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

    Prairie Rd Bandera, TX 78003

    Sponsored
    For Sale
    $50,000

    LAND - Bandera, TX

    Lot size:
    0.31 Acres
    Days on Market:
    265
    Last Refresh:
    Jan 30 at 2:06 pm

    Property Features for Prairie Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RESIDENTIAL
    Lot size
    0.31 Acres

    We can help!

    Listing Contact
    Patrick Serna
    Patrick Serna

    EXP Realty, LLC (888) 519-7431

    Listing agent Patrick Serna (888) 519-7431

    Listing date May 11, 2025

    MLS# 1809091 Listing URL

    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

    Property Insight Report

    Overview

    Texas Hill Country Land

    Located in the Texas Hill Country at Lake Medina, this property is situated within a gated community that offers waterfront access and various amenities. The guard-controlled access community provides private use of a clubhouse, a boat ramp, a fishing pier, a park/playground, and a BBQ grill. The 0.31-acre lot is partially cleared and ready for construction, featuring mature trees that offer natural privacy and shade. The community also provides an area for guests to rent cabins or hook up their RVs. HUD code manufactured homes are permitted if securely anchored, connected to sewage facilities, and meet other restrictions. Restrictions do not permit farm animals. This residential land is intended for building a new home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Bandera
    County
    Bandera
    State
    Texas
    Longitude
    -98.988015
    Latitude
    29.611593

    Nearby Similar for Sale

    • $160,000
      0.22 Acres

      Two Adjoining Lots with RVs

      Two leveled lots with RVs, carports, hookups, and utilities.
      460 Paloma, Bandera, TX 78003
      View Details
    • $385,000
      399 SF

      Bandera Property with Income Potential

      Income-generating property near Bandera, Texas with tiny home and RV spaces.
      286 State Highway 173, Bandera, TX 78003
      View Details
    • $119,900
      0.12 Acres

      Bandera, TX Land with Efficiency

      Land with efficiency, storage, and river access in Bandera.
      426 Paloma Dr, Bandera, TX 78003
      View Details
    • $450,000
      2.95 Acres

      Unrestricted Land with Creek Access

      Nearly 3-acre unrestricted property with creek, RV amenities, utilities.
      Chipman Ln, Bandera, TX 78003
      View Details
    • $746,500
      30.64 Acres

      Bandera County Land For Sale

      30.64 acres in Bandera County with frontage and utilities.
      836 Fm 2828, Bandera, TX 78003
      View Details
    • $129,990
      0.07 Acres

      Bandera, TX RV Pad

      Premium RV pad with resort-style amenities and income potential.
      4300 State Highway 16 N, Bandera, TX 78003
      View Details
    • $85,000

      Income-Producing RV Pad in Bandera

      RV pad in Riverwalk Resort with amenities and income potential.
      4300 State Highway 16, Bandera, TX 78003
      View Details
    • $70,000
      0.28 Acres

      Land with RV Hookups

      Lot with RV hookups, electricity, and water in Bandera.
      Prairie Rd, Bandera, TX 78003
      View Details
    • $530,000
      1,170 SF

      Bandera Gun Club on 21.4 Acres

      Turnkey shooting sports facility near downtown Bandera, Texas.
      21.4 +/- Ac Fm 1077, Bandera, TX 78003
      View Details
    • $115,000
      0.46 Acres

      Bandera, TX RV Lot

      RV lot with utilities and Medina River access near town.
      707 Mountain View Dr, Bandera, TX 78003
      View Details
    • New
      Contact for pricing
      6,240 SF

      Land in Bandera, Texas

      Land for sale in Bandera, Texas.
      W Canyon Dr, Bandera, TX 78003
      View Details
    • $990,700

      Medina River Cabin with Acreage

      Cabin on 5+ unrestricted acres with Medina River frontage.
      170 Teich Ln, Bandera, TX 78003
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land in gated community with waterfront access and amenities.
    Where is this residential land & home lot located?
    The property is located at Prairie Rd Bandera, TX.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: - Waterfront access to Lake Medina in the Texas Hill Country.; - Gated community with guard-controlled access.; - Partially cleared 1/3 acre lot ready for building your dream home.
    (210) 400-7131
    Request Owner's contact information
    Prairie Rd Bandera, TX 78003
    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.
    Prairie Rd
    Bandera, TX 78003
    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
    Prairie Rd Bandera, TX 78003
    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
    Patrick Serna
    Patrick Serna
    Real Estate License ID: 689567
    (210) 400-7131
    Learn more
    Google sign-in failed. Please try again or use another login method.