Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near Bandera, Texas Title is generated by Realmo AI

    4223 Hwy 173, Bandera, TX 78003

    View on Map
    Claim this Listing
    For Sale
    $185,400

    LAND - Bandera, TX

    Lot size:
    3.09 Acres
    Added:
    Dec 10, 2025
    Days on Market:
    170
    Last Refresh:
    May 29 at 4:06 pm

    Property Features for 4223 Hwy 173

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential / Com
    Standard status
    Active
    Lot size
    3.09 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Kathryn Hawkins

    Listing agent Kathryn Hawkins License #0532613

    Listing office Reno Realty Group PO Box 290528, Kerrville, TX

    Listing date Dec 10, 2025

    MLS# 120492 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

    • Private water well and septic system allowed.
    • Conveniently located just outside Bandera city limits.
    • Multiple building sites with varied countryside views.
    • Abundant mature trees and native wildlife.
    • Electricity available.
    • Partial fencing for privacy and security.

    Overview

    This 3.09-acre tract of land is located just outside the city limits of Bandera, Texas, offering country living with convenient access to town. The property is zoned for residential and commercial use, presenting opportunities for building a home or a bed and breakfast. The land provides privacy and features mature trees, including oaks and cedars, along with a variety of grasses and native wildlife. Multiple building sites are available on different levels, offering views of the surrounding countryside. Power is available. The property is partially fenced. According to the seller, this lot is grandfathered in to allow for a private water well and septic system. Buyer to verify county requirements regarding water well and septic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Bandera
    County
    Bandera
    State
    Texas
    Longitude
    -99.0657624
    Latitude
    29.7210393

    Nearby Similar for Sale

    • $224,900
      192 SF

      Texas Hill Country RV Retreat

      RV retreat with Medina River Valley views and endless possibilities!
      664 River Bend Road, Bandera, TX 78003
      View Details
    • $450,000

      Unrestricted Land with Creek Access

      2.95 acres with creek, utilities, and RV infrastructure.
      Chipman Lane lot: 6, Bandera, TX 78003
      View Details
    • $350,000
      399 SF

      Bandera, TX Income-Generating Property

      Income potential near downtown with tiny home and RV spaces.
      286 Hwy 173, Bandera, TX 78003
      View Details
    • $175,000

      Bandera Commercial Land For Sale

      1.316-acre commercial land with high visibility and development flexibility.
      Hwy 16, Bandera, TX 78003
      View Details
    • $175,000

      Bandera, TX Undeveloped Land

      1.316-acre property with high visibility and development flexibility.
      Hwy 16, Bandera, TX 78003
      View Details
    • $219,000
      1,344 SF

      Bandera Duplex with Hill Country Views

      Duplex in gated community with income potential and views.
      289 Chaparral Dr, Bandera, TX 78003
      View Details
    • $235,000
      882 SF

      Income-Producing Duplex in Bandera, TX

      Duplex near Bandera's heart, live-in or rent opportunity.
      297 Chaparral Dr, Bandera, TX 78003
      View Details
    • $67,500

      Bandera, TX Land with Views

      Oversized lot in gated community with premier amenities.
      772 HAGER RDG, Bandera, TX 78003
      View Details
    • $150,000

      Bandera, TX City Lots

      Four city lots for sale, close to town center.
      Pecan, Bandera, TX 78003
      View Details
    • $18,000
      6,200 SF

      Residential Lot in Bandera, TX

      Vacant lot with amenities near Medina River access.
      Whartons Dock Rd, Bandera, TX 78003
      View Details
    • $172,000

      Bandera, TX Land with Riverfront

      5.06 AC lot in gated community with river access.
      Clearwater Canyon Rd lot: 53, Bandera, TX 78003
      View Details
    • $89,999

      Bandera, TX Land For Sale

      2.52 acre lot in gated community with many amenities.
      251 Highgate Drive, Bandera, TX 78003
      View Details

    FAQs

    What type of property is this?
    Land - Residential/Commercial land for sale near Bandera, TX.
    Where is this land located?
    The property is located at 4223 Hwy 173 Bandera, TX.
    What is the asking price?
    The asking price for this property is $185,400.
    What are key features of this property?
    This property features: Private water well and septic system allowed.; Conveniently located just outside Bandera city limits.; Multiple building sites with varied countryside views.
    (830) 285-9919
    We can help!
    Listing Contact
    Kathryn Hawkins
    Real Estate License ID: 0532613
    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
    4223 Hwy 173, Bandera, TX 78003
    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!