Historic Hotel with Guest
New
For Sale
$2,995,000
320 W Main St, Fredericksburg, TX 78624
Four grandfathered lodging permits accompany the guest accommodations and separate commercial area.
Property Size3,798 SF
Lot Size0.48 Acres
Price / SF$788.57
Days on Market2
Property Features for 320 W Main St
General Information
Standard status
Active
Size
3,798 SF
Lot size
0.48 Acres
Property subtype
Commercial
Additional Details
Mixed-Use Components
hospitality, commercial
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$28,825
Amenities
rear yard
courtyards
rear parking
covered gallery porch
mature trees
historic cellar
Building Details
Year Built
1895
Buildings
1
Construction
limestone
Listing Agency:
Fredericksburg Realty
Listed By:
Justin Cop · License #TREC#613372-B
(830) 998-2895
Source:
Kellyjogonzalez
Added: Oct 30
Last Checked: Oct 30 at 3:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fredericksburg Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This circa-1895 hotel occupies 3,798 square feet on 0.48 acres and includes four guest suites, each with a private bathroom, plus additional commercial space. Limestone and pioneer stone construction, exposed stone walls, high ceilings, wood flooring, and original architectural details define the interiors. A second-story covered porch faces Main Street, while the grounds include a rear yard, courtyard areas, mature trees, rear parking, and a historic cellar.
The property is at 320 W Main St in Fredericksburg, within walking distance of restaurants, wineries, shops, galleries, and local attractions. Four grandfathered lodging permits are in place. The existing accommodation and separate commercial area offer distinct components within the property’s downtown layout.
The property is at 320 W Main St in Fredericksburg, within walking distance of restaurants, wineries, shops, galleries, and local attractions. Four grandfathered lodging permits are in place. The existing accommodation and separate commercial area offer distinct components within the property’s downtown layout.
Key Highlights
- 3,798‑square‑foot hotel on 0.48 acres
- Four guest suites, each with a private ensuite bath
- Four grandfathered lodging permits
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,332
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,026,640
$4.0M
Cap Rate 7%
$2,876,171
$2.9M
Cap Rate 9%
$2,237,022
$2.2M
Market Conditions
NOI Build-Up for 3,798 SF
Gross rent
$455.8K $120.00/SF
− Vacancy
−$31.9K −$8.40/SF
EGI
$423.9K $111.60/SF
− OpEx
−$222.5K −$58.59/SF
NOI
$201.3K $53.01/SF
Area
Gillespie County, TX
Vacancy
7.00%
Lease Rate
$120.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,026,640
Cap Rate 7%
$2,876,171
Cap Rate 9%
$2,237,022
Alternative Uses
Best Use
Hotel Hospitality
$2.88M
$2.52M – $3.36M
NOI $201,332 @ 7.0% cap · market cap 6.72%
Second Best
Mixed Use
$249.5K
$218.3K – $291.1K
NOI $17,463 @ 7.0% cap · market cap 0.58%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,304
Businesses Nearby
Explore this area
Business Placement
Demographics for 78624, TX
23,080
Population
12,421
Households
1.9
Avg Household Size
52
Median Age
37%
College-Educated
89%
High-School Grad
742.3 sq mi
ZIP Area
31
Density / Sq Mi
$67,987
Median Household Income
$37,047
Median Earnings
$1,347
Median Rent
$439,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Hotel - Four grandfathered lodging permits accompany the guest accommodations and separate commercial area.
Where is this hotel located?
The property is located at 320 W Main St Fredericksburg, TX.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 3,798‑square‑foot hotel on 0.48 acres; Four guest suites, each with a private ensuite bath; Four grandfathered lodging permits
