Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Great Sky Rnch, Unit 82 Kerrville, TX 78028

    View on Map
    Sponsored
    For Sale
    $245,000

    LAND - Kerrville, TX

    Lot size:
    5.03 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 27 at 1:06 am

    Property Features for Great Sky Rnch

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R
    Lot size
    5.03 Acres

    We can help!

    Listing Contact
    Gary Goetz

    EXP Realty, LLC

    Listing agent Gary Goetz

    Listing date Mar 24, 2026

    MLS# 1936793

    Copyright © 2026 LERA MLS. 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

    Kerrville Land For Sale

    This 5.03-acre residential lot is located in Kerrville, Texas. The lot has an irregular shape and is subject to recorded deed restrictions and utility easements. Private roads are maintained by the HOA. A minimum of 2,000 sq ft is required for the primary residence. Showings are by appointment only.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Kerrville
    County
    Kerr
    State
    Texas
    Longitude
    -99.1089
    Latitude
    30.0272

    Nearby Similar for Sale

    • New
      $549,900
      0.13 Acres

      Kerrville Commercial Building For Sale

      Versatile commercial building in central Kerrville, ideal for various uses.
      429 Earl Garrett St, Kerrville, TX 78028
      View Details
    • $549,900
      1,920 SF

      Versatile Commercial Building, Kerrville

      Adaptable commercial property in central Kerrville location with endless potential.
      429 Earl Garrett St, Kerrville, TX 78028
      View Details
    • $697,000
      3,620 SF

      Junction Highway Commercial Opportunity

      Versatile commercial property with frontage and income potential.
      1836 Junction Hwy, Kerrville, TX 78028
      View Details
    • $697,000
      3,620 SF

      Junction Hwy Frontage Commercial Property

      Commercial property with frontage, C-3 zoning, and income potential.
      1836 Junction Hwy, Kerrville, TX 78028
      View Details
    • $475,000
      0.24 Acres

      Charming Renovated Office in Kerrville

      Renovated 1940s office building with highway frontage.
      717 Sidney Baker St, 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
    • $475,000
      1,544 SF

      Renovated Office with Cottage Charm

      Charming, renovated office building with highway frontage and modern amenities.
      717 Sidney Baker St, 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
    • $625,000
      864 SF

      Kerrville Commercial Property For Sale

      Versatile commercial building in a high-visibility location.
      518 N Junction Hwy, Kerrville, TX 78028
      View Details
    • $1,199,000
      600 SF

      Riverfront Commercial Opportunity in Kerrville

      C-2 zoned property with river frontage and income potential.
      2523 Memorial Blvd, Kerrville, TX 78028
      View Details
    • $1,199,000
      600 SF

      Kerrville Commercial Property with Riverfront

      C-2 zoned commercial property with Guadalupe River frontage.
      2523 Memorial Blvd, Kerrville, TX 78028
      View Details
    • $1,199,000
      600 SF

      Kerrville Commercial Opportunity on Hwy 27

      C-2 zoned property with Guadalupe River frontage in Kerrville.
      2523 Memorial Blvd, Kerrville, TX 78028
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5.03 acre residential lot in Kerrville, Texas.
    Where is this residential land & home lot located?
    The property is located at Great Sky Rnch, Unit 82 Kerrville, TX.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: - Private roads maintained by HOA.; - **2,000 sq ft minimum for primary residence.**; - Showings by appointment only.
    (888) 519-7431
    Request Owner's contact information
    Great Sky Rnch, Unit 82 Kerrville, TX 78028
    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.
    Great Sky Rnch, Unit 82
    Kerrville, TX 78028
    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
    Great Sky Rnch, Unit 82 Kerrville, TX 78028
    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
    Gary Goetz
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!