12064 Park Road 37, Lakehills, TX, 78063
About This Home
Priced to sell! Take advantage of this multi-unit property with opportunities for upside and value-add! Located in the high-growth corridor northwest of San Antonio on Park Road 37, this unrestricted property offers a 33% pro-forma cap rate solely from projected rental income. Day one provides you with flexible options to immediately lease a minimum of six spaces (two buildings, two full hookup RV spaces, two camping/storage spaces), with space to add several more units across its seven lots. The property's buildings offer mixed-use potential ideal for retail, office, short-term rental, studio, storage, and/or QSR. The interior of one of the buildings includes a 1950s Spartan Mansion that is seamlessly integrated, creating a distinctive setting. Significant updates to the buildings and grounds have been implemented, including utilities, aesthetics, and site updates making this a turnkey opportunity for long-term leases or short-term rentals. Water, sewer, and electricity are throughout the property. With easy access to the new H-E-B grocer at Hwy 211/Culebra Rd, Alamo Ranch, Helotes, Bandera, and Medina Lake, plus ample parking and natural shade from mature oaks and cedars, this versatile property is full of potential. Seller Finance Option Terms (firm): $60K down payment, 2-Year Seller Carry, 12% Interest. Schedule your tour today!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1955
Materials
- Foundation: Slab,Other
- Roof: Metal
- Construction materials: Brick,Wood Siding,Metal Structure
Other
- Builder name: Varies
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Window features: Solar Screens,Window Coverings
- Flooring: Carpet,Painted/Stained
Heating & Cooling
- Heating features: 3+ Units,Electric
- Cooling features: 3+ Window/Wall,Other
Interior Area
- Total interior livable area: 15,500 sqft
Property
Details
- Parcel number: 10300080640110
Features
- Levels: One
- Patio & porch: Patio,Covered
- Waterbody name: Lake Medina
- Residential vegetation: Mature Trees,Partially Wooded,Mature Trees (ext feat)
Lot
- Lot size: 0.35 Acres
Parking
- Total spaces: 22
- Parking features: Carport,Parking Pad,Pad,Attached
- Has garage: Yes
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Inland Flooding
- Winter Weather
- Hail
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $707 | $8,484 |
| Home Insurance * | $103 | $1,236 |
| Property Taxes | $149 | $1,788 |
| Electricity | $1,701 | $20,423 |
| Total | $2,660 | $31,920 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-06 | Price change | $139,900 |
| 2026-03-18 | Price change | $149,900 |
| 2026-01-08 | Price change | $169,900 |
| 2025-07-12 | Price change | $189,900 |
| 2025-06-12 | Listed for sale | $199,900 |
| 2023-05-26 | Listing removed | -- |
| 2023-03-04 | Listed for sale | $119,900 |
| 2021-01-08 | Listing removed | -- |
| 2021-01-04 | Pending sale | $69,500 |
| 2020-11-30 | Listed for sale | $69,500 |
| 2020-04-16 | Sold | -- |
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