10207 E Hwy 290 Fredericksburg, TX 78624
COMMERCIAL - Fredericksburg, TX
Property Features for 10207 E Hwy 290
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Security features
- Security System
- Exterior features
- Lighting, Storage
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 3,849 SF
- Lot size
- 23.70 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Well
- Water front features
- Creek
Building Details
- Year built
- 1996
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Tile
- Building materials
- Rock Veneer, Stucco
- Roof type
- Metal, Tile
- Additional Structures
- Storage
Listing agent Laura Fore License #TREC#0557049 (830) 459-4000
Listing office Fore Premier Properties 804 Water St., TX (830) 257-4000
Listing date Jun 8, 2026
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.
The property benefits from significant frontage, including more than 500 feet along US Hwy 290 and 740 feet along scenic Grape Creek. Utility and on-site infrastructure includes one commercial septic system and two residential septic systems supporting existing uses.
For buyers and operators, the blend of planted vineyard acreage, permitted water capacity, and purpose-built event and lodging facilities supports a hospitality-forward ag use. The layout and infrastructure also provide a workable platform for continued agricultural operations and expanded guest services within the existing improvement set.
Key Highlights
- 23.7‑acre Hill Country estate with 500'+ frontage on US Hwy 290 and 740' of frontage on Grape Creek
- State‑permitted high‑capacity public water supply system: 200 GPM well, permit up to 4.56 million gallons annually
- 15 acres suited for agricultural use with irrigation, fenced pastures, ag exemption, and planted grape varietals
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $461.9k | $120.00 |
| − Vacancy | −$32.3k | −$8.40 |
| EGI | $429.5k | $111.60 |
| − OpEx | −$225.5k | −$58.59 |
| NOI | $204.0k | $53.01 |
