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    Commercial Park in Texas Wine Country Title is generated by Realmo AI

    10046 US-290, Fredericksburg, TX 78624

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    Income-producing commercial park on 5 acres in Texas Hill Country.

    Type:Industrial, Mixed Use, Retail, Self Storage
    Property size:
    24,000 SF
    Lot size:
    5.00 Acres
    Price / SF:
    $216/SF
    Added:
    Mar 6, 2025
    Days on Market:
    478
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 10046 US-290

    General Information

    Standard status
    Active
    Size
    24,000 SF
    Lot size
    5.00 Acres
    Property subtype
    Industrial, Mixed Use, Retail, Self Storage

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    Michele
    Michele "Mitch" Smith

    Listing office Reata Ranch Realty, LLC

    Listing date Mar 6, 2025

    Source Crexi

    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 Reata Ranch Realty, LLC

    HighLights

    • Prime location on the highly traveled US‑290 Wine Corridor in Texas Wine Country.
    • Approximately 5 unrestricted acres with potential for expansion.
    • Existing 20,000± square feet of building space with tenants in place, providing immediate income.
    • Direct frontage and access from US‑290, offering high visibility and traffic exposure.
    • Unrestricted zoning allows for flexible use and redevelopment opportunities.
    • Well and septic systems are already in place.

    Overview

    This income-producing commercial business park is strategically positioned along the US-290 Wine Corridor. The property offers approximately 5 unrestricted acres in the Texas Hill Country. Surrounded by wineries, tasting rooms, and destination venues, the property delivers visibility, accessibility, and long-term investment appeal. The property features approximately 20,000 square feet of existing building space, configured across multiple structures, with tenants currently in place, providing cash flow and stabilized income. Improvements are suited for a variety of commercial uses, including light industrial, warehouse, flex space, artisan production, service-based businesses, and retail support for the surrounding wine and tourism industry. With direct frontage and access from US-290, the site benefits from traffic exposure and brand visibility. Well and septic systems are in place. The unrestricted zoning offers flexibility, allowing new ownership to maintain the current income model, reposition the asset, or pursue redevelopment opportunities tailored to market demand. Potential uses include expanded commercial leasing, wine-adjacent businesses, hospitality support services, storage, showroom space, or a custom owner-user headquarters with additional income streams. The property size is approximately 24,000 square feet.

    Local Financial Insights For Retail

    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 $541.4k $22.56
    − Vacancy −$32.5k −$1.35
    EGI $509.0k $21.21
    − OpEx −$152.7k −$6.36
    NOI $356.3k $14.84
    24,000 SF · lease $22.56/SF/yr · vacancy 6.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $5.09M
    $4.45M – $5.94M (±1% cap)
    NOI $356,268 @ 7.0% cap · market cap 6.85%
    Second Best
    Flex RnD
    $2.81M
    $2.46M – $3.28M (±1% cap)
    NOI $196,986 @ 7.0% cap · market cap 3.79%
    Theoretical Best
    Hotel Hospitality
    $18.17M
    $15.90M – $21.20M (±1% cap)
    NOI $1,272,240 @ 7.0% cap · market cap 24.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Gillespie
    State
    Texas
    Longitude
    -99.027328
    Latitude
    30.296438

    FAQs

    What type of property is this?
    Mixed-use property - Income-producing commercial park on 5 acres in Texas Hill Country.
    Where is this mixed-use property located?
    The property is located at 10046 US-290 Fredericksburg, TX.
    What is the asking price?
    The asking price for this property is $5,199,900.
    What are key features of this property?
    This property features: Prime location on the highly traveled US‑290 Wine Corridor in Texas Wine Country.; Approximately 5 unrestricted acres with potential for expansion.; Existing 20,000± square feet of building space with tenants in place, providing immediate income.
    (325) 347-4702 Call to check price and availability
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