Prime Commercial Business
10034 10046 E US Hwy 290, Fredericksburg, TX 78624
COMMERCIAL - Fredericksburg, TX
Property size:
20,000 SFLot size:
5.00 AcresPrice / SF:
$222/SF- Added:
- Jan 27, 2026
- Days on Market:
- 115
- Last Refresh:
- May 22 at 7:06 pm
Property Features for 10034 10046 E US Hwy 290
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 20,000 SF
- Lot size
- 5.00 Acres
Taxes and HOA fees
- Tax Annual Amount
- 20922
Listing agent Sarah Wanek License #0704968 (830) 998-5884
Listing office Reata Ranch Realty, LLC 408 N Llano St., Fredericksburg, TX (830) 992-3045
Listing date Jan 27, 2026
MLS# 100568
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.
HighLights
- Prime location on the highly traveled US‑290 Wine Corridor in Texas Wine Country.
- Approximately 5 unrestricted acres with potential for expansion.
- Existing 20,000 sq ft of building space with tenants in place, providing immediate income.
- Direct frontage and access from US‑290, offering high visibility and traffic exposure.
- Unrestricted zoning allows for flexible commercial uses and redevelopment opportunities.
- Well and septic systems are already in place.
Overview
This commercial business park is strategically located along the US-290 Wine Corridor. The property includes approximately 5 unrestricted acres. The existing building space is approximately 20,000 square feet, configured across multiple structures. Tenants are currently in place. The improvements are suited for light industrial, warehouse, flex space, artisan production, service-based businesses, and retail support. The site benefits from traffic exposure and brand visibility with direct frontage and access from US-290. Well and septic systems are in place. The unrestricted zoning allows new ownership to maintain the current income model, reposition the asset, or pursue redevelopment opportunities tailored to market demand. Potential uses include expanded commercial leasing, wine-adjacent businesses, hospitality support services, storage, showroom space, or a custom owner-user headquarters with additional income streams. The property is located in Fredericksburg, TX.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$3.30M
NOI $296,890 @ 9.00% cap · cautious / downside scenario
Moderate
$4.24M
NOI $296,890 @ 7.00% cap · market / base-case scenario
Aggressive
$5.94M
NOI $296,890 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $451.2k | $22.56 |
| − Vacancy | −$27.1k | −$1.35 |
| EGI | $424.1k | $21.21 |
| − OpEx | −$127.2k | −$6.36 |
| NOI | $296.9k | $14.84 |
20,000 SF · lease $22.56/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$4.24M
$3.71M – $4.95M
NOI $296,890 @ 7.0% cap · market cap 6.67%
Second Best
Flex RnD
$2.35M
$2.05M – $2.74M
NOI $164,155 @ 7.0% cap · market cap 3.69%
Theoretical Best
Hotel Hospitality
$15.15M
$13.25M – $17.67M
NOI $1,060,200 @ 7.0% cap · market cap 23.83%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Map
- City
- Fredericksburg
- County
- Gillespie
- State
- Texas
- Longitude
- -98.7311136
- Latitude
- 30.224098
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Income-producing commercial park in Texas Wine Country.
Where is this mixed-use property located?
The property is located at 10034 10046 E US Hwy 290 Fredericksburg, TX.
What is the asking price?
The asking price for this property is $4,449,900.
What are key features of this property?
This property features: Prime location on the highly traveled US‑290 Wine Corridor in Texas Wine Country.; Approximately 5 unrestricted acres with potential for expansion.; Existing 20,000 sq ft of building space with tenants in place, providing immediate income.
