Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Kerrville Corner Lot with Views Title is generated by Realmo AI

    698 Rim Rock, Kerrville, TX 78028

    View on Map
    Claim this Listing
    For Sale
    $152,000

    LAND - Kerrville, TX

    Lot size:
    1.01 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    69
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 698 Rim Rock

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Lot size
    1.01 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Amy Patrick

    Listing agent Amy Patrick License #0648620

    Listing office Keller Williams Realty - Kerrville 1112 Sidney Baker, San Antonio, TX

    Listing date Mar 27, 2026

    MLS# 123900 Listing URL

    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

    • Desirable 1.01 Acre corner lot with sweeping southeastern views.
    • Located outside city limits with no HOA and reasonable deed restrictions.
    • Conveniently situated less than 6 minutes from Peterson Regional Medical Center, Guadalupe River Trail, and Kerrville shopping/dining.
    • Level homesite offering an exceptional building opportunity; potential for stunning western views from a two‑story home.
    • Native grasses and plants preserved to protect topsoil, ideal for delayed building.
    • Mature trees positioned for a future circular driveway.

    Overview

    This 1.01-acre corner lot is located in Kerrville. The property offers southeastern views, enhanced by selective clearing of cedar trees. The level homesite presents a building opportunity, with the potential for western views from a second story due to its elevation. Situated outside city limits, the property has no HOA and reasonable deed restrictions. Located on Rim Rock Road, it is a short drive to Peterson Regional Medical Center, the Guadalupe River Trail, and Kerrville shopping and dining. Native grasses and plants have been preserved to protect topsoil. Mature trees are positioned at the corner of the property, suitable for a circular driveway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Bar & Pub Grocery & Convenience Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Kerrville
    County
    Kerr
    State
    Texas
    Longitude
    -99.1599472
    Latitude
    30.0322926

    Nearby Similar for Sale

    • $1,550,000
      12,804 SF

      Downtown Kerrville Mixed-Use Opportunity

      Two commercial buildings in downtown Kerrville with mixed-use potential.
      832, 838 Water St, Kerrville, TX 78028
      View Details
    • $998,000
      11,368 SF

      Kerrville Commercial Building Opportunity

      Commercial building near I-10/Hwy 16 intersection, suitable for multiple business plans.
      2125 Sidney Baker, Kerrville, TX 78028
      View Details
    • $1,090,000
      7,926 SF

      Historic Chapel and Office Basement

      1923 landmark chapel with sanctuary and a large basement featuring office space, open areas, and a small kitchen.
      800 Jefferson St, Kerrville, TX 78028
      View Details
    • $769,000
      2,531 SF

      Kerrville Mixed-Use Corner Property

      Versatile C2 zoned property with office, retail, and storage.
      1112 Sidney Baker, Kerrville, TX 78028
      View Details
    • $625,000
      864 SF

      Kerrville Commercial Property on Junction

      Versatile 864 SF commercial building on 0.23-acre lot.
      518 Junction Hwy, Kerrville, TX 78028
      View Details
    • $899,000
      2,250 SF

      Kerrville Commercial Corner Opportunity

      Former bank building on 1.78 acres with high visibility.
      520 Thompson Dr, Kerrville, TX 78028
      View Details
    • $2,200,000
      7,192 SF

      Kerrville Retail and Warehouse Opportunity

      8.083 acre commercial property with retail, bar, and warehouse.
      1834 Junction Hwy, Kerrville, TX 78028
      View Details
    • $375,000
      1,976 SF

      Kerrville Commercial Property with Charm

      Classic 1935 property with commercial potential in Kerrville, TX.
      1028 Jefferson St, Kerrville, TX 78028
      View Details
    • $1,495,000
      3,174 SF

      Hill Country Retreat with RV/Workshop

      9.77 acre Kerrville property with versatile buildings and views.
      195 Kamira Dr, Kerrville, TX 78028
      View Details
    • $380,000
      2,368 SF

      Historic Mixed-Use Commercial Building

      Flexible, character-rich downtown property offering multiple conversion options within C2 zoning.
      427 Earl Garrett, Kerrville, TX 78028
      View Details
    • $430,000
      2,347 SF

      Standalone Office Building Corner Lot

      Prominent corner location near downtown, with flexible space suited to office or boutique retail, studio, or gallery use.
      823 North St, Kerrville, TX 78028
      View Details
    • $625,000
      864 SF

      Kerrville Commercial Opportunity For Sale

      Versatile commercial building with high visibility and flexible business potential.
      518 N Junction Hwy, Kerrville, TX 78028
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Desirable 1.01-acre Kerrville corner lot with sweeping views.
    Where is this residential land & home lot located?
    The property is located at 698 Rim Rock Kerrville, TX.
    What is the asking price?
    The asking price for this property is $152,000.
    What are key features of this property?
    This property features: Desirable 1.01 Acre corner lot with sweeping southeastern views.; Located outside city limits with no HOA and reasonable deed restrictions.; Conveniently situated less than 6 minutes from Peterson Regional Medical Center, Guadalupe River Trail, and Kerrville shopping/dining.
    (830) 353-7474
    We can help!
    Listing Contact
    Amy Patrick
    Real Estate License ID: 0648620
    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
    698 Rim Rock, Kerrville, TX 78028
    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!