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

    River Front Drive Pipe Creek, TX 78063

    View on Map
    For Sale
    $325,000

    LAND - Pipe Creek, TX

    Lot size:
    6.27 Acres
    Added:
    Feb 6, 2026
    Days on Market:
    55
    Last Refresh:
    Apr 2 at 5:06 am

    Property Features for River Front Drive

    General Information

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

    Taxes and HOA fees

    TaxAnnualAmount
    0

    We can help!

    Listing Contact
    Cynthia Bull

    Listing agent Cynthia Bull

    Listing office Real Broker, LLC 2626 Cole Avenue, Houston, TX

    Listing date Feb 6, 2026

    MLS# 1936733

    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.

    Overview

    Riverfront Land in Pipe Creek

    This is a rare opportunity to own 6.27 acres of riverfront land in the desirable Bandera Falls community. The tract fronts the scenic Medina River and is surrounded by mature trees, Hill Country views, and a peaceful natural setting. The property is located in a secluded neighborhood with access to the Bandera Falls River Park, offering a private river-access experience. The community is serviced by a community water system, providing an excellent opportunity to enjoy riverfront living on the Medina River. The zoning is residential.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Pipe Creek
    County
    Bandera
    State
    Texas
    Longitude
    -98.9
    Latitude
    29.6773

    Nearby Similar for Sale

    • $590,000

      Highway Frontage Land Opportunity

      10-acre tract with highway frontage, ideal for commercial ventures.
      14619 S State Highway 16, Pipe Creek, TX 78063
      View Details
    • $135,000

      Land in Texas Hill Country

      2.8 acres of land perfect for a custom home.
      CEDAR Hill RD, Pipe Creek, TX 78063
      View Details
    • $165,000
      435,600 SF

      Unrestricted Hill Country Acreage

      10-acre unrestricted tract with creek and panoramic views.
      LAKE VIEW TRL, Pipe Creek, TX 78063
      View Details
    • $249,900

      8.5 Acres in Pipe Creek

      Hill Country land with improvements, ready for your vision.
      Scenic Pass, Pipe Creek, TX 78063
      View Details
    • $720,000

      Residential Lots in Bandera Falls

      52 residential lots in a river-access community.
      English Crossing, Pipe Creek, TX 78063
      View Details
    • $110,000

      Residential Land in Cielo Rio

      Spacious lot with mature trees in gated community.
      Rio Circle lot: 7 Rio Circl, Pipe Creek, TX 78063
      View Details
    • $1,200,000

      Texas Hill Country View Retreat

      30-acre property with updated residence and scenic views.
      411 Valley View, Pipe Creek, TX 78063
      View Details
    • $115,000

      Texas Hill Country Land Parcel

      5-acre tract with views and building possibilities in Pipe Creek.
      LOT 195 Antler Run, Pipe Creek, TX 78063
      View Details
    • $249,000
      314,068 SF

      Secluded Land in Pipe Creek, TX

      7.21 acres in Pipe Creek, build your dream home!
      359 Bear Springs Trail, Pipe Creek, TX 78063
      View Details
    • $100,000

      Residential Land in Gated Community

      Two-acre lot in Cielo Rio Ranch with mature trees.
      Rio Azul lot: 12, Pipe Creek, TX 78063
      View Details
    • $99,600
      168,264 SF

      Acreage in Bandera Falls Community

      Hill Country retreat with river access in Pipe Creek, TX.
      Bluff View Dr, Pipe Creek, TX 78063
      View Details
    • $20,000

      Residential Land in Pipe Creek, TX

      Untouched land parcel with potential for residential or investment use.
      6TH St E, Pipe Creek, TX 78063
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 6.27 acres of riverfront land in Bandera Falls community.
    Where is this waterfront land located?
    The property is located at River Front Drive Pipe Creek, TX.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: 6.27 acres of riverfront land on the Medina River.; Located in the desirable Bandera Falls community.; Access to Bandera Falls River Park, offering a private river‑access experience.
    (214) 202-7615
    We can help!
    Listing Contact
    Cynthia Bull
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!