Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Updated Office Suite in Fredericksburg Title is generated by Realmo AI

    1121 S State Hwy 16, Fredericksburg, TX 78624

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    COMMERCIAL - Fredericksburg, TX

    Lot size:
    0.75 Acres
    Added:
    Oct 24, 2024
    Days on Market:
    577
    Last Refresh:
    May 23 at 3:06 pm

    Property Features for 1121 S State Hwy 16

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    COMM
    Standard status
    Active
    Lot size
    0.75 Acres

    We can help!

    Listing Contact
    Cloe Sill
    Cloe Sill

    Listing agent Cloe Sill License #0667189

    Listing office Sill Realty LLC 1121 S State Hwy 16, Suite 575, San Antonio, TX

    Listing date Oct 24, 2024

    MLS# 94199

    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

    • Great location
    • Updated professional private suite
    • Common spaces include 3 large conference rooms with casting screens
    • Perfect for Google verification location
    • Plenty of parking
    • Common spaces include 4 restrooms and 2 kitchenettes

    Overview

    This updated professional private suite is located on the bottom floor. Common spaces include 3 large conference rooms equipped with casting screens for meetings, 4 restrooms, and 2 kitchenettes. The property offers ample parking. It is situated in a great location and is suitable for a Google verification location and a full-time work office. The property is located in Fredericksburg, Texas, within Gillespie County. The lot size is 0.75 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mesa Tattoo Studio Tattoo & Piercing Shop FBG Engineering General Contractor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Gillespie
    State
    Texas
    Longitude
    -98.886135
    Latitude
    30.257993

    Nearby Similar for Lease

    • Contact for pricing

      Versatile Commercial Space, Fredericksburg, TX

      Flexible commercial space with display areas and private room.
      609 W Main St, Fredericksburg, TX 78624
      View Details
    • Contact for pricing
      3,200 SF

      Fredericksburg Commercial Space For Lease

      3200 sq ft commercial space in the heart of Fredericksburg.
      1603 E Main St, Fredericksburg, TX 78624
      View Details
    • Contact for pricing

      Fredericksburg Commercial Space For Rent

      Commercial space available for rent in Fredericksburg, Texas.
      505 N Llano St, Fredericksburg, TX 78624
      View Details
    • Contact for pricing
      5,500 SF

      Fredericksburg Office Space For Rent

      Office space available in Fredericksburg, Texas.
      805 W Main St, Fredericksburg, TX
      View Details
    • $7,500/Mo

      Texas Wine Corridor Venue

      Lease opportunity in the Texas wine corridor near Fredericksburg.
      394 Ranch Road 1376, Fredericksburg, TX, 78624-7447
      View Details
    • Contact for pricing

      Flexible Office Space in Fredericksburg

      Shared office space with modern amenities and flexible lease terms.
      97 Hitching Post, Fredericksburg, TX 78624
      View Details
    • Contact for pricing
      5,100 SF

      Highway 290 Retail Outparcel

      1.91-acre outparcel near Walmart Supercenter with high visibility.
      1455 East Main Street, Fredericksburg, TX, 78624
      View Details
    • Contact for pricing

      Historic Fredericksburg Commercial Gem

      Prime commercial property with historic charm and flexible possibilities.
      421 W Main St, Fredericksburg, TX 78624
      View Details
    • Contact for pricing

      Retail Space Across From H-E-B

      Versatile retail space with excellent visibility in Fredericksburg, TX.
      104 East Ufer Street, Fredericksburg, TX, 78624
      View Details
    • Contact for pricing

      Updated Office Suite in Fredericksburg

      Professional office suite with shared conference rooms and kitchenettes.
      1121 S State Hwy 16, Fredericksburg, TX 78624
      View Details
    • Contact for pricing

      Updated Office Suite in Fredericksburg

      Professional office suite with shared amenities in a prime location.
      1121 S State Hwy 16, Fredericksburg, TX 78624
      View Details
    • Contact for pricing
      2,010 SF

      Fredericksburg Retail Space with Drive-Thru

      2,010 SF retail space with drive-thru in Fredericksburg, TX.
      514 Friendship Ln, Fredericksburg, TX
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office suite with shared amenities in a great location.
    Where is this office units located?
    The property is located at 1121 S State Hwy 16 Fredericksburg, TX.
    What are key features of this property?
    This property features: Great location; Updated professional private suite; Common spaces include **3 large conference rooms with casting screens**
    (512) 290-5370
    We can help!
    Listing Contact
    Cloe Sill
    Cloe Sill
    Real Estate License ID: 0667189
    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

    Thank You for Inquiry
    1121 S State Hwy 16, Fredericksburg, TX 78624
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!