Warehouse with Covered Work
For Sale
$674,000
139 Sky Trail, Harper, TX 78631
Land, Harper, TX
Property Size5,000 SF
Lot Size6.95 Acres
Price / SF$134.80
Days on Market51
Property Features for 139 Sky Trail
General Information
Property type
Land
Property subtype
Other
Subdivision
Kristens Hill
Lot features
Rural Subdivision, Single Family Residential, Native Pasture
Elementary school district
Harper
Middle school district
Harper
High school district
Harper
Standard status
Active
Lot size
6.95 Acres
Taxes and HOA fees
Tax Annual Amount
3491
Utilities
Sewer type
Septic Tank
Water source
Well
Amenities
covered area
concrete area
Listing Agency:
Fredericksburg Realty
(830) 997-6531
Listed By:
Krista Bennett · License #622568
(830) 998-0633
Added: Aug 18
Changed: Aug 23
Last Checked: Oct 7 at 11:06AM
MLS# 105166
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.
Investment Insights
Based on property information with market context.
This warehouse property occupies 6.95 acres and includes a metal shop with approximately 5000 SF of open interior space, high ceilings, concrete flooring, overhead access, and extensive lighting. A two-story unfinished apartment of approximately 1500 SF is incorporated within the building. Along the west side, approximately 2,500 SF of covered area extends from the shop, while surrounding concrete provides space for parking, trailers, recreational vehicles, equipment, and outdoor projects.
The property is located approximately 3 miles from Harper and US Highway 290, 11 miles from I-10, 18 miles from Kerrville, and 25 miles from Fredericksburg. Infrastructure includes a private well, septic system, and CTEC electric service. The remaining acreage provides additional open ground beyond the developed improvements.
The property is located approximately 3 miles from Harper and US Highway 290, 11 miles from I-10, 18 miles from Kerrville, and 25 miles from Fredericksburg. Infrastructure includes a private well, septic system, and CTEC electric service. The remaining acreage provides additional open ground beyond the developed improvements.
Key Highlights
- 6.95‑acre warehouse property with substantial improvements
- Approximately 5000 SF metal shop with high ceilings, concrete flooring, overhead access, and interior lighting
- Two‑story unfinished apartment of approximately 1500 SF within the shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,266
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,320
$625.3K
Cap Rate 7%
$446,657
$446.7K
Cap Rate 9%
$347,400
$347.4K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$40.2K $8.04/SF
− Vacancy
−$3.4K −$0.68/SF
EGI
$36.8K $7.36/SF
− OpEx
−$5.5K −$1.10/SF
NOI
$31.3K $6.25/SF
Area
Gillespie County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,320
Cap Rate 7%
$446,657
Cap Rate 9%
$347,400
Alternative Uses
Best Use
Warehouse
$446.7K
$390.8K – $521.1K
NOI $31,266 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.79M
$3.31M – $4.42M
NOI $265,050 @ 7.0% cap · market cap 39.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78631, TX
2,698
Population
1,462
Households
1.8
Avg Household Size
52
Median Age
20%
College-Educated
88%
High-School Grad
299.8 sq mi
ZIP Area
9
Density / Sq Mi
$73,646
Median Household Income
$40,699
Median Earnings
$1,188
Median Rent
$339,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Metal warehouse with unfinished apartment space, concrete work areas, and private well and septic infrastructure.
Where is this warehouse located?
The property is located at 139 Sky Trail Harper, TX.
What is the asking price?
The asking price for this property is $674,000.
What are key features of this property?
This property features: 6.95‑acre warehouse property with substantial improvements; Approximately 5000 SF metal shop with high ceilings, concrete flooring, overhead access, and interior lighting; Two‑story unfinished apartment of approximately 1500 SF within the shop
