OAD HEIMER LANGE ROAD LAND 51.218 ACRES NWC US 281 & HEIMER LANGE ROAD BULVERDE, TX ENT NT NT ASHER REILLY ZCE-LANTANA RIDGE 363 LOTS SUBJECT RIVER CROSSING/FAIRWAYS 972 LOTS SINGING HILLS 340 LOTS 17,506 CPD 24,08 7 CPD ZCE-WINDMILL RANCH 158 LOTS 19,611 CPD 32,3 23 C P D BAR FORK BAR COMAL TRACE 268 LOTS 63 18
TABLE OF CONTENTS SECTION I.......................... EXECUTIVE SUMMARY SECTION II......................... MAPS SECTION III........................ AERIALS SECTION IV........................ DEMOGRAPHICS SECTION V........................ AGENCY DISCLOSURE The information contained was obtained from sources believed reliable, however, REATA Real Estate Services, LP, makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this project is submitted subject to the errors, omissions and change of price or conditions prior to lease or withdrawal. REATA REAL ESTATE SERVICES, LP
EXECUTIVE SUMMARY PROPERTY HIGHLIGHTS Prime development tract located along US 281 at Heimer Lange Road in Bulverde, TX. The property enjoys a median cut which provides access to the site for both northbound and southbound traffic. This location is surrounded by new residential development and within easy reach of several retail projects at the intersection of US 281 and Highway. These include Singing Hills, a 250-acre mixed-use development anchored by a new 180,000 SF Walmart Supercenter. Other powerful area retailers include H-E-B Plus, Home Depot and Anytime Fitness. This is a rare opportunity to own or develop property along a portion of the US 281 corridor which has experienced explosive residential and commercial growth in one of San Antonio s most affluent bedroom communities. LOCATION SIZE PRICING NWC US 281 & Heimer Lange Road Bulverde, TX 51.218 Acres (approximate) $2.50 PSF ZONING R-3 and C-3 TRAFFIC COUNTS US 281 24,087 CPD DEMOGRAPHIC SNAPSHOT 1 Mile 3 Miles 5 Miles 2017 Estimated Population 7,564 13,497 22,173 2017 Estimated Households 2,641 4,742 7,903 Annual Growth 2000 2017 8.4% 5.5% 4.5% Average Household Income $144,321 $130,859 $121,521 CONTACT ASHER REILLY PARTNER 210.841.3213 areilly@reatares.com SECTION I
MAPS HEIMER LANGE ROAD 51.218 ACRES HEIMER LANGE ROAD 51.218 ACRES SECTION II
19,611 CPD 1863 AERIAL RESIDENTIAL 475 HEIMER LANGE ROAD BULVERDE, TX SUBJECT PROPERTY RESIDENTIAL DEVELOPMENT ACTIVE DEVELOPMENT DEVELOPMENT ZCE-LANTANA RIDGE 363 LOTS SUBJECT RIVER CROSSING/FAIRWAYS 972 LOTS ZCE-WINDMILL RANCH 158 LOTS SINGING HILLS 340 LOTS BAR FORK BAR 24,087 CPD 17,506 CPD 32,323 CPD COMAL TRACE 268 LOTS 1863 MCCARTY RANCH 380 LOTS JOHNSON RANCH 1,055 LOTS DIAMANTE RANCH 342 LOTS FOUR S RANCH 1,800 LOTS ZCE-RIM ROCK RANCH 391 LOTS EDGEBROOK 282 LOTS KINDER RANCH 1,413 LOTS KR/PROSPECT CREEK ESTATES 121 LOTS CIBOLO VALLEY RANCH 961 LOTS BEXAR COUNTY COMAL COUNTY KR/PROSPECT CREEK 390 LOTS KR/SETTLER S RANCH 64 LOTS KR/HASTINGS 117 LOTS WILLIS RANCH TOTAL LOTS: 318 SILVERADO HILLS SPRINGS 115 LOTS SILVERADO HILLS RIDGE 285 LOTS HIGHLAND ESTATES 192 LOTS FRIESENHAHN TRACT 676 LOTS ROYAL OAK ESTATES 1,076 LOTS ROYAL OAK ESTATES 124 LOTS CANYON SPRINGS/BOULDERS 57 LOTS VISTA BELLA 142 LOTS RIDGE AT LOOKOUT CANYON LOTS: 294 CANYON SPRINGS/SUMMIT 71 LOTS BELTERRA 198 LOTS INDIAN SPRINGS/ HEIGHTS 282 LOTS INDIAN SPRINGS/ ESTATES 200 LOTS INDIAN SPRINGS/ PRESERVE 744 LOTS CANYON SPRINGS ESTATES/RESERVE/TRAILS 374 LOTS CANYON SPRINGS RIDGE 276 LOTS STONE OAK CHAMPIONS RIDGE 1 LOTS MOUTAIN LODGE & VISTAS 642 LOTS SUMMERGLEN 379 LOTS TUSCANY HEIGHTS 185 LOTS CORONADO DEVELOPMENT 245 LOTS VILLAGE AT STONE OAK CIBOLO CANYONS/ MONTEVERDE 225 LOTS CIBOLO CANYONS/ ESTANCIA CIBOLO CANYONS/ 223 LOTS CIELOS 65 LOTS CIBOLO CANYONS/PALACIOS 117 LOTS ZCE-FOSSIL RIDGE 1,765 LOTS SECTION III
