About 4951 Fm 1283
High Cash Flow Mixed-Use Investment. 70% Occupied. Net Operating Income Positive As-Is at a 8.67% Cap Rate. Pro Forma Cap Rate 22%. Hill Country Market Place is an income-producing mixed-use asset located in the rapidly growing northwest San Antonio corridor, strategically positioned between Helotes, Bandera, Lakehills/Medina Lake, and Alamo Ranch. This property offers investors an exceptional opportunity to acquire a cash flowing commercial center with significant upside, anchored by a well-established restaurant, bar and entertainment venue, and custom cabinetry manufacturing and fabrication warehouse, office, and industrial yard for delivery and fleet vehicles. The center offers 20,000 square feet of lease space on just over 1 acre of land, with an approximate 65 parking spaces, situated on a corner parcel on the FM 1283 thoroughfare that experiences 4,000 average vehicles per day. The property is currently ~70% occupied and producing income, with a pro-forma NOI of approximately $143,000 delivering a projected cap rate exceeding 22%. The existing tenancy provides immediate cash flow, while remaining vacancy and operational upside create strong buyer position on day one. Property includes a food truck/RV hookup, an upstairs apartment, and community and ensuite restrooms. Schedule your tour today!
Features of 4951 Fm 1283
| MLS® # | 1972994 |
|---|---|
| Price | $650,000 |
| Number Of Units | 13 |
| Square Footage | 20,000 |
| Acres | 1.05 |
| Year Built | 1997 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | Two Story |
| Status | Active |
Community Information
| Address | 4951 Fm 1283 |
|---|---|
| Subdivision | MEDINA LAKE ESTATES |
| City | Pipe Creek |
| County | Bandera |
| State | TX |
| Zip Code | 78063 |
Multi-Unit Information
| Gross Annual Income | $88,020 |
|---|---|
| Net Operating Income | $56,361 |
| Annual Operating Expense | $31,659 |
| Operating Expense Includes | Taxes, Insurance, Maintenance, Equipment, Other |
Unit 1 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 45 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $4,371 |
| Occupied | YES |
| Includes | Other |
Unit 2 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Half) | 1 |
| Parking Spaces | 20 |
| Parking Type | Pad |
| Handicap Access | YES |
| Rent | $2,964 |
| Occupied | YES |
| Includes | Refrigerator, Other |
Unit 3 Information
| Parking Spaces | 10 |
|---|---|
| Parking Type | Pad |
| Handicap Access | YES |
| Occupied | YES |
| Includes | Other |
Unit 4 Information
| Bathrooms (Half) | 1 |
|---|---|
| Parking Spaces | 5 |
| Parking Type | Pad, Street |
| Handicap Access | NO |
| Rent | $750 |
| Occupied | NO |
| Includes | Other |
Unit 5 Information
| Bathrooms (Half) | 1 |
|---|---|
| Parking Spaces | 10 |
| Parking Type | Pad |
| Handicap Access | YES |
| Rent | $650 |
| Occupied | NO |
| Includes | Other |
Unit 6 Information
| Bathrooms (Half) | 1 |
|---|---|
| Parking Spaces | 10 |
| Parking Type | Pad |
| Handicap Access | YES |
| Rent | $650 |
| Occupied | NO |
| Includes | Other |
Unit 7 Information
| Parking Type | Attached, Carport, Pad |
|---|---|
| Includes | Other |
Unit 8 Information
| Bathrooms (Half) | 1 |
|---|---|
| Parking Spaces | 10 |
| Parking Type | Pad |
| Handicap Access | YES |
| Rent | $850 |
| Occupied | NO |
| Includes | Other |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Window Unit |
|---|---|
| Cooling | Window/Wall |
| Has Basement | No |
Exterior
| Exterior | Wood, Metal Structure |
|---|---|
| Exterior Features | Patio Slab, Covered Patio, Detached Quarters, Controlled Access, Level |
| Roof | Metal |
| Foundation | Slab |
School Information
| District | Bandera Isd |
|---|---|
| Elementary | Hill Country |
| Middle | Bandera |
| High | Bandera |
Additional Information
| Date Listed | June 5th, 2026 |
|---|---|
| Days on Market | 97 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 8.67 |
| Gross Rent Multiplier | 7.38 |
| Estimated Taxes | $8,373 |
Listing Details
| Agent | Thomas Martinez |
|---|---|
| Office | Leverage Realty Consulting Group |
| Contact Info | (210) 878-6683 |