Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hill Country Estate Auction Title is generated by Realmo AI

    5081 Hwy 173, Center Point, TX 78010

    View on Map
    Claim this Listing
    Pending
    $2,150,000

    COMMERCIAL - Center Point, TX

    Property size:
    4,246 SF
    Lot size:
    126.30 Acres
    Added:
    May 5, 2026
    Days on Market:
    27
    Last Refresh:
    May 31 at 2:06 pm

    Property Features for 5081 Hwy 173

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Security features
    Security
    Exterior features
    Storage
    Standard status
    Pending
    Size
    4,246 SF
    Lot size
    126.30 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    2020
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Tile, Simulated wood
    Building materials
    Masonry & Steel, Metal Siding, Stucco, Wood Siding
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Tara Legenza

    Listing agent Tara Legenza License #0771310

    Listing office Fore Premier Properties 804 Water St., TX

    Listing date May 5, 2026

    MLS# 123870

    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.

    HighLights

    • Architecturally significant 126+ acre Hill Country estate with panoramic views.
    • Designed by acclaimed architect John‑West Stoddard, completed in 2020.
    • 4,246 sq ft main residence features floor‑to‑ceiling windows and 12‑foot ceilings.
    • Enjoy the walk‑in wine room and Wolf‑appointed kitchen.
    • Versatile tasting room with kitchen, fireplace, and sweeping porch views.
    • Two high‑fenced pastures and diverse wildlife.

    Overview

    This architecturally significant estate, spanning over 126 acres, is located in the Texas Hill Country. The property, completed in 2020, sits at an elevation of 1,900 feet, offering panoramic views. The main residence, designed by architect John-West Stoddard, features 4,246 square feet of living space. The home includes floor-to-ceiling windows, 12-foot ceilings, and composite decking with a gas firepit. The kitchen is equipped with Wolf appliances, and there is a walk-in wine room. A versatile tasting room includes a kitchen, fireplace, and porch with views. The property also features two high-fenced pastures and diverse wildlife.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Center Point
    County
    Kerr
    State
    Texas
    Longitude
    -99.09790238
    Latitude
    29.86339076

    Nearby Similar for Sale

    • $725,000
      3,081 SF

      Hospitality Property Overlooking Guadalupe River

      Hospitality property with commercial kitchen and outdoor seating areas.
      101 Skyline Dr, Center Point, TX 78010
      View Details
    • $2,150,000
      4,246 SF

      Architecturally Significant Hill Country Estate

      Contemporary 126+ acre estate with panoramic vistas.
      5081 Hwy 173, Center Point, TX 78010
      View Details
    • $2,150,000
      4,246 SF

      Hill Country Estate Auction Opportunity

      Architecturally significant 126+ acre estate with panoramic vistas.
      5081 Hwy 173, Center Point, TX 78010
      View Details
    • $2,800,000
      33,076 SF

      Center Point Manufacturing Facility For Sale

      Large industrial facility with highway frontage in Center Point, TX.
      5588 Hwy 27, Center Point, TX 78010
      View Details
    • $1,025,000
      6,489 SF

      Center Point Commercial Opportunity Awaits

      41-acre property with commercial and residential potential in Center Point.
      6268 Hwy 27, Center Point, TX 78010
      View Details
    • $879,900
      3,730 SF

      Center Point Ranch with Two Homes

      8.5-acre ranch featuring two homes and commercial shop.
      165 Mari-B, Center Point, TX 78010
      View Details

    FAQs

    What type of property is this?
    Ranch - Architecturally significant 126+ acre estate with panoramic vistas.
    Where is this ranch located?
    The property is located at 5081 Hwy 173 Center Point, TX.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: Architecturally significant 126+ acre Hill Country estate with panoramic views.; Designed by acclaimed architect John‑West Stoddard, completed in 2020.; 4,246 sq ft main residence features floor‑to‑ceiling windows and 12‑foot ceilings.
    (830) 800-9400
    We can help!
    Listing Contact
    Tara Legenza
    Real Estate License ID: 0771310
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    5081 Hwy 173, Center Point, TX 78010
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!