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

    623 -- Josephine Rd Harper, TX 78624

    Sponsored
    For Sale
    $1,050,000

    Farm Land, Acreage, Farm & Ranch - Harper, TX

    Type:Farm
    Lot size:
    75.00 Acres
    Days on Market:
    105
    Last Refresh:
    Feb 4 at 5:06 pm

    Property Features for 623 -- Josephine Rd

    General Information

    Property type
    Land
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    None
    Exterior features
    House, Cabin, Storage Building
    Lot size
    75.00 Acres

    Building Details

    Architectural style
    Ranch
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Leonardo Noriega

    eXp Realty LLC / Tinsley Realty Group (830) 928-7193

    Listing agent Leonardo Noriega (830) 928-7193

    Listing date Oct 23, 2025

    MLS# 97233 Listing URL

    Copyright © 2026 Central Hill Country 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

    Harper, Texas Hunting Paradise

    Located in Harper, Texas, the property at 623 Josephine Rd spans 75 acres. The land offers views of rolling landscapes. The property is equipped with water, septic, and electricity. A home is included on the property. A 12x12 tree house is also present. The location is near Harper and a short drive from Fredericksburg and Kerrville.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Harper
    County
    Gillespie
    State
    Texas
    Longitude
    -99.00729228
    Latitude
    30.29852552

    Nearby Similar for Sale

    • $1,875,000
      84.15 Acres

      Harper TX Hill Country Estate

      Private estate with residential, agricultural, and equestrian improvements on 84+ acres.
      9352 N Ranch Road 783, Harper, TX 78631
      View Details
    • New
      $323,000
      18.40 Acres

      Harper, TX Acreage For Sale

      18.41 acre gated, ag-exempt property near Harper, Texas.
      15 -- Legacy Oaks Dr, Harper, TX 78631
      View Details
    • $1,750,000
      637 SF

      Hill Country Ranch on Pedernales River

      72.42 acre ranch with river frontage and cabin.
      19415 -- Fm 2093, Harper, TX 78624
      View Details
    • $2,250,000
      117.00 Acres

      Harper Ranch with Livestock Amenities

      117-acre ranch near Harper, TX, ideal for livestock.
      1379 -- Barker-Rogers, Harper, TX 78631
      View Details
    • $1,450,000
      109.73 Acres

      Turn-Key Ranch with Historic Home

      Ranch property with two homes, outbuildings, and agricultural potential.
      315 Rieger Rd, Harper, TX 78631
      View Details
    • New
      $3,973,000
      137.99 Acres

      Texas Hill Country Ranch Land

      137+ acre ranch property with hilltop views and spring-fed creeks.
      481 -- Living Water Rnch Rd, Harper, TX 78631
      View Details
    • $3,890,000
      397.23 Acres

      Unrestricted Acreage Near Harper, Texas

      397.23 unrestricted acres at the Gillespie/Kerr County line.
      65 -- Miles Ln, Harper, TX 78631
      View Details
    • $375,000
      3,450 SF

      Remodeled Commercial Property on Highway

      Versatile commercial building in downtown Harper with excellent visibility.
      23654 Us Highway 290 W, Harper, TX 78631
      View Details
    • $375,000
      0.24 Acres

      Remodeled Commercial Property in Harper, TX

      Remodeled commercial property on a corner lot in downtown Harper.
      23654 W Us Highway 290, Harper, TX 78631
      View Details
    • New
      $549,900
      10.08 Acres

      Furnished Cabin on Ranch Land

      Furnished cabin suitable for short-term rental or bed and breakfast.
      344 -- Westridge Ln, Harper, TX 78631
      View Details
    • $890,000
      128.75 Acres

      Gillespie County Ranch Land

      128.75 acre ranch in western Gillespie County, Texas.
      0 -- Jung Rd, Harper, TX 78631
      View Details
    • $2,300,000
      0.81 Acres

      Harper, TX Grocery/Gas Store

      Longtime Harper grocery and gas business opportunity on 0.812 acres.
      23682 W Us Highway 290, Harper, TX 78631
      View Details

    FAQs

    What type of property is this?
    Ranch - 75-acre hunting retreat with home, water, septic, and electricity.
    Where is this ranch located?
    The property is located at 623 -- Josephine Rd Harper, TX.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - 1.75-acre property ideal for hunting with an abundance of white-tailed deer.; - Includes a comfortable home with water, septic, and electricity.; - Located in the Texas Hill Country near Harper, Fredericksburg, and Kerrville.
    (830) 456-3158
    Request Owner's contact information
    623 -- Josephine Rd Harper, 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.
    623 -- Josephine Rd
    Harper, 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
    623 -- Josephine Rd Harper, 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
    Leonardo Noriega
    (830) 456-3158
    Learn more
    Google sign-in failed. Please try again or use another login method.