19,611 CPD 32,323 CPD AERIAL RESIDENTIAL 475 HEIMER LANGE ROAD BULVERDE, TX 475 HEIMER LANGE RESIDENTIAL DEVELOPMENT ACTIVE DEVELOPMENT DEVELOPMENT ZCE-LANTANA RIDGE 363 LOTS SUBJECT SINGING HILLS 340 LOTS ZCE-WINDMILL RANCH 158 LOTS RIVER CROSSING/FAIRWAYS 972 LOTS COMAL TRACE 268 LOTS BAR FORK BAR 24,087 CPD 17,506 CPD SECTION III
AERIAL FLOOD PLAIN 475 HEIMER LANGE ROAD BULVERDE, TX 475 Heimer Lange Floodplain 1% Annual Chance SECTION III
DEMOGRAPHICS 475 Heimer Lange Rd Spring Branch, TX 78070-5911 3 mi radius 5 mi radius 7 mi radius POPULATION HOUSEHOLDS AGE MARITAL STATUS & GENDER INCOME 2017 Estimated Population 7,564 13,497 22,173 2022 Projected Population 9,251 16,559 27,319 2010 Census Population 6,889 12,456 19,677 2000 Census Population 3,107 6,996 12,537 Projected Annual Growth 2017 to 2022 4.5% 4.5% 4.6% Historical Annual Growth 2000 to 2017 8.4% 5.5% 4.5% 2017 Estimated Households 2,641 4,742 7,903 2022 Projected Households 3,006 5,415 9,069 2010 Census Households 2,421 4,411 7,073 2000 Census Households 1,077 2,448 4,392 Projected Annual Growth 2017 to 2022 2.8% 2.8% 3.0% Historical Annual Growth 2000 to 2017 8.5% 5.5% 4.7% 2017 Est. Population Under 10 Years 11.7% 11.6% 11.2% 2017 Est. Population 10 to 19 Years 15.9% 15.7% 15.3% 2017 Est. Population 20 to 29 Years 8.0% 8.3% 8.5% 2017 Est. Population 30 to 44 Years 17.0% 16.8% 16.4% 2017 Est. Population 45 to 59 Years 23.4% 23.3% 23.8% 2017 Est. Population 60 to 74 Years 19.8% 19.5% 19.7% 2017 Est. Population 75 Years or Over 4.1% 4.6% 5.0% 2017 Est. Median Age 42.2 42.3 42.9 2017 Est. Male Population 50.4% 50.3% 50.1% 2017 Est. Female Population 49.6% 49.7% 49.9% 2017 Est. Never Married 20.2% 21.9% 20.8% 2017 Est. Now Married 62.8% 62.8% 63.6% 2017 Est. Separated or Divorced 12.5% 10.8% 11.1% 2017 Est. Widowed 4.6% 4.5% 4.5% 2017 Est. HH Income $200,000 or More 17.7% 15.6% 14.9% 2017 Est. HH Income $150,000 to $199,999 17.5% 16.7% 14.6% 2017 Est. HH Income $100,000 to $149,999 21.4% 21.4% 21.1% 2017 Est. HH Income $75,000 to $99,999 12.8% 11.1% 10.9% 2017 Est. HH Income $50,000 to $74,999 10.5% 12.9% 13.6% 2017 Est. HH Income $35,000 to $49,999 7.0% 6.3% 6.9% 2017 Est. HH Income $25,000 to $34,999 5.7% 4.8% 5.5% 2017 Est. HH Income $15,000 to $24,999 2.3% 4.7% 4.9% 2017 Est. HH Income Under $15,000 5.1% 6.4% 7.6% 2017 Est. Average Household Income $144,321 $130,859 $121,521 2017 Est. Median Household Income $117,043 $110,485 $103,724 2017 Est. Per Capita Income $50,382 $45,983 $43,341 2017 Est. Total Businesses 365 618 858 2017 Est. Total Employees 2,630 4,475 5,929 SECTION IV
