Creekfront Resort
10279 Hwy 290, Fredericksburg, TX 78624
For Sale
$995,000
Commercial Sale, Fredericksburg, TX
Property Size4,608 SF
Lot Size8.95 Acres
Price / SF$215.93
Days on Market47
Property Features for 10279 Hwy 290
General Information
Property type
Property subtype
Exterior features
Lot features
Elementary school
Subdivision
Standard status
Size
Lot size
Utilities
Heating system
Cooling system
Water source
Water front features
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Additional Structures
Buildings
Listing Agency:
Fore Premier Properties
(830) 257-4000
Listed By:
Laura Fore · License TX #0557049
(830) 459-4000
Added: Sep 29
Changed: Oct 25
Last Checked: Nov 14 at 1:06AM
MLS# 125563
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.
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Investment Insights
Based on property information with market context.
This 8.95-acre resort property includes six guest cabins and 4,608 square feet of building area. Each cabin has its own septic system. Property features include creek frontage, a well water source, wood siding, and a metal roof. The cabins were built in 2010.
Grape Creek borders the property for 740 feet. The site is 9 miles from Fredericksburg and is located near wineries, tasting rooms, and destinations along the Hwy 290 Wine Corridor.
Grape Creek borders the property for 740 feet. The site is 9 miles from Fredericksburg and is located near wineries, tasting rooms, and destinations along the Hwy 290 Wine Corridor.
Key Highlights
- Six guest cabins, each with an individual septic system
- 8.95‑acre property with 4,608 square feet of building area
- 740 feet of Grape Creek frontage
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
Office A
$1.30M
$1.14M – $1.52M
NOI $90,908 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Resort - Six guest cabins are each served by an individual septic system.
Where is this resort located?
The property is located at 10279 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: Six guest cabins, each with an individual septic system; 8.95‑acre property with 4,608 square feet of building area; 740 feet of Grape Creek frontage
