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

    190 Axis Cir, Unit 88 Fredericksburg, TX 78624

    Sponsored
    For Sale
    $174,900

    LAND - Fredericksburg, TX

    Lot size:
    3.01 Acres
    Days on Market:
    82
    Last Refresh:
    Jan 26 at 5:06 am

    Property Features for 190 Axis Cir

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    179746
    Lot size
    3.01 Acres

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Mary Elwell
    Mary Elwell

    The Damron Group REALTORS (512) 392-7653

    Listing agent Mary Elwell (512) 392-7653 License #0679609

    Listing date Nov 6, 2025

    MLS# 592713

    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

    Residential Land in Texas Wine Area

    This 3.01-acre lot is located in Fredericksburg, TX, within the highly sought-after Texas Wine area. Stonewall, Fredericksburg, and Hwy 290 are less than 30 minutes away. The gated subdivision includes underground utilities and water to each lot. There are numerous level building sites available for constructing a dream home with a view. The subdivision has an agricultural exemption in place, resulting in low property taxes. Reasonable restrictions are in place to protect investments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fredericksburg
    County
    Gillespie
    State
    Texas
    Longitude
    -98.632947
    Latitude
    30.324078

    Nearby Similar for Sale

    • $1,717,223
      3,982 SF

      Hill Country Ranch with Workshop

      Ag-exempt ranch near Fredericksburg with workshop and guest apartment.
      647 Funf Kinder Rd, Fredericksburg, TX 78624
      View Details
    • $1,717,223
      28.13 Acres

      Fredericksburg Ranch with Workshop & Guest

      28+ acre ranch near Fredericksburg with workshop and guest apartment.
      647 -- Funf Kinder Rd, Fredericksburg, TX 78624
      View Details
    • $6,998,000
      15,619 SF

      Fredericksburg Event Center and Lodging

      Event center and lodging near Luckenbach, Texas.
      146 Pehl Farm Ln, Fredericksburg, TX 78624
      View Details
    • $10,500,000
      116.00 Acres

      Fredericksburg Estate Homes on Acreage

      Two luxury homes on 116 acres near Fredericksburg, Texas.
      862 -- Grape Crk Rd, Fredericksburg, TX 78624
      View Details
    • $2,995,000
      22.00 Acres

      Hill Country Estate on 22 Acres

      Exceptional Fredericksburg estate with Ag exemption, wells, and high fencing.
      772 -- Luckenbach Rd, Fredericksburg, TX 78624
      View Details
    • $6,495,000
      0.43 Acres

      Fredericksburg Commercial Property For Sale

      Impressive building on a corner lot in the Central Business District.
      241 E Austin St, Fredericksburg, TX 78624
      View Details
    • $6,998,000
      35.80 Acres

      Fredericksburg Event Center and Lodge

      Newly completed event center and lodge on 35.8 acres.
      146 -- Pehl Farm Ln, Fredericksburg, TX 78624
      View Details
    • New
      $1,695,000
      2,732 SF

      Gillespie County Retreat with Creek

      19.99 acre AG exempt property with creek frontage.
      810 -- Clear Crk Rd, Fredericksburg, TX 78624
      View Details
    • $1,745,000
      5.75 Acres

      Fredericksburg Home with Acreage

      Majestic home on 5.75 acres with luxury finishes.
      324 -- Klenin Pl, Fredericksburg, TX 78624
      View Details
    • $9,995,000
      9,431 SF

      Fredericksburg Ranch with Water Resources

      100-acre ranch with multiple homes and development potential.
      283-A Hallford Ln, Fredericksburg, TX 78624
      View Details
    • $1,095,000
      46.79 Acres

      Unrestricted Land with Charming Home

      46.79 acres with a 2-bedroom home near Fredericksburg.
      2050 -- Adj Ln, Fredericksburg, TX 78624
      View Details
    • New
      $2,095,000
      0.11 Acres

      Historic Cabin Near Main Street

      Unique short-term rental property with high income potential.
      104 E Austin St, Fredericksburg, TX 78624
      View Details

    FAQs

    What type of property is this?
    Land - 3.01 acre lot ready for your dream home!
    Where is this land located?
    The property is located at 190 Axis Cir, Unit 88 Fredericksburg, TX.
    What is the asking price?
    The asking price for this property is $174,900.
    What are key features of this property?
    This property features: - Level building sites with expansive views.; - Located in the desirable Texas Wine area, near Stonewall, Fredericksburg, and Hwy 290.; - Gated subdivision with underground utilities and water to each lot.
    (512) 757-4167
    Request Owner's contact information
    190 Axis Cir, Unit 88 Fredericksburg, TX 78624
    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.
    190 Axis Cir, Unit 88
    Fredericksburg, TX 78624
    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
    190 Axis Cir, Unit 88 Fredericksburg, TX 78624
    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
    Mary Elwell
    Mary Elwell
    Real Estate License ID: 0679609
    (512) 757-4167
    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.