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    Diverse Commercial Property in Wimberley Title is generated by Realmo AI

    16933 Rr, Wimberley, TX 78676

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    Claim this Listing
    For Sale
    $1,250,000

    COMMERCIAL - Wimberley, TX

    Property size:
    960 SF
    Lot size:
    6.94 Acres
    Price / SF:
    $1,302/SF
    Added:
    Apr 3, 2026
    Days on Market:
    63
    Last Refresh:
    Jun 4 at 8:06 am

    Property Features for 16933 Rr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C
    Standard status
    Active
    APN
    R101087
    Size
    960 SF
    Lot size
    6.94 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    HOGG CREEK BUS PARK, LOT 2, ACRES 6.939
    Tax Annual Amount
    9997

    Utilities

    Sewer type
    Septic Tank

    Building Details

    Year built
    2010
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    WoodSiding

    We can help!

    Listing Contact
    Jim Donaldson

    Listing agent Jim Donaldson License #0634437

    Listing office Keller Williams Realty - Partn 13210 RR 12, Suite A, TX

    Listing date Apr 3, 2026

    MLS# 608412

    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.

    HighLights

    • Over 200 feet of frontage on Ranch Road 12.
    • Existing income from signs, a fireworks stand, and rental spaces.
    • Nearly 7 acres of land.
    • Main house, guest home, above‑ground pool, and workshop on the property.
    • Located a short drive to Wimberley Square and Highway 290 in Dripping Springs.
    • Part of Hogg Creek Business Park with shared access driveway and well.

    Overview

    This commercial property offers a diverse opportunity with over 200 feet of frontage on Ranch Road 12 in Wimberley, Texas. The nearly 7-acre tract is a short drive to the square in Wimberley and to Highway 290 in Dripping Springs. The property includes a main house, guest home, above ground pool, and workshop situated among the trees at the back. The property currently generates income from signs, a fireworks stand, and rental spaces, offering diverse cash flow. The front of the property has two gates to control access. The tract is part of the Hogg Creek Business Park and includes a shared access driveway for all three lots, as well as a shared well. The property shares a fence with the VFW, rodeo arena, and baseball fields in the back, and with Right Space Storage on one side. The property's size is 960 square feet. The zoning is 'C'.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Wimberley
    County
    Hays
    State
    Texas
    Longitude
    -98.15
    Latitude
    30.0586

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    FAQs

    What type of property is this?
    Mixed-use property - Commercial property with frontage on Ranch Road 12 in Wimberley.
    Where is this mixed-use property located?
    The property is located at 16933 Rr Wimberley, TX.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Over 200 feet of frontage on Ranch Road 12.; Existing income from signs, a fireworks stand, and rental spaces.; Nearly 7 acres of land.
    (830) 857-3371
    We can help!
    Listing Contact
    Jim Donaldson
    Real Estate License ID: 0634437
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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.

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