DEMOGRAPHICS 475 Heimer Lange Rd Spring Branch, TX 78070-5911 3 mi radius 5 mi radius 7 mi radius RACE HISPANIC EDUCATION (Adults 25 or Older) HOUSING HOMES BUILT BY YEAR HOME VALUES 2017 Est. White 91.4% 90.8% 91.1% 2017 Est. Black 1.6% 1.4% 1.1% 2017 Est. Asian or Pacific Islander 1.1% 0.8% 0.8% 2017 Est. American Indian or Alaska Native 0.4% 0.5% 0.5% 2017 Est. Other Races 5.5% 6.5% 6.5% 2017 Est. Hispanic Population 1,633 3,099 4,873 2017 Est. Hispanic Population 21.6% 23.0% 22.0% 2022 Proj. Hispanic Population 22.9% 24.2% 23.1% 2010 Hispanic Population 17.9% 19.7% 19.0% 2017 Est. Adult Population (25 Years or Over) 5,118 9,161 15,219 2017 Est. Elementary (Grade Level 0 to 8) 1.8% 3.7% 3.2% 2017 Est. Some High School (Grade Level 9 to 11) 1.0% 2.2% 3.5% 2017 Est. High School Graduate 24.8% 24.3% 27.4% 2017 Est. Some College 21.7% 22.4% 22.6% 2017 Est. Associate Degree Only 9.5% 9.5% 9.4% 2017 Est. Bachelor Degree Only 27.7% 26.2% 22.8% 2017 Est. Graduate Degree 13.4% 11.8% 11.2% 2017 Est. Total Housing Units 2,745 4,945 8,302 2017 Est. Owner-Occupied 89.2% 88.2% 87.2% 2017 Est. Renter-Occupied 7.0% 7.7% 8.0% 2017 Est. Vacant Housing 3.8% 4.1% 4.8% 2010 Homes Built 2005 or later 0.4% 0.4% 0.4% 2010 Homes Built 2000 to 2004 59.7% 52.3%.1% 2010 Homes Built 1990 to 1999 26.8% 27.3% 30.3% 2010 Homes Built 1980 to 1989 7.8% 11.4% 11.9% 2010 Homes Built 1970 to 1979 6.6% 9.1% 10.4% 2010 Homes Built 1960 to 1969 2.8% 2.9% 3.0% 2010 Homes Built 1950 to 1959 0.8% 0.8% 0.9% 2010 Homes Built Before 1949 1.6% 2.8% 2.8% 2010 Home Value $1,000,000 or More 0.7% 0.5% 0.3% 2010 Home Value $500,000 to $999,999 17.5% 14.8% 13.6% 2010 Home Value $400,000 to $499,999 29.8% 24.8% 21.6% 2010 Home Value $300,000 to $399,999 22.8% 23.2% 23.6% 2010 Home Value $200,000 to $299,999 17.5% 20.4% 19.7% 2010 Home Value $150,000 to $199,999 6.4% 9.7% 10.5% 2010 Home Value $100,000 to $149,999 6.2% 7.4% 8.9% 2010 Home Value $50,000 to $99,999 7.0% 5.9% 7.1% 2010 Home Value $25,000 to $49,999 2.8% 3.4% 3.7% 2010 Home Value Under $25,000 1.1% 1.7% 2.0% 2010 Median Home Value $354,352 $326,407 $305,821 2010 Median Rent $961 $945 $835 SECTION IV
DEMOGRAPHICS 475 Heimer Lange Rd Spring Branch, TX 78070-5911 3 mi radius 5 mi radius 7 mi radius LABOR FORCE OCCUPATION TRANSPORTATION TO WORK TRAVEL TIME CONSUMER EXPENDITURE 2017 Est. Labor Population Age 16 Years or Over 5,911 10,592 17,588 2017 Est. Civilian Employed 54.3% 54.1% 54.6% 2017 Est. Civilian Unemployed 2.0% 1.8% 1.7% 2017 Est. in Armed Forces 0.2% 0.2% 0.1% 2017 Est. not in Labor Force 43.6% 44.0% 43.6% 2017 Labor Force Males 49.8% 50.0% 49.9% 2017 Labor Force Females 50.2% 50.0% 50.1% 2010 Occupation: Population Age 16 Years or Over 3,284 5,969 9,513 2010 Mgmt, Business, & Financial Operations 23.1% 21.8% 21.1% 2010 Professional, Related 20.2% 18.6% 17.6% 2010 Service 18.3% 17.2% 16.9% 2010 Sales, Office 21.9% 24.7% 26.9% 2010 Farming, Fishing, Forestry - - - 2010 Construction, Extraction, Maintenance 13.1% 13.6% 12.7% 2010 Production, Transport, Material Moving 3.2% 4.1% 4.8% 2010 White Collar Workers 65.3% 65.1% 65.6% 2010 Blue Collar Workers 34.7% 34.9% 34.4% 2010 Drive to Work Alone 85.5% 84.6% 83.5% 2010 Drive to Work in Carpool 4.8% 4.4% 6.1% 2010 Travel to Work by Public Transportation - - - 2010 Drive to Work on Motorcycle 0.1% 0.2% 0.2% 2010 Walk or Bicycle to Work 0.4% 0.5% 0.8% 2010 Other Means 2.4% 1.8% 1.3% 2010 Work at Home 6.8% 8.5% 8.1% 2010 Travel to Work in 14 Minutes or Less 8.7% 9.9% 11.0% 2010 Travel to Work in 15 to 29 Minutes 19.4% 18.8% 19.3% 2010 Travel to Work in 30 to 59 Minutes 47.2%.5% 47.1% 2010 Travel to Work in 60 Minutes or More 17.8% 18.3% 17.6% 2010 Average Travel Time to Work 