park village - reoc austin - austin commercial...

512 346 51809015 Mountain Ridge Dr., Suite 100

Austin, TX 78759reocaustin.com

Park Village - Bulverde metro

All information (Information) provided or depicted on this map and or aerial photograph has been obtained from third party sources deemed reliable. However, neither REOC Austin nor any of its brokers, agents, employees, officers, directors or affiliated companies (collectively, REOC Austin and Related Parties) have made an independ-ent investigation of the Information or the Information sources, and no warranty or or representation is made by REOC Austin and Related Parties as to the accuracy os such Information. The Information is submitted subject to the possible errors or omissions, and no person or organization should rely on the Information, unless such person or organization has conducted and independent investigation to confirm the accuracy thereof.

512 346 5180www.reocaustin.com

PARK VILLAGE - BULVERDE644 Lot Subdivision w/ Approved WCID, N. of San Antonio, TX LAND FOR SALE

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PARK VILLAGEBulverde, Texas

REGIONALAERIAL

MAP

9015 Mountain Ridge Dr., Suite 100Austin, TX 78759

reocaustin.com

512 346 5180All information (Information) provided or depicted on this map and or aerial photograph has been obtained from third party sources deemed reliable however, neither REOC Austin nor any of its brokers, agents, employees, officers, directors or affiliated companies (collectively, REOC Austin and Related Parties) have made an independent investigation of the Information or the Information sources, and no warranty or representation is made by REOC Austin and Related Parties as to the accuracy such Information. The Information is submitted subject to possible errors or omissions, and no person or organization should rely on the Information, unless such person or organization has conducted an independent investigation to confirm the accuracy thereof.

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0 21 Miles

Singing Hills

4S Ranch

SUBJECT

#* Regional Mall# Power Center®v Hospitals") Retail Sites

DevelopmentsGolf CourseParkAirportTheme ParkMajor River

County Line

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SUBJECTLot LinesStreet

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BULVERDE , TEXASWWW.NA IREOCAUST IN .COM

All information (Information) provided or depicted on this map and or aerial photograph has been obtained from third party sources deemed reliablehowever, neither NAI REOC Austin nor any of its brokers, agents, employees, officers, directors or affiliated companies (collectively, NAI REOC Austinand Related Parties) have made an independent investigation of the Information or the Information sources, and no warranty or representation ismade by NAI REOC Austin and Related Parties as to the accuracy such Information. The Information is submitted subject to possible errors oromissions, and no person or organization should rely on the Information, unless such person or organization has conducted an independentinvestigation to confirm the accuracy thereof.

Park Village - Bulverde FEMA close aerial



Kurt [email protected]

Joyce Jane [email protected]



For Sale: PARK VILLAGE - BULVERDE644 Lot Subdivision w/ Approved WCID, N. of San Antonio, TX

SUMMARY

All information furnished regarding this property is from sources deemed reliable; however, REOC Austin has not made an independent investigation of these sources and no warranty or representation is made by REOC Austin as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal from market without notice. REOC Austin further has not made and shall not make any warranty or representations as to the condition of the property nor the presence of any hazardous substances or any environmental or other conditions that may affect the value or suitability of the property.

PROPERTY:

LOCATION:

ENTITLEMENTS:

WCID:

UTILITIES:

SCHOOLS:

277± acres of entitled Texas Hill Country land in a rapidly growing area just north of San Antonio. Property is gently rolling terrain with attractive tree cover and is the only project in this area that is entitled for production builders and has a reimbursement agreement in place.

Property is located in the Bulverde ETJ, approximately six miles west of US Highway 281 on Highway 46 (HEB and Home Depot anchored retail center) and 13 miles north of Loop 1604 and Blanco Road in north San Antonio. The property is also 16 miles east of IH-10 and approximately 30 minutes north of Six Flags Fiesta Texas and the University of Texas at San Antonio. In addition, Medtronic Inc. is adding 1,300 jobs in their location on Loop 1604 at I-10, just 30 minutes south of Park Village.

