunities include professional and administrative offices, as well as retail space, restaurant, bank, child care services. This tract of land is just minutes from Creekside Shopping Center. You will also have access to the 58 acre River Chase River Park as well as the 32 acre complex which includes a community pool, tennis courts, clubhouse, fitness center, walking trails, a catch-and-release pond, and sports court.
| |||
| Mar 14, 2022 | Sold | ||
| Sold | |||
| Feb 2, 2022 | No longer available | - | |
| No longer available | |||
| Dec 22, 2021 | Listed by Keller Williams Heritage | $389,000 | |
| Listed by Keller Williams Heritage | |||
| | |||
|
Here is your opportunity to own a 5.5 acre tract of land in highly desirable River Chase Subdivision. The lot is also zoned commercial so you could live and work on this beautiful property that is laced with mature oak trees. You will also have access to the 58 acre River Chase River Park as well as the 32 acre complex which includes a community pool, tennis courts, clubhouse, fitness center, walking trails, a catch-and-release pond, and sports court.
| |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About River Chase
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Listed by: Manuel Gonzalez, RentWerx San Antonio
Last Updated: 6 months ago
Data Source: LERA, MLS# 1683282
Last Updated: 6 months ago
Data Source: LERA, MLS# 1683282
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