Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1650 S Rainbow Ranch Rd, Unit 20 Wimberley, TX 78676

    Sponsored
    For Sale
    $445,000

    LAND - Wimberley, TX

    Lot size:
    11.28 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 26 at 6:06 am

    Property Features for 1650 S Rainbow Ranch Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R38575
    Lot size
    11.28 Acres

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Heather Knox

    eXp Realty, LLC (888) 519-7431

    Listing agent Heather Knox (888) 519-7431 License #0772118

    Listing date Jan 24, 2026

    MLS# 599883 Listing URL

    Copyright © 2026 Central Texas Multiple Listing Service. 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

    Hill Country Land Tract

    This 11.28-acre tract in the Hill Country offers space, privacy, and natural beauty. The wooded land features mature Oaks and Elms, providing multiple options for future build sites while allowing selective clearing to maintain seclusion. This property offers the flexibility to create a homestead, weekend retreat, or small hobby ranch. The location provides convenient access to Dripping Springs, Driftwood, San Marcos, Austin, and Wimberley, placing it close to Hill Country wineries, boutique shops, local dining, and the Wimberley ISD. Popular attractions like Jacob's Well, Blue Hole, and Wimberley's town square are only minutes away. Tubing the Guadalupe River or spending a day on Canyon Lake are both within easy reach. Horses and personal livestock are allowed, making it suitable for a rural lifestyle. The peaceful surroundings, wildlife, and open skies create an ideal setting for gardening, stargazing, birdwatching, or outdoor activities. Located outside the city but near the best parts of the Hill Country, this acreage is located in Wimberley, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Hotel & Motel Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wimberley
    County
    Hays
    State
    Texas
    Longitude
    -98.047501
    Latitude
    30.07502

    Nearby Similar for Sale

    • $1,994,500
      20.00 Acres

      Wimberley Retreat with Event Venue

      20-acre Hill Country retreat near Wimberley with event venue.
      Oakwood Loop, Wimberley, TX 78676
      View Details
    • $1,494,500
      12.00 Acres

      Hill Country Retreat with Income Potential

      12-acre Wimberley property with custom home, chapel, and horse barn.
      1218 -- Oakwood Loop, Wimberley, TX 78676
      View Details
    • $2,499,500
      24.00 Acres

      Hill Country Retreat and Event Venue

      24-acre Wimberley property with log cabin, chapel, and amenities.
      1218 -- Oakwood Loop, Wimberley, TX 78676
      View Details
    • $2,800,000
      288 SF

      Unrestricted Ranch Near Wimberley, TX

      72+ acre ranch with diverse potential near Wimberley, Texas.
      5400 Fm 2325, Wimberley, TX 78676
      View Details
    • $4,550,000

      Profitable Businesses in Wimberley Square

      Two properties with established businesses in Wimberley's tourist center.
      314 Wimberley Sq Rd, Wimberley, TX 78676
      View Details
    • $849,000

      Hill Country Views Ranchette

      16.5 acre ranchette with views, stone home, and pasture.
      1231 Montell Rd, Wimberley, TX 78676
      View Details
    • $1,500,000

      Wimberley Ranch Road 12 Opportunity

      1.24-acre site near downtown Wimberley with highway frontage.
      13500 Ranch Road 12, Wimberley, TX 78676
      View Details
    • $2,190,000

      Waterfront Cottages Turnkey Investment Property

      Turnkey waterfront investment with four fully remodeled cottages.
      107-109 Scudder Ln, Wimberley, TX 78676
      View Details
    • $2,200,000

      Wimberley Investment Property For Sale

      Two buildings totaling over 8,800 SF on 2.32 acres.
      600 Fm 3237, Wimberley, TX 78676
      View Details
    • $608,000

      Wimberley Townhomes: Investment Opportunity

      Income-producing townhomes in Wimberley, TX. Short-term rentals allowed.
      38 Deer Ridge Rd, Wimberley, TX 78676
      View Details
    • $1,200,000

      Unique 10-Acre Venue Opportunity

      10-acre property ideal for short-term rental or wedding venue.
      100 Burnett Ranch Rd, Wimberley, TX 78676
      View Details
    • $775,000

      Camino De Rancho Specialty Property

      Specialty property available for sale in Wimberley, Texas.
      700 Camino De Rancho, Wimberley, TX 78676
      View Details

    FAQs

    What type of property is this?
    Land - 11.28-acre wooded land near Wimberley, TX, ideal for homestead.
    Where is this land located?
    The property is located at 1650 S Rainbow Ranch Rd, Unit 20 Wimberley, TX.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: - Large 11.28-acre Hill Country tract offering space and privacy.; - Convenient access to Dripping Springs, Driftwood, San Marcos, Austin, and Wimberley.; - Wooded land with mature Oaks and Elms, providing multiple build site options.
    (951) 533-6926
    Request Owner's contact information
    1650 S Rainbow Ranch Rd, Unit 20 Wimberley, TX 78676
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1650 S Rainbow Ranch Rd, Unit 20
    Wimberley, TX 78676
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1650 S Rainbow Ranch Rd, Unit 20 Wimberley, TX 78676
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Heather Knox
    Real Estate License ID: 0772118
    (951) 533-6926
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.