A Master Plan for 644 single family lots has been approved by the City of Bulverde. This 2.34 lots-per-acre density is rare in this area, where traditionally only one acre, septic-served lots have been available. (See attached Master Plan)

The approved Water Control Improvement District will allow for estimated reimbursements of approximately $20 million for infrastructure improvements, including streets, drainage and sewer. Reimbursement is obtained through the sale of municipal bonds by the WCID based on ad valorem value at specific build-out thresholds. (Call for full information about the WCID.)

Water – Agreement is in place for Canyon Lake Water Supply Company to provide water. The existing GBRA Western Canyon Line is approximately 2,300 feet south of Park Village and has been connected to the Property.

Wastewater – Agreements are in place with Guadalupe Blanco River Authority to operate the wastewater treatment facility. A TPDES permit from TCEQ has been approved and obtained, and the wastewater treatment facilities have been designed. All the dry and wet utilities are in place for Phase I (128 lots).

Comal Independent School District approved in 2005 a $189 million bond package to build six new schools, including five elementary schools. It is the 4th fastest growing school district of its size in the state. Existing and planned public schools within 10 minutes of Park Village include Bill Brown Elementary, Arlen Seay Intermediary, Spring Branch Middle School, and Smithson Valley High School. Smithson Valley is a 5A school, with 2,500 students on campus.




For More Information Contact:

Joyce Jane WeedmanSenior Vice President

[email protected] | 512 682 1021

Kurt VanderMeulenSenior Vice President

[email protected] | 512 682 1025

SUMMARY


SAN ANTONIO OVERVIEW:

BULVERDE:

SELLER MOTIVATION:

PRICE / TERMS:

San Antonio is the second largest city in Texas, with a population estimated at over 1.3 million people as of December 2012 (U.S. Census Bureau). This represents a population growth of 4.2% from 2010 – 2012. Primary employers include the research and medical industry, featuring a burgeoning biotech component, six military bases, higher education, and the convention/tourism industry. San Antonio is the most visited city in Texas. There are five Fortune 500 companies headquartered in San Antonio.

The country atmosphere of the area has been retained in this “new town,” which became known as the City of Bulverde in 1999. Five separate incorporated cities came together in response to the rapid growth of the City of San Antonio and created a new city, with a plan to preserve the attractive Hill Country landscape while still remaining close to jobs and retail amenities. Much of Bulverde has development barriers, such as the 100-year floodplain created by Cibolo Creek and its contributing streams. The Hill Country terrain and entitlement requirements make much of Bulverde very difficult to develop with considerable barriers to entry. These development hurdles result in the preservation of significant green space attractive to prospective residents. Park Village has no floodplain, is relatively flat land, and has been granted entitlements for 644 single family lots.

Owner intends to sell or will joint venture the entire entitled project to or with a land developer or investor. Selling entity is Two Seventy Seven, Ltd. Phase I (128 lots) will be completed in 2015 and is under contract to Ryland Homes and Scott Felder Homes.

Please contact broker for pricing.

main 512 346 5180 | fax 512 346 9742

www.reocaustin.com

Bulverde - Park Village 09.16.16




All information (Information) provided or depicted on this map and or aerial photograph has been obtained from third party sources deemed reliable. However, neither REOC Austin nor any of its brokers, agents, employees, officers, directors or affiliated companies (collectively, REOC Austin and Related Parties) have made an independent investigation of the Information or the Information sources, and no warranty or representation is made by REOC Austin and Related Parties as to the accuracy os such Information. The Information is submitted subject to the possible errors or omissions, and no person or organization should rely on the Information, unless such person or organization has conducted and independent investigation to confirm the accuracy thereof.

