Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land in Gated Community Title is generated by Realmo AI

    197 NW Rustler Rdg, Mountain Home, TX 78058

    View on Map
    Claim this Listing
    For Sale
    $389,000

    LAND - Mountain Home, TX

    Lot size:
    10.00 Acres
    Added:
    Jul 31, 2025
    Days on Market:
    292
    Last Refresh:
    May 18 at 11:06 am

    Property Features for 197 NW Rustler Rdg

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Lot size
    10.00 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Kasi Hennigan & Joseph Hennigan

    Listing agent Kasi Hennigan & Joseph Hennigan

    Listing office Keller Williams Realty - Kerrville 1112 Sidney Baker, San Antonio, TX

    Listing date Jul 31, 2025

    MLS# 119924 Listing URL

    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

    • 10‑acre cul‑de‑sac lot in a gated community offering privacy and seclusion.
    • Convenient location: Easy access to I‑10 and only 20 minutes from Kerrville or Harper.
    • High‑speed fiber internet and underground utilities are already in place.
    • Existing ag exemption provides lower property taxes.
    • Flexibility to build a barndominium or offer short‑term rentals (subject to restrictions).
    • Minimal restrictions with a 1,600 sq. ft. minimum for the main home.

    Overview

    This 10-acre residential lot is located within a new gated community. The property is situated on a cul-de-sac and features mature hardwood trees. Underground utilities, high-speed fiber internet, and paved roads are available. The location provides convenient access to I-10 and is approximately 20 minutes from Kerrville and Harper. The property has an existing ag exemption for lower taxes. A minimum of 1,600 sq. ft. is required for the main home. Barndominiums and short-term rentals are permitted. Hunting is prohibited within the community. The property is located in Mountain Home, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mountain Home
    County
    Kerr
    State
    Texas
    Longitude
    -99.3487
    Latitude
    30.242

    Nearby Similar for Sale

    • $724,900
      1,801 SF

      Versatile Ranch Property with Assumable Loan

      40-acre ranch with livestock pens, shelters, and assumable loan.
      455 NW Elkhorn Circle, Mountain Home, TX 78058
      View Details
    • $895,000

      Texas Hill Country Hunting Oasis

      79.44 acres, turnkey hunting property near Kerrville.
      465 Watkins Road, Mountain Home, TX 78058
      View Details
    • $480,000

      Prime Commercial Land I-10 Corner

      17.59 acres at I-10 and Hwy 41 in Mountain Home, TX.
      152 Hwy 41, Mountain Home, TX 78058
      View Details
    • $199,500

      6-Acre Land in Hideout Ranch

      6-acre tract in Hideout Ranch HOA with building potential.
      857 Brooklyn NW Drive lot: 6, Mountain Home, TX 78058
      View Details
    • $299,000

      Texas Hill Country 10-Acre Lot

      10 acres in Texas Hill Country near Mountain Home.
      Brooklyn Dr lot: 33, Mountain Home, TX 78631
      View Details
    • $199,000

      Land in Paloma Ranch

      6.44 acres of land with hardwoods near Kerrville.
      121 Paloma Ranch Rd, Mountain Home, TX 78058
      View Details
    • $149,900

      Mountain Home 5-Acre Lot

      5-acre lot for custom Hill Country home near Kerrville.
      Lot 16 -- Paloma Ranch Rd, Mountain Home, TX 78058
      View Details
    • $745,000

      YO Ranch Lands Hunting Ranch

      53.23 acre hunting ranch with various exotic animals.
      145 W Ibex Rd, Mountain Home, TX 78058
      View Details
    • $345,000

      Mountain Home Land For Sale

      Acreage in Mountain Home with well, electricity, and fiber.
      Rustler Rdg lot: 10, Mountain Home, TX 78058
      View Details
    • $1,348,620

      Texas Hill Country Legacy Ranch

      Rare opportunity to own a piece of historic Y.O. Ranch.
      TBD Y.O. Ranch Rd. NW, Mountain Home, TX 78058
      View Details
    • $1,239,735

      Historic Y.O. Ranch Land

      118-acre ranch within the historic Y.O. Ranch Headquarters.
      TBD Y O Ranch Road Northwest, Mountain Home, TX 78058
      View Details
    • $149,900

      Serene 5-Acre Hill Country Lot

      Build your dream home in a tranquil, accessible location.
      Paloma Ranch Rd lot: 16, Mountain Home, TX 78058
      View Details

    FAQs

    What type of property is this?
    Land - 10-acre residential lot in a new gated community.
    Where is this land located?
    The property is located at 197 NW Rustler Rdg Mountain Home, TX.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: 10‑acre cul‑de‑sac lot in a gated community offering privacy and seclusion.; Convenient location: Easy access to I‑10 and only 20 minutes from Kerrville or Harper.; High‑speed fiber internet and underground utilities are already in place.
    (830) 353-7300
    We can help!
    Listing Contact
    Kasi Hennigan & Joseph Hennigan
    Learn More
    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
    197 NW Rustler Rdg, Mountain Home, TX 78058
    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!