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    For Sale (31)

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    Unrestricted Riverfront Land in Gillespie County
    $4,650,000
    3,544 SF

    Unrestricted Riverfront Land in Gillespie County

    39-acre unrestricted riverfront land with residence and guest house.

    249 -- Eureka Ln, Fredericksburg, TX 78624
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    Texas Hill Country Heritage Property
    $3,973,000
    137.99 Acres

    Texas Hill Country Heritage Property

    137 acre property with long-term investment potential.

    481 -- Living Water Rnch Rd, Harper, TX 78631
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    Texas Hill Country Ranch Land
    $5,195,000
    433.59 Acres

    Texas Hill Country Ranch Land

    433-acre ranch between Fredericksburg and Mason with highway frontage.

    20977 Us Highway 87, Mason, TX 76856
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    Comfort, TX Estate with Creek
    $4,050,000
    149.72 Acres

    Comfort, TX Estate with Creek

    149-acre estate with creek frontage and remodeled home.

    241 N Us Highway 87, Comfort, TX 78013
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    Hill Country Homesite with Amenities
    $445,000
    5.08 Acres

    Hill Country Homesite with Amenities

    5.08 acre homesite with private well and community amenities.

    1495 -- Walnut Spg Rd, Johnson City, TX 78636
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    Hill Country Retreat with Income Potential
    $1,499,999
    10.26 Acres

    Hill Country Retreat with Income Potential

    Remodeled home on 10+ acres with expansive views.

    117 Point Rd, Fredericksburg, TX 78624
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    Fredericksburg Acreage in Gated Subdivision
    $134,000
    5.19 Acres

    Fredericksburg Acreage in Gated Subdivision

    5.19 acres in a private, gated subdivision near Fredericksburg.

    Lot 7 -- Longview Dr, Fredericksburg, TX 78624
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    Harper, TX Land Opportunity
    $259,000
    5.10 Acres

    Harper, TX Land Opportunity

    5.10+/- acre lot in Maverick Subdivision with amenities.

    Stock Pond Dr, Harper, TX 78624
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    Harper, TX Land Opportunity
    $260,736
    9.31 Acres

    Harper, TX Land Opportunity

    9.312 acre lot with amenities near Harper, Kerrville, Fredericksburg.

    Stock Pond Dr, Harper, TX 78624
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    Doss, TX Hunting & Recreational Land
    $715,000
    56.00 Acres

    Doss, TX Hunting & Recreational Land

    56 acres in Doss, TX ideal for hunting and recreation.

    Ranch Road 648, Doss, TX 78618
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    Hill Country Land in Menard
    $120,000
    20.91 Acres

    Hill Country Land in Menard

    20.91 acres of serene Hill Country land in Menard County.

    1445 -- Cave Wl Rd, Fort Mckavett, TX 76841
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    Remodeled Commercial Property on Highway
    $375,000
    3,450 SF

    Remodeled Commercial Property on Highway

    Versatile commercial building in downtown Harper with excellent visibility.

    23654 Us Highway 290 W, Harper, TX 78631
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    Texas Hill Country Land Parcel
    $359,000
    10.09 Acres

    Texas Hill Country Land Parcel

    Scenic 10.09-acre lot in Kerrville's gated Loma Vista Ranch.

    20 -- Mayers Rdg Dr, Kerrville, TX 78028
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    Fredericksburg Land in Indian Hills
    $179,000
    3.97 Acres

    Fredericksburg Land in Indian Hills

    3.968+/- acre lot in Indian Hills community, Fredericksburg, TX.

    48 -- Badger Rdg Rd, Fredericksburg, TX 78624
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    Remodeled Commercial Property in Harper, TX
    $375,000
    0.24 Acres

    Remodeled Commercial Property in Harper, TX

    Remodeled commercial property on a corner lot in downtown Harper.

    23654 W Us Highway 290, Harper, TX 78631
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    Texas Hill Country Ranch Land
    $3,973,000
    137.99 Acres

    Texas Hill Country Ranch Land

    137 acre ranch with hilltop views and diverse topography.

