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    377 Green Oak Dr Kerrville, TX 78028

    View on Map
    Sponsored
    For Sale
    Under Contract
    $1,133,391

    MULTI_FAMILY - Other - Kerrville, TX

    Property size:
    4,645 SF
    Lot size:
    21.34 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 26 at 6:06 pm

    Property Features for 377 Green Oak Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Security features
    Security System
    Zoning
    Residential
    Rooms
    Bathroom 4, Laundry Room, Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 5
    Bathrooms
    5
    Parking features
    Carport
    Patio and Porch features
    Porch, Patio
    Interior features
    High Ceilings
    Appliances
    Propane Water Heater, Dishwasher, Gas Range, Refrigerator
    Size
    4,645 SF
    Lot size
    21.34 Acres

    Utilities

    Heating system
    Propane (Heating), Electric (Heating)
    Cooling system
    Electric
    Water source
    Well

    Building Details

    Year built
    2007
    Floors in Building
    1
    Number of units
    2
    Building materials
    Brick Veneer, Wood Siding
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Meagan Burke

    Brinkman Preferred Properties

    Listing agent Meagan Burke

    Listing date Mar 23, 2026

    MLS# 119819

    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

    Hill Country Multi-Family Haven

    This Hill Country property, situated on 21.34 acres, features two well-maintained homes suitable for multi-generational living or income production. The property includes a private water well, a backup generator, an RV-ready workshop, and unrestricted land where hunting is permitted. The main house, built by Tilson Homes, offers 2282 square feet of living space with 3 bedrooms and 2.5 bathrooms. It features stained concrete flooring throughout, a split bedroom floorplan, a flex room off the spare bedrooms, and a private office. A back porch provides views and breezes. The roof was recently replaced in June, along with the roof for the 30x50 shop, which includes an additional 30x30 covered awning. The second home, with a 2363-square-foot floorplan by Palm Harbor, includes 4 bedrooms and 2 bathrooms. It features an open-concept kitchen layout and two living areas. Updates include luxury vinyl flooring, Trex decking on the front porch, and newly planted landscaping. The property offers views, open skies, and tranquility, while remaining a short drive from town amenities. The combined property size of both homes is 4645 square feet.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Kerrville
    County
    Kerr
    State
    Texas
    Longitude
    -99.063676
    Latitude
    30.044786

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    FAQs

    What type of property is this?
    Single family property - Two homes on 21+ acres, ideal for multi-generational living.
    Where is this single family property located?
    The property is located at 377 Green Oak Dr Kerrville, TX.
    What is the asking price?
    The asking price for this property is $1,133,391.
    What are key features of this property?
    This property features: - 21.34 acres of unrestricted land with two well-maintained homes.; - Main home: **2282 sqft, 3 bdrm, 2.5 bath Tilson home** with stained concrete floors, split floorplan, flex room, and private office.; - Second home: 2363 sqft, 4 bdrm, 2 bath Palm Harbor home with open concept kitchen, two living areas, and luxury vinyl flooring.
    (830) 377-5161
    Request Owner's contact information
    377 Green Oak Dr Kerrville, TX 78028
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    Kerrville, TX 78028
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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
    377 Green Oak Dr Kerrville, TX 78028
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    We can help!
    Listing Contact
    Meagan Burke
    Real Estate License ID: 0789979
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