Vineyard and Event
10207 E Hwy 290 Fredericksburg, TX 78624
10207 E Hwy 290, Fredericksburg, TX, 78624
$3,600,000
For Sale
$3,600,000
COMMERCIAL - Fredericksburg, TX
Property Size3,849 SF
Lot Size23.70 Acres
Price / SF$935.31
Days on Market42
Property Features for 10207 E Hwy 290
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Security features
- Security System
- Exterior features
- Lighting, Storage
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 3,849 SF
- Lot size
- 23.70 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Well
- Water front features
- Creek
Building Details
- Year built
- 1996
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Tile
- Building materials
- Rock Veneer, Stucco
- Roof type
- Metal, Tile
- Additional Structures
- Storage
Listing Agency
Fore Premier Properties
(830) 257-4000
804 Water St., TX
Listed by
Laura Fore · License #TREC#0557049
(830) 459-4000
Added: Jun 8 Checked: Jul 19 at 6:06 pm
MLS# 124442
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.
Investment Insights
Based on property information with market context.
This Texas Hill Country estate spans 23.7 acres and combines vineyard production space with established hospitality improvements. The property includes approximately 15 acres suited for agricultural use, with fertile soils, irrigation, fenced pastures, ag exemption, and planted grape varietals. A state-permitted high-capacity public water supply system is supported by a 200 GPM well with a permit to pump up to 4.56 million gallons annually. Existing structures include a renovated 2,400-square-foot tasting room, a 3,196-square-foot luxury event venue, and a 2,975-square-foot open limestone patio. Overnight accommodations include six guest cabins and two guest apartments, along with a 2,149-square-foot two-story residence and an additional manufactured home. Storage buildings, outbuildings, and ample parking for cars and buses support current operations.
The property benefits from significant frontage, including more than 500 feet along US Hwy 290 and 740 feet along scenic Grape Creek. Utility and on-site infrastructure includes one commercial septic system and two residential septic systems supporting existing uses.
For buyers and operators, the blend of planted vineyard acreage, permitted water capacity, and purpose-built event and lodging facilities supports a hospitality-forward ag use. The layout and infrastructure also provide a workable platform for continued agricultural operations and expanded guest services within the existing improvement set.
The property benefits from significant frontage, including more than 500 feet along US Hwy 290 and 740 feet along scenic Grape Creek. Utility and on-site infrastructure includes one commercial septic system and two residential septic systems supporting existing uses.
For buyers and operators, the blend of planted vineyard acreage, permitted water capacity, and purpose-built event and lodging facilities supports a hospitality-forward ag use. The layout and infrastructure also provide a workable platform for continued agricultural operations and expanded guest services within the existing improvement set.
Key Highlights
- 23.7‑acre Hill Country estate with 500'+ frontage on US Hwy 290 and 740' of frontage on Grape Creek
- State‑permitted high‑capacity public water supply system: 200 GPM well, permit up to 4.56 million gallons annually
- 15 acres suited for agricultural use with irrigation, fenced pastures, ag exemption, and planted grape varietals
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $461.9k | $120.00 |
| − Vacancy | −$32.3k | −$8.40 |
| EGI | $429.5k | $111.60 |
| − OpEx | −$225.5k | −$58.59 |
| NOI | $204.0k | $53.01 |
3,849 SF · lease $120.00/SF/yr · vacancy 7.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$2.91M
$2.55M – $3.40M
NOI $204,035 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Vineyards
Similar For Sale Nearby
FAQs
What type of property is this?
Vineyard - Hill Country wine trail estate with vineyard acreage, state-permitted water capacity, and renovated tasting and event facilities.
Where is this vineyard located?
The property is located at 10207 E Hwy 290 Fredericksburg, TX.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 23.7‑acre Hill Country estate with 500'+ frontage on US Hwy 290 and 740' of frontage on Grape Creek; State‑permitted high‑capacity public water supply system: 200 GPM well, permit up to 4.56 million gallons annually; 15 acres suited for agricultural use with irrigation, fenced pastures, ag exemption, and planted grape varietals
