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    1700 Water St, Kerrville, TX 78028

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    For Sale
    $2,200,000

    SINGLE_FAMILY - Kerrville, TX

    Type:Retail
    Property size:
    14,079 SF
    Lot size:
    1.75 Acres
    Price / SF:
    $156/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 1700 Water St

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    MU
    Exterior features
    Lighting, Storage
    Standard status
    Active
    Size
    14,079 SF
    Lot size
    1.75 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Number of units
    4
    Building materials
    HardiPlank Type, Metal Siding, Stucco, Wood Siding
    Roof type
    Flat, Composition
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Laura Fore
    Laura Fore

    Listing agent Laura Fore License #TREC#0557049

    Listing office Fore Premier Properties 804 Water St., TX

    Listing date Jun 3, 2026

    MLS# 124578

    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.

    HighLights

    • 1.75‑acre multi‑tenant commercial property on multiple contiguous parcels along Water Street, Broadway, and G Street
    • Public water and public sewer available
    • Central heating and central air with electric and central systems
    • Roof types include flat and composition
    • Exterior includes lighting and storage; construction materials include HardiPlank type, metal siding, stucco, and wood siding
    • Current tenant roster includes Blue Roan Coffee Co., STP&S Benjamin Moore Paints, East End Vintage Market, and East End Pizza Co. (businesses not for sale; real estate only)

    Overview

    This multi-tenant retail strip totals 1.75 acres and approximately 14,079 square feet, arranged across multiple contiguous parcels. The property features established storefront space currently occupied by a mix of local businesses, including Blue Roan Coffee Co., STP&S Benjamin Moore Paints, East End Vintage Market, and East End Pizza Co. The offering is for the real estate only, and the businesses are not for sale.

    The property is positioned along one of Kerrville’s most recognizable and evolving commercial corridors, with frontage along Water Street, Broadway, and G Street. It is presented as a stabilized income-producing asset with established tenancy already in place, supported by prominent frontage and in-town visibility.

    For buyers or investors seeking a retail purchase with current operations in place, this configuration provides multiple rental streams through an existing tenant mix. With frontage spanning several streets and established improvements included in the real estate offering, it may also appeal to parties evaluating options for continued property management, redevelopment, expansion, or repositioning consistent with the property’s existing multi-tenant setup. Zoning is MU.
    Property Profile Location Intelligence

    Current Use by Public Records

    Monroe's East End ... Restaurant Black Jack BBQ Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kerrville
    County
    Kerr
    State
    Texas
    Longitude
    -99.1355689
    Latitude
    30.0355367

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    FAQs

    What type of property is this?
    Strip mall - For-sale multi-tenant retail property on a high-traffic in-town corridor with established businesses in place.
    Where is this strip mall located?
    The property is located at 1700 Water St Kerrville, TX.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 1.75‑acre multi‑tenant commercial property on multiple contiguous parcels along Water Street, Broadway, and G Street; Public water and public sewer available; Central heating and central air with electric and central systems
    (830) 459-4000
    We can help!
    Listing Contact
    Laura Fore
    Laura Fore
    Real Estate License ID: TREC#0557049
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    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.

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