Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    5 Acres Near Main Street Title is generated by Realmo AI

    259 Klenin Place lot 7, Fredericksburg, TX 78624

    View on Map
    Claim this Listing
    For Sale
    $475,000

    LAND - Fredericksburg, TX

    Lot size:
    5.00 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    50
    Last Refresh:
    May 26 at 11:06 am

    Property Features for 259 Klenin Place lot 7

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7975

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Leonardo Noriega

    Listing agent Leonardo Noriega

    Listing office eXp Realty LLC / Tinsley Realty Group 817 Sidney Baker Street, Kerrville, TX

    Listing date Apr 7, 2026

    MLS# 104185 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

    • 5 Acres of Land
    • Less than 4 miles from Main Street
    • Ready to build your dream home
    • Gorgeous country and distant hill views
    • Minimal Restrictions
    • Electricity Available

    Overview

    This is a 5-acre tract of coastal field land situated less than 4 miles from Main Street in Fredericksburg, Texas. The level lot is suitable for building a home and offers views of the surrounding countryside and distant hills. The property is located in Gillespie County and has minimal restrictions, allowing for various possibilities. The land is located at 259 Klenin Place lot: 7, Fredericksburg, TX 78624.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fredericksburg
    County
    Gillespie
    State
    Texas
    Longitude
    -98.8355864
    Latitude
    30.3055336

    Nearby Similar for Sale

    • $875,000

      Historic Renovated Home on Acreage

      Renovated historic home on 1.5 acres near downtown Fredericksburg.
      1461 S US Hwy 87, Fredericksburg, TX 78624
      View Details
    • $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
    • $5,449,000
      6,100 SF

      Fredericksburg Event Center and Lodge

      Turnkey event center and lodge near Luckenbach, Texas.
      146 Pehl Farm Lane, Fredericksburg, TX 78624
      View Details
    • $1,699,000
      4,500 SF

      Fredericksburg Warehouse on Unrestricted Land

      Versatile warehouse on 2.52 unrestricted acres near Fredericksburg, TX.
      37 Royal Oaks Loop, 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
    • $1,785,000

      Historic Fredericksburg Home For Sale

      Restored historic stone home near Main Street and Market Platz.
      125 W San Antonio St, 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
    • $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
    • $835,000
      2,352 SF

      10.5 Acres on Ranch Road

      Unrestricted land with development potential near Enchanted Rock.
      8451 Ranch Road 965, Fredericksburg, TX 78624
      View Details
    • $699,000
      1,432 SF

      Charming Victorian Gem in Fredericksburg

      1920s Victorian with STR permit, near Main Street.
      303 W Austin St, Fredericksburg, TX 78624
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for sale near downtown Fredericksburg, Texas.
    Where is this residential land & home lot located?
    The property is located at 259 Klenin Place lot 7 Fredericksburg, TX.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 5 Acres of Land; Less than 4 miles from Main Street; Ready to build your dream home
    (830) 456-3158
    We can help!
    Listing Contact
    Leonardo Noriega
    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
    259 Klenin Place lot: 7, 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!