Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    506 Junction Hwy Kerrville, TX 78028

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,300,000

    Retail property available for purchase in Kerrville, Texas.

    Lot size:
    0.53 Acres

    Property Features for 506 Junction Hwy

    General Information

    Lot size
    0.53 Acres

    We can help!

    Listing Contact
    Roger Pencek
    Roger Pencek
    Source: Moodyscre

    Listing Agent: Roger Pencek

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Property For Sale

    This retail property is located at 506 Junction Hwy, Kerrville, TX. The property is suitable for retail and other retail purposes and is available for sale.
    Location Intelligence

    Current Use by Public Records

    Texpress Car Wash Car Wash Express Wash America Car Wash

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Kerrville
    County
    Kerr
    State
    Texas
    Longitude
    -99.159831
    Latitude
    30.056792

    Nearby Similar for Sale

    • $2,100,000
      3,027 SF

      Kerrville Ranch with Multiple Homes

      91-acre AG-exempt ranch near Kerrville with multiple dwellings.
      2000 Calcote Rd, Kerrville, TX 78028
      View Details
    • New
      $1,453,000
      2,622 SF

      Kerrville Home with Acreage

      Custom home on 11 acres with apartment and workshop.
      306 -- Charles Rd, Kerrville, TX 78028
      View Details
    • New
      $2,875,000
      5,509 SF

      Hill Country Retreat with Guest House

      Private, gated estate with main home, guest house, and barn.
      131 Bootlegger Ln, Kerrville, TX 78028
      View Details
    • $1,100,000
      1,134 SF

      Kerrville Commercial Property on 5.47 Acres

      Commercial property with retail office, high traffic, excellent visibility.
      581 Peterson Farm Rd, Kerrville, TX 78028
      View Details
    • $649,000
      3,318 SF

      Renovated Cottages in Kerrville, TX

      Renovated 3/2 cottage with additional industrial style bungalows.
      1524 N Water St, Kerrville, TX 78028
      View Details
    • $1,199,900
      4,645 SF

      Hill Country Multi-Family Haven

      Two homes on 21.34 acres, ideal for multi-generational living.
      377 Green Oak Dr, Kerrville, TX 78028
      View Details
    • $2,750,000
      10,812 SF

      Kerrville Commercial Property on Junction Hwy

      9.143 acre commercial property with frontage on Junction Hwy.
      1838 Junction Hwy, Kerrville, TX 78028
      View Details
    • $2,750,000
      10,812 SF

      Kerrville Commercial Property with Highway Frontage

      9.143-acre commercial property with income-producing tenants and development potential.
      1838 Junction Hwy, Kerrville, TX 78028
      View Details
    • $1,200,000
      11,368 SF

      Kerrville Commercial Building For Sale

      Commercial building near I-10/Hwy 16 intersection, suitable for multiple businesses.
      2125 Sidney Baker St, Kerrville, TX 78028
      View Details
    • $1,453,000
      3,952 SF

      Kerrville Dream Home on Acreage

      Custom home on 11 acres designed for entertaining and peaceful living.
      306 Charles Rd, Kerrville, TX 78028
      View Details
    • $450,000
      500 SF

      Guadalupe River Turnkey Rental Property

      Turnkey rental property on the Guadalupe River with five pads.
      2915 Riverside Dr, Kerrville, TX 78028
      View Details
    • $997,950
      974 SF

      Mixed-Use Property in Downtown Kerrville

      Mixed-use property with income potential and development upside.
      521-601 Clay St, Kerrville, TX 78028
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail property available for purchase in Kerrville, Texas.
    Where is this retail property located?
    The property is located at 506 Junction Hwy Kerrville, TX.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - Retail property; - Available for purchase; - Located in Kerrville, Texas
    (602) 787-1100
    Request Owner's contact information
    506 Junction Hwy Kerrville, TX 78028
    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.
    506 Junction Hwy
    Kerrville, TX 78028
    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
    506 Junction Hwy Kerrville, TX 78028
    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

    We can help!
    Listing Contact
    Roger Pencek
    Roger Pencek
    (602) 787-1100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.