Manufacturing Property with Metal
For Sale
Under Contract
$289,000
17839 N State Hwy 16, Medina, TX 78055
Farm, Medina, TX
Property Size3,600 SF
Lot Size7.00 Acres
Price / SF$80.28
Days on Market102
Property Features for 17839 N State Hwy 16
General Information
Property type
Land
Property subtype
Other
Zoning
commercial
Lot features
Level, Sloped
Elementary school
Medina
Subdivision
81-Bandera County
Standard status
Active Under Contract
Size
3,600 SF
Lot size
7.00 Acres
Utilities
Utilities
Phone Available
Sewer type
Unknown
Water source
Well
Building Details
Year built
2006
Additional Structures
Workshop
Listing Agency:
Hill Country Realty
(830) 895-5500
Listed By:
Rebecca Stevens · License #0803188
(830) 688-1340
Added: May 14
Changed: Aug 20
Last Checked: Aug 23 at 7:06PM
MLS# 114923
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.
This 7-acre commercial property includes three large metal buildings totaling 3,600 square feet. The largest building is equipped with two drive-in doors, one walk-through door, and one loading dock. Constructed in 2006, the improvements were previously used as a manufacturing facility and provide a functional base for continued industrial or warehouse use.
The property fronts N State Hwy 16, approximately four miles from Medina and 20 miles from Kerrville. Commercial zoning, a private well, and phone availability are documented. Mature trees extend across the tract, adding a natural setting to the existing commercial improvements.
The property fronts N State Hwy 16, approximately four miles from Medina and 20 miles from Kerrville. Commercial zoning, a private well, and phone availability are documented. Mature trees extend across the tract, adding a natural setting to the existing commercial improvements.
Key Highlights
- 7‑acre tract on N State Hwy 16
- Three large metal buildings totaling 3,600 square feet
- Largest building includes two drive‑in doors, one walk‑through door, and one loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,163
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$523,260
$523.3K
Cap Rate 7%
$373,757
$373.8K
Cap Rate 9%
$290,700
$290.7K
Market Conditions
NOI Build-Up for 3,600 SF
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.
Gross rent
$32.4K $9.00/SF
− Vacancy
−$1.6K −$0.45/SF
EGI
$30.8K $8.55/SF
− OpEx
−$4.6K −$1.28/SF
NOI
$26.2K $7.27/SF
Area
Bandera County, TX
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$523,260
Cap Rate 7%
$373,757
Cap Rate 9%
$290,700
Alternative Uses
Best Use
Warehouse
$373.8K
$327.0K – $436.1K
NOI $26,163 @ 7.0% cap · market cap 9.05%
Second Best
Industrial
$307.8K
$269.3K – $359.1K
NOI $21,546 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$918.3K
$803.5K – $1.07M
NOI $64,281 @ 7.0% cap · market cap 22.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 78055, TX
1,574
Population
1,137
Households
1.4
Avg Household Size
59
Median Age
19%
College-Educated
91%
High-School Grad
237.1 sq mi
ZIP Area
7
Density / Sq Mi
$71,635
Median Household Income
$28,857
Median Earnings
$245,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Three metal buildings support manufacturing, warehouse, or other commercial operations on a wooded Hill Country tract.
Where is this manufacturing property located?
The property is located at 17839 N State Hwy 16 Medina, TX.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 7‑acre tract on N State Hwy 16; Three large metal buildings totaling 3,600 square feet; Largest building includes two drive‑in doors, one walk‑through door, and one loading dock
