817 N Ih 35, San Marcos, TX 78666 – Commercial Improved Land

CommercialYear Built 1997Total Assessed Value $1,914,042County Hays

Property Details

The Commercial property 817 N Ih 35, San Marcos, TX 78666 is located in Hays County. The specific property type is Commercial Improved Land. The total assessed value of this property is $1,914,042.

The gross building area is 25,004 square feet and the land area is 37,461 square feet for this Commercial Improved Land built in 1997.

Legal description: Rio Vista Terrace Resubd Lot 59A Blk 1 0.86 Ac/37,461 Sq Ft & Business Personal Property

$1,914,042

Market Value

N/A

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

1 / 4

Property Information

Property TypeCommercial

Sub Property TypeCommercial Improved Land

Building Area25,004

Land Size37,461

Land Value$332,430

Improved Value$1,581,612

Total Assessed Value$1,914,042

Year Built1997

County NameHays

Account NumberR39118

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

PoolY

Roof CoverComposition shingle

Roof TypeGable

Type ConstructionOther

No of Stories1

Garage TypeNone 0

Total Rooms49

Number of Units50

Exterior WallsSiding alum or vinyl

Sales History

7/10/2021

Arms-length$204,200

Buyer

Navjivan Llc

Seller

M & K Inn Llc

Book Number

2021.56167

Recording Date

7/10/2021

Transaction Details

Navjivan Llc acquired the property from M & K Inn Llc through a Arms-length transaction on 7/10/2021 for $204,200.

7/15/2008

Arms-length$2,531,300

Buyer

M & K Inn Llc

Seller

Patel Arvind & Manjulaben

Book Number

80019351

Recording Date

7/15/2008

Transaction Details

M & K Inn Llc acquired the property from Patel Arvind & Manjulaben through a Arms-length transaction on 7/15/2008 for $2,531,300.

Property constructed in 1997

YSale Price (USD) byXSales Year

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Mortgage History

6/24/2022

Sale$11,470,000

Borrower

Ami Patel

Lender

Wallis Bank

Book Number

3355422

Recording Date

6/24/2022

Transaction Details

Ami Patel borrowed the property from Wallis Bank through a transaction on 6/24/2022 for $11,470,000.

10/7/2021

Helocs both purchase money and non purchase money helocs$163,350

Borrower

Navjivan Llc

Lender

Wallis State Bank

Book Number

2021.56168

Recording Date

10/7/2021

Transaction Details

Navjivan Llc borrowed the property from Wallis State Bank through a Helocs both purchase money and non purchase money helocs transaction on 10/7/2021 for $163,350.

7/15/2008

Helocs both purchase money and non purchase money helocs$2,025,000

Borrower

M & K Inn Llc

Lender

Rose Rock Bank

Book Number

2008-80019352

Recording Date

7/15/2008

Transaction Details

M & K Inn Llc borrowed the property from Rose Rock Bank through a Helocs both purchase money and non purchase money helocs transaction on 7/15/2008 for $2,025,000.

Property constructed in 1997

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$332,430	$1,581,612	$1,914,042	$1,914,042	Navjivan Llc	817 Ih 35 N, San Mar...	Rio Vista Terrace Re...	C-Sm-Hotel	S6855	37,461	25,004
2025	$332,430	$1,266,300	$1,598,730	$1,598,730	Navjivan Llc	817 Ih 35 N, San Mar...	Rio Vista Terrace Re...	C-SM-HOTEL	S6855	37,461	25,004
2024	$332,430	$1,799,710	$2,132,140	$2,132,140	Navjivan Llc	817 Ih 35 N, San Mar...	Rio Vista Terrace Re...	C-SM-HOTEL	S6855	37,461	25,004
2023	$332,430	$1,791,812	$2,124,242	$2,124,242	Navjivan Llc	817 Ih 35 N, San Mar...	Rio Vista Terrace Re...	C-SM-HOTEL	1	37,461	25,004
2022	$281,860	$1,184,446	$1,466,306	$1,466,306	Navjivan Llc	817 Ih 35 N, San Mar...	Rio Vista Terrace Re...	C-SM-HOTEL	S6855	37,462	25,004
2021	$281,860	$562,158	$844,018	$844,018	M & K Inn Llc	817 I-35 N, San Marc...	Rio Vista Terrace Re...	C-SM-HOTEL	S6855	37,462	22,604
2020	$281,860	$884,072	$1,165,932	$1,165,932	M & K Inn Llc	817 N Interstate 35,...	Rio Vista Terrace Re...	C-SM-HOTEL	S6855	37,462	25,004
2019	$281,860	$814,810	$1,096,670	$1,096,670	M & K Inn Llc	817 N Interstate 35,...	Rio Vista Terrace Re...	C-SM-HOTEL	S6855	37,462	25,004
2018	$234,890	$958,540	$1,193,430	$1,193,430	M & K Inn Llc	817 N Interstate 35,...	Rio Vista Terrace Re...	C-SM-HOTEL	S6855	37,461	25,004
2017	$234,890	$1,102,442	$1,337,332	$1,337,332	M & K Inn Llc	817 N Interstate 35,...	Rio Vista Terrace Re...	C-SM-HOTEL	1	37,461	25,004

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	817 N Ih 35, San Marcos, TX 78666	—	-	37,461	1997	25,004	$ 1,914,042	$ 332,430	-
Resflo Llc	161 Weldon Johnston Way, Kyle, TX 78640	09/26/2025	$ 700,000	49,658	0	-	$ 124,590	$ 124,590	-
Pioneer Finance Inc	5898 Camino Real, Kyle, TX 78640	09/10/2025	$ 7,300,000	256,830	2020	10,452	$ 2,720,100	$ 456,490	5898 Camino Real Business Llc
Mission Valley Bank	1081 Wonder World Dr, San Marcos, TX 78666	08/22/2025	$ 4,602,200	28,619	1997	2,938	$ 902,070	$ 464,030	Blc Hot Dogs Inc
Firstlockhart National Bank	120 W Hopkins St, San Marcos, TX 78666	07/22/2025	$ 257,200	7,351	2011	7,108	$ 705,270	$ 114,570
Guaranty Bank & Trust Na	4980 Transportation Way, San Marcos, TX 78666	06/05/2025	$ 1,645,826	140,525	2014	11,550	$ 1,500,000	$ 256,520	Autobus 2000 Llc
Rocket Mortgage Llc	118 E San Antonio St, San Marcos, TX 78666	05/27/2025	$ 430,411	3,006	0	1,080	$ 225,850	$ 126,200
Nfm Inc	Fm 150, Kyle, TX 78640	05/22/2025	$ 367,205	39,901	2022	1,640	$ 476,760	$ 244,220	-
Baron Creek Fund Ii Lp	712 E Hopkins St, San Marcos, TX 78666	05/15/2025	$ 475,000	18,250	1969	4,100	$ 662,280	$ 394,170
Blue Sky Bank	1012 Sh 123, San Marcos, TX 78666	05/07/2025	$ 18,250,000	30,535	2000	3,468	$ 1,080,000	$ 559,580	Qsr 2 Llc
Frost Bank	1702 Hunter Rd, San Marcos, TX 78666	02/20/2025	$ 100,000	16,553	2001	896	$ 199,020	$ 120,660

Mean$ 4,004,670

Median$ 1,423,510.0

Loan Amount Range$ 100,000 - $ 26,122,000

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License Details

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