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    286 State Highway 173 Bandera, TX 78003

    View on Map
    Sponsored
    For Sale
    $350,000

    SINGLE_FAMILY - Bandera, TX

    Type:Retail
    Property size:
    399 SF
    Lot size:
    1.08 Acres
    Days on Market:
    10
    Last Refresh:
    Mar 18 at 2:06 am

    Property Features for 286 State Highway 173

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    unrestricted
    Exterior features
    Storage
    Accessibility
    Accessible Approach with Ramp
    Size
    399 SF
    Lot size
    1.08 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Electric (Heating), Wall Furnace
    Cooling system
    Window Unit(s), Electric
    Water source
    Well

    Building Details

    Year built
    2019
    Number of units
    1
    Flooring type
    Vinyl
    Building materials
    HardiPlank Type
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Lara Hicks

    eXp Realty LLC / Tinsley Realty Group (888) 519-7431

    Listing agent Lara Hicks (830) 777-1356

    Listing date Mar 9, 2026

    MLS# 120142

    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.

    Learn more

    Overview

    Bandera, TX Income-Generating Property

    Located just outside Bandera, Texas, this property offers country living close to downtown. The property includes a tiny home purchased in 2019, providing a place to live or rent. There are three full hookup RV spaces, two of which have 12'x40' concrete pads. A 2022 Forest River R-Pod 202 travel trailer is included in the sale. Horse lovers will appreciate the two horse stalls in the back, complete with a fenced-in area to safely accommodate animals. A covered picnic area is ideal for gatherings or guests. Two outbuildings provide ample storage space, one with a two-car carport and extra storage, and another dedicated solely to storage needs. There's also a well house with more storage, though the tiny home and RV spots benefit from the reliability of city water. The property has been cared for and is move-in or rent-out ready. The lot size is 1.08 acres.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Dental Office Building Supply Law Firm Big Box & Wholesale Store Spa & Massage Center Hair Salon Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bandera
    County
    Bandera
    State
    Texas
    Longitude
    -99.0664605
    Latitude
    29.7210087

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    FAQs

    What type of property is this?
    Land - Income potential near downtown with tiny home and RV spaces.
    Where is this land located?
    The property is located at 286 State Highway 173 Bandera, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Income-generating potential with a tiny home, three full hookup RV spaces (two with concrete pads), and a 2022 Forest River R-Pod 202 travel trailer included.; - Prime location: Just outside Bandera city limits, offering both country peace and downtown access.; - Move-in/rent-out ready, beautifully maintained property.
    (830) 777-1356
    Request Owner's contact information
    286 State Highway 173 Bandera, TX 78003
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    Bandera, TX 78003
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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
    286 State Highway 173 Bandera, TX 78003
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    We can help!
    Listing Contact
    Lara Hicks
    Real Estate License ID: 0764225
    (830) 777-1356 (830) 928-7193 (888) 519-7431
    Learn more
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