Creekfront Short-Term Rental
New
For Sale
$995,000
10279 Us Hwy 290, Fredericksburg, TX 78624
Six guest cabins are situated near the Hwy 290 Wine Corridor in the Texas Hill Country.
Property Size4,608 SF
Lot Size8.95 Acres
Price / SF$215.93
Days on Market6
Property Features for 10279 Us Hwy 290
General Information
Standard status
Active
Size
4,608 SF
Lot size
8.95 Acres
Additional Details
Multifamily Units
6
Building Details
Year Built
2003
Buildings
6
Listing Agency:
Fore Premier Properties
Listed By:
Laura Fore · License #TREC#0557049
(830) 257-4000
Source:
Sarahildebrandaguilera
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 6 at 12:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fore Premier Properties
Investment Insights
Based on property information with market context.
Set on 8.95 acres, this short-term rental property includes six guest cabins, each served by an individual septic system. The property was built in 2003 and has mature landscaping along Grape Creek, with 740 feet of creek frontage.
The site is 9 miles from Fredericksburg and near wineries, tasting rooms, and destinations along the Hwy 290 Wine Corridor.
The site is 9 miles from Fredericksburg and near wineries, tasting rooms, and destinations along the Hwy 290 Wine Corridor.
Key Highlights
- 8.95‑acre property with six guest cabins
- 740 feet of Grape Creek frontage
- Each cabin has its own septic system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,384
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,680
$647.7K
Cap Rate 7%
$462,629
$462.6K
Cap Rate 9%
$359,822
$359.8K
Market Conditions
NOI Build-Up for 4,608 SF
Gross rent
$66.9K $14.52/SF
− Vacancy
−$8.0K −$1.74/SF
EGI
$58.9K $12.78/SF
− OpEx
−$26.5K −$5.75/SF
NOI
$32.4K $7.03/SF
Area
Gillespie County, TX
Vacancy
12.00%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,680
Cap Rate 7%
$462,629
Cap Rate 9%
$359,822
Alternative Uses
Best Use
Apartment 5plus
$462.6K
$404.8K – $539.7K
NOI $32,384 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.49M
$3.05M – $4.07M
NOI $244,270 @ 7.0% cap · market cap 24.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 78624, TX
23,080
Population
12,421
Households
1.9
Avg Household Size
52
Median Age
37%
College-Educated
89%
High-School Grad
742.3 sq mi
ZIP Area
31
Density / Sq Mi
$67,987
Median Household Income
$37,047
Median Earnings
$1,347
Median Rent
$439,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Six guest cabins are situated near the Hwy 290 Wine Corridor in the Texas Hill Country.
Where is this short term rental property located?
The property is located at 10279 Us Hwy 290 Fredericksburg, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 8.95‑acre property with six guest cabins; 740 feet of Grape Creek frontage; Each cabin has its own septic system