Submarket ProfileBulverde

REOC Austin I 9015 Mountain Ridge Drive I Austin TX 78757 I 512 346 5180 I www.reocaustin.com

MAJOR EMPLOYER # EMPLOYEES MAJOR EMPLOYER # EMPLOYEES

Comal ISD 1,071 The Home Depot 101GVTC Communications 250 Central Texas Lath & Plaster 100HEB Grocery 160 River Crossing Club 51CollegePlus 144 Bracken Christian School 50Parrish & Co, Inc. 116 HL Chapman Pipeline Construction 50

• Situated 20 minutes due north of San Antonio, Bulverde is an affluent bed-room community located at the major commercial crossroads of US Hwy 281 & Hwy 46 at the edge of the Texas Hill Country

• Over the past decade, urban sprawl has pushed steadily northward from San Antonio along the US 281 corridor developing once rural ranch land into well-planned residential communities

• Total population for a five-mile radius around the city grew 102.2% throughout the decade of 1990-2000. During that same period, the total number of households increased by 99.4%

• Population is deceptively strong; even though figures are relatively low for the narrowly defined boundaries of the city limits, the trade area actually draws from a much broader market area

• Following the residential growth of the area, new commercial development will soon bring new retailers and services along with quick-service and full-service restaurants to the underserved area

• Singing Hills, a 250-acre mixed use project, has completed a municipal-quality wastewater treatment plant which will support commercial growth including 200,000 square feet of inline retail space, 30 pad sites, a skilled-nursing facility, 300+/- multi-family units, 350 single-family homes and a Walmart Supercenter (180,000 sf) which is now open

• City sales tax rebates have shown a steady upward trend over the past several years

• Property values are high and residents enjoy a median household income substantially greater than nearby cities

• New residential subdivisions like Johnson Ranch, Singing Hills, Park Vil-lage, 4S Ranch and others are slated to bring new homes to this highly desireable area spurring further economic development

Singing Hills - a 250-acre mixed use development cur-rently under construction at the northwest corner of US Hwy 281 & Hwy 46

HIGHLIGHTS

Kestrel Airpark features a 3,000 ft. runway

BULVERDEPROFILE




BULVERDE AREA

HEADLINES


Texas Department of Transportation Transportation Commission Votes to Move Forward with US 281 without Tolls-9.24.15 The Texas Transportation Commission today unanimously voted to remove the toll designation from the US 281 widening project in San Antonio. With the toll designation removed, the widening project will occur in two phases:

Phase I (Loop 1604 to North of Stone Oak Pkwy) adds two new controlled access lanes and an HOV lane in each direction

Phase II (North of Stone Oak Pkwy to the Bexar County Line) adds two new controlled access lanes and an HOV lane in each direction

The project would complete the interchange at US 281 and Loop 1604, and expand US 281 to an expressway. TxDOT Update on SH 46 From Bulverde Road to FM 3159-9.30.15 The Texas Department of Transportation (TxDOT) in cooperation with the City of Bulverde and Comal County is beginning a study for improvements to SH 46 from Bulverde Road to FM 3159 (Smithson Valley Road). The project is being developed to address safety and mobility concerns in this rapidly growing area of Bulverde.

Comal County

Refinancing to Save Comal County Taxpayers $2.3 million-9.23.15 As part of a move to refinance debt issued to build a flood-control dam on Dry Comal Creek, Moody’s gave Comal County a strong Aa2 rating, citing the county’s “sizeable tax base, continued near-term residential growth and healthy financial position.” By refinancing $12 million in outstanding debt from the dam construction and lowering the interest rate from 4% to 2.5%, the county will save about $2.3 million, said County Auditor David Renken. County Tax Rate to Stay Same for Third Straight Year-9.3.15 The Comal County Commissioners Court on Thursday approved a 34.29 cent tax rate to fund the 2016 county budget, the third consecutive year the court has maintained the rate. The tax rate, which is assessed per $100 of property value before accounting for various exemptions, is equal to about $700 per year on a $200,000 home. It will fund a $77 million budget, which the Commissioners Court approved in August.

Comal ISD Comal ISD Earns 45 Distinction Designations; Shines in 2015 TEA Accountability Ratings-8.11.15 Comal ISD proved on August 6 what its students and parents already knew – the school district is an excellent learning environment. The Texas Education Agency (TEA) released its “2015 Accountability Ratings” and all 28 of Comal ISD’s campuses were rated ‘Met Standard” by the Texas Education Agency. Met Standard is the TEA’s highest rating for a campus. In addition, 15 Comal ISD campuses earned at least one Distinction, with Church Hill Middle School and Memorial Early College High School with St. Phillips College earning all seven Distinctions, a feat only achieved by 153 schools statewide.