    481 -- Living Water Rnch Rd, Harper, TX 78631
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    Gillespie County Ranch with Hill Country Views
    $4,100,000
    257.00 Acres

    Gillespie County Ranch with Hill Country Views

    257-acre ranch near Enchanted Rock with diverse improvements.

    527 -- Walter Rd, Fredericksburg, TX 78624
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    Picturesque Land in Maverick Subdivision
    $259,000
    5.10 Acres

    Picturesque Land in Maverick Subdivision

    5.10 acre lot with amenities near Harper, Kerrville, Fredericksburg.

    88 -- Stock Pond Dr, Harper, TX 78631
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    Hill Country Subdivision Lot
    $339,000
    6.21 Acres

    Hill Country Subdivision Lot

    6.21 acre corner lot in gated community.

    189 -- Fallen Acorn Dr, Blanco, TX 78606
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    Scenic Hill Country Acreage
    $450,000
    10.13 Acres

    Scenic Hill Country Acreage

    10.125 acres near Fredericksburg with creek and hardwoods.

    Rd 965, Fredericksburg, TX 78624
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    9.312 Acre Rural Subdivision Lot
    $260,736
    9.31 Acres

    9.312 Acre Rural Subdivision Lot

    Ready-to-build lot with amenities, close to Harper, Kerrville, Fredericksburg.

    94 -- Stock Pond Dr, Harper, TX 78631
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    Historic Cabin Near Main Street
    $2,095,000
    0.11 Acres

    Historic Cabin Near Main Street

    Unique short-term rental property with high income potential.

    104 E Austin St, Fredericksburg, TX 78624
    View details
    RV Unit in Arch Ray Resort
    $116,000
    0.09 Acres

    RV Unit in Arch Ray Resort

    Premium RV unit near Fredericksburg with resort-style amenities.

    4584 E Us Highway 290, Fredericksburg, TX 78624
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    73.3 Acres Ranch in Doss, TX
    $1,822,222
    73.30 Acres

    73.3 Acres Ranch in Doss, TX

    Ag-exempt ranch with historic home and modern living compound.

    1825 -- Onion Crk Rd, Doss, TX 78618
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    Texas Hill Country Recreational Ranch
    $2,443,500
    181.00 Acres

    Texas Hill Country Recreational Ranch

    181-acre ranch between Fredericksburg and Mason, Texas.

    20977 Us Highway 87, Mason, TX 76856
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    Texas Hill Country Land
    $359,000
    10.09 Acres

    Texas Hill Country Land

    10.09 acre lot in Kerrville, Texas, perfect for building.

    Mayers Rdg Dr, Kerrville, TX 78028
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    Fredericksburg 10-Acre Hill Country Tract
    $245,000
    10.12 Acres

    Fredericksburg 10-Acre Hill Country Tract

    10-acre tract in gated community near Fredericksburg, Texas.

    Lot 42 -- Reeh Rd, Fredericksburg, TX 78624
    View details
    Texas Ranch with Owner Financing
    $5,152,500
    1,145.00 Acres

    Texas Ranch with Owner Financing

    1145-acre Texas ranch with lake, wildlife, and owner financing.

    701 County Road 496, Goldsboro, TX 79519
    View details
    Historic Harper Office Building
    $249,900
    3,450 SF

    Historic Harper Office Building

    Prime location, endless potential, 3450 sq ft.

    23654 Hwy, Harper, TX 78631
    View details
    10 Acres in Gated Community
    $245,000

    10 Acres in Gated Community

    10-acre tract in gated community between Harper and Fredericksburg.

    42 Reeh Rd, Fredericksburg, TX 78631
    View details
    Land on Highway 290
    $116,000

    Land on Highway 290

    Land available east of Fredericksburg, near Arch Ray.

    4584 E Us Highway 290, Fredericksburg, TX 78624
    View details

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    Fredericksburg Realty, LLC
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Fredericksburg Realty, LLC
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