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    The Largest CRE Database in the US with Over 1 Million Listings

    124 Kerry Dr, Unit 2 George West, TX 78022

    Sponsored
    For Sale
    $200,000

    MULTI_FAMILY - George West, TX

    Property size:
    1,798 SF
    Lot size:
    0.35 Acres
    Days on Market:
    6
    Last Refresh:
    Feb 20 at 10:06 pm

    Property Features for 124 Kerry Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    100221
    Parking
    2
    Appliances
    ElectricOven, ElectricRange
    Size
    1,798 SF
    Lot size
    0.35 Acres

    Utilities

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

    Building Details

    Year built
    1983
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Laminate
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    Cindi DuBois
    Cindi DuBois

    Holtzclaw Herrmann Real Estate (361) 241-5363

    Listing agent Cindi L DuBois (210) 625-0461 License #0689983

    Listing date Feb 15, 2026

    MLS# 471421

    Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Duplex in Chapelle Heights

    Located in the Chapelle Heights subdivision, this updated brick duplex at 124 Kerry Dr. offers a turnkey investment opportunity. The property features two units, each with two bedrooms and one bathroom, and approximately 900 square feet of living space. Both units are fully rented, providing immediate, stable income. Historically, each unit has been leased at $800 per month, with one month's rent collected upfront. Tenants are responsible for their own water and electricity, and maintenance is handled by management. The property is situated in a quiet, established neighborhood and includes a large backyard. Recent updates include new flooring, a new hot water heater, and a new HVAC system. The interiors are clean and updated, maintained by long-term management. Each unit features a kitchen with a breakfast bar open to the dining area, a full-size range and refrigerator, and a laundry area off the kitchen. The flooring is a combination of carpet, tile, and wood-look linoleum. The bathroom includes a tile bath with a shower/tub combo. The duplex next door at 126 Kerry Dr. is also available for purchase, making this an ideal portfolio addition for investors seeking side-by-side income-producing properties. The seller prefers to sell both duplexes together. The property is located approximately 4.5 miles west of IH-37 on Hwy 59 toward George West, then approximately 1 mile north on Hwy 281/Nueces St to Chapelle Dr., then left onto Kerry Dr. The property sits on a 0.35-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    George West
    County
    Live Oak
    State
    Texas
    Longitude
    -98.120499
    Latitude
    28.342018

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    FAQs

    What type of property is this?
    Duplex - Fully-rented duplex with updated interiors in a quiet neighborhood.
    Where is this duplex located?
    The property is located at 124 Kerry Dr, Unit 2 George West, TX.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Turnkey investment: Fully rented duplex providing immediate, stable income.; - Desirable location: Quiet county living in Chapelle Heights, minutes from town with high rental demand.; - Updated property: Enjoy new flooring, hot water heater, and HVAC system.
    (210) 625-0461
    Request Owner's contact information
    124 Kerry Dr, Unit 2 George West, TX 78022
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    George West, TX 78022
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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
    124 Kerry Dr, Unit 2 George West, TX 78022
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    We can help!
    Listing Contact
    Cindi DuBois
    Cindi DuBois
    Real Estate License ID: 0689983
    (210) 625-0461
    Learn more
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