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    24515 Barnes Cyn Boerne, TX 78006

    Sponsored
    For Sale
    Under Contract
    $165,000

    LAND - Boerne, TX

    Property size:
    23,729 SF
    Lot size:
    0.55 Acres
    Days on Market:
    15
    Last Refresh:
    Jan 30 at 9:06 am

    Property Features for 24515 Barnes Cyn

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    OCL
    Size
    23,729 SF
    Lot size
    0.55 Acres

    We can help!

    Listing Contact
    Ricardo Gonzalez

    Keller Williams Heritage (210) 493-3030

    Listing agent Ricardo Gonzalez (210) 493-3030

    Listing date Jan 16, 2026

    MLS# 1932667 Listing URL

    Copyright © 2026 LERA MLS. 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

    Overview

    Boerne, TX Vacant Land

    Located at 24511 Barnes Canyon in Boerne, Texas, this vacant lot offers privacy and views within a Hill Country setting. Situated in a quiet cul-de-sac within a gated community, the homesite provides a peaceful environment surrounded by natural beauty and scenic canyon landscapes. The elevated setting allows for views and seclusion, making it suitable for building a custom home designed to enjoy the outdoors and the surrounding scenery. The property is located outside the 1604 Loop in the Scenic Loop area of the Hill Country, offering a balance of quiet living and everyday convenience. The lot is zoned within school districts. Nearby are entertainment, dining, and shopping options, along with access to outdoor recreation, golf courses, and Hill Country attractions. This vacant lot offers an opportunity to enjoy gated privacy, scenic views, and a sought-after location in the Boerne and Hill Country area. The property has a lot size of 0.545 acres, which is equivalent to 23729 square feet. The zoning is OCL.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Boerne
    County
    Kendall
    State
    Texas
    Longitude
    -98.709927
    Latitude
    29.670883

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    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lot in a gated community with scenic views.
    Where is this residential land & home lot located?
    The property is located at 24515 Barnes Cyn Boerne, TX.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: - Exceptional Hill Country setting with breathtaking views and scenic canyon landscapes.; - Located in a gated community offering privacy and security.; - Highly desirable Scenic Loop area location outside the 1604 Loop, balancing quiet living and convenience.
    (210) 243-5801
    Request Owner's contact information
    24515 Barnes Cyn Boerne, TX 78006
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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
    24515 Barnes Cyn Boerne, TX 78006
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    We can help!
    Listing Contact
    Ricardo Gonzalez
    Real Estate License ID: 0663626
    (210) 243-5801
    Learn more
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