Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fredericksburg Historic District City Lot Title is generated by Realmo AI

    213 W Centre St, Fredericksburg, TX 78624

    View on Map
    Claim this Listing
    New
    For Sale
    $275,000

    City, City Lots - Fredericksburg, TX

    Lot size:
    0.21 Acres
    Added:
    May 8, 2026
    Days on Market:
    4
    Last Refresh:
    May 11 at 6:06 am

    Property Features for 213 W Centre St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Exterior features
    None
    Standard status
    Active
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2707

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lucas Barnett

    Listing agent Lucas Barnett

    Listing office Berkshire Hathaway HomeServices Hill Country Properties 616 Front St, Comfort, TX

    Listing date May 8, 2026

    MLS# 104432 Listing URL

    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.

    HighLights

    • Prime location in Fredericksburg's Historic District.
    • Level city lot measuring 50' x 178.5' (approx. 8,925 SF / 0.205 ac).
    • Alley access along the rear for enhanced parking/garage access.
    • Close proximity to shopping, dining, and downtown Fredericksburg.
    • Opportunity to purchase individually or as part of a package deal with side‑by‑side lots.
    • Flexible site planning potential.

    Overview

    Located in Fredericksburg's Historic District, this level city lot measures approximately 50' x 178.5', totaling around 8,925 square feet or 0.205 acres. The property benefits from alley access at the rear, which allows for enhanced parking, garage access, and flexible site planning. Situated in a prime in-town location, it is close to shopping, dining, and the downtown area of Fredericksburg. The zoning is R-1. Interested parties should verify zoning regulations, Historic District guidelines, utilities, and development requirements. There is a potential opportunity to acquire both side-by-side lots for a wider footprint.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Gillespie
    State
    Texas
    Longitude
    -98.8690403
    Latitude
    30.2818072

    Nearby Similar for Sale

    • $998,000
      1,890 SF

      Historic Cherry Spring Dance Hall

      Texas music landmark on 9.67 acres near Fredericksburg.
      17662 US Highway 87, Fredericksburg, TX 78624
      View Details
    • $999,995

      Fredericksburg Commercial Redevelopment Opportunity

      Value-add or redevelopment opportunity near Main Street in Fredericksburg, TX.
      405 S Washington St, Fredericksburg, TX 78624
      View Details
    • $1,500,000

      Established Pet Care Business

      Turnkey pet care and grooming facility on 4.1 acres.
      59 Segner Rd, Fredericksburg, TX 78624
      View Details
    • $375,000
      1,300 SF

      Fredericksburg Commercial Opportunity For Sale

      0.544 acre commercial lot with C-1 zoning.
      131 W Lower Crabapple Rd, Fredericksburg, TX 78624
      View Details
    • $199,000
      4,356 SF

      Hill Country Resort Lot

      Corner lot in luxury RV and tiny home resort.
      5386 RANCH ROAD 1376 #372, Fredericksburg, TX 78624
      View Details
    • $149,000
      4,356 SF

      Hill Country Resort Lot

      Resort lot in award-winning Fredericksburg RV and tiny home resort.
      5386 RANCH ROAD 1376 #374, Fredericksburg, TX 78624
      View Details
    • $199,000
      4,791 SF

      Hill Country Resort Lot

      Corner lot in luxury RV and tiny home resort.
      5386 RANCH ROAD 1376 #364, Fredericksburg, TX 78624
      View Details
    • $175,000
      4,356 SF

      Fredericksburg Land with Resort Amenities

      RV resort lot with amenities near wineries and shopping.
      5386 Ranch Road 1376 Lot 149, Fredericksburg, TX 78624
      View Details
    • $399,500

      Fredericksburg Commercial Property For Sale

      Commercial property with C-1 zoning suitable for various business uses.
      809 N Llano St, Fredericksburg, TX 78624
      View Details
    • $3,500,000
      4,550 SF

      Texas Hill Country Redevelopment Opportunity

      Versatile 60-acre property near Fredericksburg with redevelopment potential.
      1213 Kott Rd, Fredericksburg, TX 78624
      View Details
    • $850,000
      2,352 SF

      Fredericksburg Investment Opportunity on Ranch Road

      10.5-acre unrestricted property ideal for hospitality or short-term rental.
      8451 Ranch Road 965, Fredericksburg, TX 78624
      View Details
    • $659,000

      Prime Commercial Lot Near Main

      Exceptional commercial lot in Fredericksburg's vibrant downtown.
      105 N Orange St, Fredericksburg, TX 78624
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare lot in historic district, close to downtown amenities.
    Where is this residential land & home lot located?
    The property is located at 213 W Centre St Fredericksburg, TX.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Prime location in Fredericksburg's Historic District.; Level city lot measuring 50' x 178.5' (approx. 8,925 SF / 0.205 ac).; Alley access along the rear for enhanced parking/garage access.
    (830) 510-1957
    We can help!
    Listing Contact
    Lucas Barnett
    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
    213 W Centre St, Fredericksburg, TX 78624
    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!