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Office Building with River Views
For Sale
$2,100,000

1001 Water St, Kerrville, TX 78028

Commercial Sale, Kerrville, TX

Property Size12,140 SF
Lot Size1.51 Acres
Price / SF$172.98
Days on Market43

Property Features for 1001 Water St

General Information

Property type Commercial Sale
Property subtype Office
Zoning PD
Parking 60
Exterior features Lighting
Accessibility Accessible Approach with Ramp
Subdivision River Guide Village
Lot features Open Lot
Elementary school Kerrville
Standard status Active
Size 12,140 SF
Lot size 1.51 Acres

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Central Air, Electric
Water source Public

Amenities

covered patio
executive conference room
break room
meeting room

Building Details

Year built 2003
Floors in Building 1
Number of units 1
Flooring type Vinyl, Carpet, Tile
Building materials Rock Veneer
Roof type Metal
Listing Agency: Sherman & Co
Listed By: Kelly Dooley & Ed Hamilton
Added: Aug 15 Changed: Sep 13 Last Checked: Sep 26 at 11:06AM
MLS# 125191

Copyright © 2026 Kerrville Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 2003, this 12,140-square-foot office property occupies 1.51 acres and features a rock veneer exterior, standing-seam metal roof, carpet, tile and vinyl flooring, plus central heating and cooling. The layout includes a senior executive office with private half bath, executive conference room, 9 perimeter offices, a central bullpen, separate men's and women's restrooms, break room, meeting room, and 4 additional offices in a separate wing. An unfinished 3,587-square-foot area has two exterior entrances and may offer future owner-use flexibility subject to agreement with the current tenant and landlord.

The property overlooks the Guadalupe River and includes a covered patio, accessible ramp entry, public water and sewer, and parking for 60+ vehicles with designated handicap spaces. The front lot is level with the building entrance, while the rear lot and riverfront sit at a lower elevation. The building is currently leased through 4/9/29 with annual rent increases and is zoned PD.

Key Highlights

  • 12,140‑square‑foot office building on 1.51 acres
  • Current lease runs through 4/9/29 with annual rent increases
  • Parking for 60+ vehicles, including handicap spaces

Property Analytics

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Current Use

Methodist Physicians South ... Physician Hill Country Ranches Consultant Gregory Altemose Physician Javier Roman-Gonzalez, MD Physician Water Street Family ... Alternative Medicine Practice

Suggested Use

Top Pick Furniture & Home Goods Butcher Travel Agency Veterinary Clinic Tanning Salon Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,635
Businesses Nearby

Demographics for 78028, TX

40,789
Population
19,285
Households
2.1
Avg Household Size
51
Median Age
32%
College-Educated
91%
High-School Grad
263.3 sq mi
ZIP Area
155
Density / Sq Mi
$65,486
Median Household Income
$35,884
Median Earnings
$1,097
Median Rent
$281,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Limestone-finished property includes private offices, collaborative workspace, conference areas, and covered outdoor entry.
Where is this office building located?
The property is located at 1001 Water St Kerrville, TX.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 12,140‑square‑foot office building on 1.51 acres; Current lease runs through 4/9/29 with annual rent increases; Parking for 60+ vehicles, including handicap spaces
More about this property
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