37.5 37.9 37.5 2017 Est. Total Household Expenditure $243 M $406 M $642 M 2017 Est. Apparel $8.61 M $14.4 M $22.7 M 2017 Est. Contributions, Gifts $20.1 M $33.1 M $51.5 M 2017 Est. Education, Reading $11.4 M $18.8 M $29.2 M 2017 Est. Entertainment $13.9 M $23.2 M $36.6 M 2017 Est. Food, Beverages, Tobacco $34.9 M $58.8 M $93.5 M 2017 Est. Furnishings, Equipment $8.84 M $14.7 M $23.1 M 2017 Est. Health Care, Insurance $19.8 M $33.4 M $53.1 M 2017 Est. Household Operations, Shelter, Utilities $74.8 M $126 M $199 M 2017 Est. Miscellaneous Expenses $3.35 M $5.65 M $8.99 M 2017 Est. Personal Care $3.10 M $5.20 M $8.22 M 2017 Est. Transportation $43.7 M $73.5 M $117 M SECTION IV
AGENCY DISCLOSURE INFORMATION ABOUT BROKERAGE SERVICES Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. TYPES OF REAL ESTATE LICENSE HOLDERS: A BROKER is responsible for all brokerage activities, 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 information about the property or transaction received by the broker; Answer the client s questions and present any offer to or counter-offer from the client; and Treat all parties to a real estate transaction 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 written listing to sell or property management agreement. An owner s agent must perform the broker s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information 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 written representation agreement. A buyer s agent must perform the broker s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller s agent. AS AGENT FOR BOTH INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker s obligations as an intermediary. A broker who acts as an intermediary: Must treat all parties to the transaction impartially and fairly; May, with the parties written 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 instructions of each party to the transaction. Must not, unless specifically authorized in writing to do so by the party, disclose: that the owner will accept a price less than the written asking price; that the buyer/tenant will pay a price greater than the price submitted in a written offer; and any confidential information or any other information that a party specifically instructs the broker in writing 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 transaction 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 duties and responsibilities to you, and your obligations under the representation 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 notice is being provided for information purposes. It does not create an obligation for you to use the broker s services. Please acknowledge receipt of this notice below and retain a copy for your records. Regulated by the Texas Real Estate Commission. Information available at www.trec.texas.gov IABS 1-0 02/16/16 REATA Real Estate Services, LP 9002891 ttyng@reatares.com 210.930.4111 Licensed Broker/Broker Firm Name or Primary Assumed Business Name License Number Email Phone Thomas C. Tyng, Jr. 0406718 ttyng@reatares.com 210.930.4111 Designated Broker of Firm License Number Email Phone Asher Reilly 523151 areilly@reatares.com 210.930.4111 Sales Agent License Number Email Phone Sales Agent License Number Email Phone Sales Agent License Number Email Phone Buyer/Tenant/Seller/Landlord Initials Date SECTION V