REGION MAP

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PARK VILLAGEBulverde, Texas

REGIONALAERIAL

MAP

9015 Mountain Ridge Dr., Suite 100Austin, TX 78759

reocaustin.com

512 346 5180All information (Information) provided or depicted on this map and or aerial photograph has been obtained from third party sources deemed reliable however, neither REOC Austin nor any of its brokers, agents, employees, officers, directors or affiliated companies (collectively, REOC Austin and Related Parties) have made an independent investigation of the Information or the Information sources, and no warranty or representation is made by REOC Austin and Related Parties as to the accuracy such Information. The Information is submitted subject to possible errors or omissions, and no person or organization should rely on the Information, unless such person or organization has conducted an independent investigation to confirm the accuracy thereof.

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0 21 Miles

Singing Hills

4S Ranch

SUBJECT

#* Regional Mall# Power Center®v Hospitals") Retail Sites

DevelopmentsGolf CourseParkAirportTheme ParkMajor River

County Line





AERIAL MAP

State Highway 46

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All information (Information) provided or depicted on this map and or aerial photograph has been obtained from third party sources deemed reliable, however, neither NAI Austin nor any of its brokers, agents, employees, officers, directors or affiliated companies (collectively, NAI Austin and Related

Parties) have made an independent investigation of the Information or the Information sources, and no warranty or representation is made by NAI Austinand Related Parties as to the accuracy such Information. The Information is submitted subject to possible errors or omissions, and no person or organi-zation should rely on the Information, unless such person or organization has conducted an independent investigation to confirm the accuracy thereof.

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BULVERDE , TEXASWWW.NA IREOCAUST IN .COM

All information (Information) provided or depicted on this map and or aerial photograph has been obtained from third party sources deemed reliablehowever, neither NAI REOC Austin nor any of its brokers, agents, employees, officers, directors or affiliated companies (collectively, NAI REOC Austinand Related Parties) have made an independent investigation of the Information or the Information sources, and no warranty or representation ismade by NAI REOC Austin and Related Parties as to the accuracy such Information. The Information is submitted subject to possible errors oromissions, and no person or organization should rely on the Information, unless such person or organization has conducted an independentinvestigation to confirm the accuracy thereof.

Park Village - Bulverde FEMA close aerial



FEMA MAP





PROPOSED ENTRY

SIGNAGE





PLANNINGSUMMARY





DEMOGRAPHICSDemographic and Income Profile SnapshotPark Village

3, 5, 10 mile rings

Ring: 3 Mile Radius

Summary 2010 2015 2020

Population 1,826 2,100 2,348

Trends: 2015-2020 Annual Rate Area State National

Population 2.26% 1.52% 0.75%

Households by Income 2015 2020

Median Household Income $100,576 $114,343Average Household Income $125,441 $144,176

Race and Ethnicity 2010 2015 2020

White Alone 93.9% 92.5% 91.2%Black Alone 0.5% 0.9% 1.3%Some Other Race Alone 2.8% 3.3% 3.7%Hispanic Origin (Any Race) 15.5% 18.0% 20.7%

Ring: 5 Mile Radius

Summary 2010 2015 2020

Population 6,160 6,873 7,631


Population 2.11% 1.52% 0.75%





Ring: 10 Mile Radius

Summary 2010 2015 2020

Population 54,729 65,383 76,489


Population 3.19% 1.52% 0.75%





Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2015 and 2020.

©2015 ESRI www.esri.com/ba October 12, 2015Made with ESRI Business Analyst

11-2-2015

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material informaƟon about the property or transacƟon received by the broker; • Answer the client’s quesƟons and present any offer to or counter-offer from the client; and • Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly; • May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon. • Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

ᴑ that the owner will accept a price less than the wriƩen asking price; ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; and ᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

REOC Austin Partners, LLC 602072 [email protected] (512) 346-5180

Jerry Wayne Heare 296974 [email protected] (512) 346-5180

Jerry Wayne Heare 296974 [email protected] (512) 346-5180

Kurt Austin VanderMeulen/Joyce Jane Weedman 167299/344543 [email protected]/[email protected] (512) 346-5180

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