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    For Sale (25)

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    Residential Lot in Gated Community
    $35,000
    0.36 Acres

    Residential Lot in Gated Community

    0.36-acre residential lot in Holiday Villages of Medina, Texas.

    Prairie 1501, Bandera, TX 78003
    View details
    Kerrville Commercial Property on Junction
    $625,000
    864 SF

    Kerrville Commercial Property on Junction

    Versatile 864 SF commercial building on 0.23-acre lot.

    518 Junction Hwy, Kerrville, TX 78028
    View details
    Boerne Lot Near Hill Country
    $245,000
    0.32 Acres

    Boerne Lot Near Hill Country

    Residential lot near downtown Boerne and walking trail.

    Chaparral Creek Dr, Boerne, TX 78006
    View details
    Residential Land in Comfort, TX
    $200,000
    0.49 Acres

    Residential Land in Comfort, TX

    Residential land available in Comfort, Texas.

    High St, Comfort, TX 78013
    View details
    Residential Lot in Sendero Ridge
    $80,000
    0.24 Acres

    Residential Lot in Sendero Ridge

    0.24-acre lot in Kerrville, build your dream home!

    704 N Sendero Rdg, Kerrville, TX 78028
    View details
    Residential Lot in Comanche Trace
    $100,000
    0.28 Acres

    Residential Lot in Comanche Trace

    0.28-acre lot in golfing community, build your dream home.

    2848 E Rock Barn Dr, Kerrville, TX 78028
    View details
    Mountain Home Acreage with Highway Access
    $110,000
    12.00 Acres

    Mountain Home Acreage with Highway Access

    12-acre tract in Mountain Home, ideal for residence or retreat.

    117 Hoffman Rd, Mountain Home, TX 78058
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    Doss, TX Untamed Land
    $210,000
    10.10 Acres

    Doss, TX Untamed Land

    10.10 acres of Texas beauty near Doss.

    Jack Rabbit Rd, Doss, TX 78631
    View details
    Residential Land in Harper, TX
    $117,000
    4.30 Acres

    Residential Land in Harper, TX

    4.3 acre residential lot in gated Harper community.

    97 Nott Br Rd, Harper, TX 78631
    View details
    Kerrville Commercial Property For Sale
    $625,000
    864 SF

    Kerrville Commercial Property For Sale

    Versatile commercial building in a high-visibility location.

    518 N Junction Hwy, Kerrville, TX 78028
    View details
    Texas Hill Country Land
    $240,000
    5.12 Acres

    Texas Hill Country Land

    5.12 acres in Camp Verde Valley, gated community.

    Seep Spg Dr, Camp Verde, TX 78010
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    Residential Land in Gated Community
    $174,900
    3.05 Acres

    Residential Land in Gated Community

    3.05-acre lot in Kerrville, ready for building.

    1700 N Cattlemans Crossing Dr, Kerrville, TX 78028
    View details
    Kerrville Land in Opportunity Zone
    Contact for pricing
    6.65 Acres

    Kerrville Land in Opportunity Zone

    6.65 acres in Kerrville's Special Opportunity Zone.

    899 Harper Rd, Kerrville, TX 78028
    View details
    Unrestricted Land in Medina, Texas
    $230,000
    3.35 Acres

    Unrestricted Land in Medina, Texas

    3.354 acres of unrestricted land with utilities near Medina.

    1619 Stringtown Rd, Medina, TX 78055
    View details
    Residential Lot with Hill Country Views
    $164,900
    0.53 Acres

    Residential Lot with Hill Country Views

    Single-family lot in master-planned community with amenities and views.

    1018 Comanche Hl Dr, Kerrville, TX 78028
    View details
    Residential Lot in Gated Community
    $144,500
    2.94 Acres

    Residential Lot in Gated Community

    2.94-acre corner lot with community amenities in Ingram, Texas.

    105 Lakebridge Trl W, Ingram, TX 78025
    View details
    Kerrville Land Ready to Build
    $175,000
    3.00 Acres

    Kerrville Land Ready to Build

    3-acre homesite in gated community with utilities in place.

    902 Saddlewood Blvd, Kerrville, TX 78028
    View details
    Kerrville Land for Hillside Home
    $120,000
    1.86 Acres

    Kerrville Land for Hillside Home

    1.86 acres of land with IH-10 access and city utilities.

    Stoneledge Dr, Kerrville, TX 78028
    View details
    Kerrville Wooded Land with Creek
    $245,000
    6.96 Acres

    Kerrville Wooded Land with Creek

    6.69 acres of wooded land with seasonal creek.

    135 Marshall Dr, Kerrville, TX 78028
    View details
    Texas Land with Creek Access
    $210,000
    10.10 Acres

    Texas Land with Creek Access

    10.1 acres of unrestricted land with wet-weather creek.

    4 -- Jack Rabbit Rd, Doss, TX 78631
    View details
    Mountain Home Subdivision Land Tract
    $239,000
    10.00 Acres

    Mountain Home Subdivision Land Tract

    Residential land for sale in Mountain Home, Texas.

    Lot 42 -- Brooklyn Dr, Mountain Home, TX 78058
    View details
    Residential Land in Mountain Home
    $239,000
    10.00 Acres

    Residential Land in Mountain Home

    10-acre residential lot in Hideout Ranch, AG EXEMPT.

    Brooklyn Dr, Mountain Home, TX 78058
    View details
    Residential Lot in Comanche Trace
    $99,500
    0.26 Acres

    Residential Lot in Comanche Trace

    0.26 acre lot in Kerrville's Comanche Trace neighborhood.

    3144 Pinnacle Club Dr, Kerrville, TX 78028
    View details
    Prime Kerrville Commercial Land
    $695,000
    1.08 Acres

    Prime Kerrville Commercial Land

    1.08 acre commercial lot with highway frontage in Kerrville.

    1704 Broadway, Kerrville, TX 78028
    View details
    Residential Lot in Comanche Trace
    $99,500
    11,326 SF

    Residential Lot in Comanche Trace

    Residential lot available in Comanche Trace subdivision.

    3144 Pinnacle Club Dr, Kerrville, TX 78028
    View details

    For Lease (3)

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    Versatile Commercial Space in Kerrville
    $4,900 / Mo
    5,200 SF

    Versatile Commercial Space in Kerrville

    5,200 sq ft commercial space with office and warehouse.

    87 N Coronado Dr, Kerrville, TX 78028
    View details
    Downtown Kerrville Office Space Available
    $950 / Mo
    6,000 SF

    Downtown Kerrville Office Space Available

    Move-in ready office space in the heart of Kerrville.

    228 Washington St, Kerrville, TX 78028
    View details
    Downtown Kerrville Office Space Available
    $875 / Mo
    6,000 SF

    Downtown Kerrville Office Space Available

    All-inclusive office space in the heart of downtown Kerrville.

    228 Washington St, Kerrville, TX 78028
    View details

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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
    Legacy Partners
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