Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4584 E US Hwy 290 Fredericksburg, TX 78624

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $116,000

    Land available east of Fredericksburg, near Arch Ray.

    Type:Land
    Added:
    Aug 6, 2025
    Days on Market:
    259
    Last Refresh:
    Mar 16 at 8:23 am

    Property Features for 4584 E US Hwy 290

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Justin Cop

    Listing agent Justin Cop License #0613372

    Listing office Fredericksburg Realty, LLC

    Listing date Aug 6, 2025

    Source Evrealestate

    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, LLC

    Overview

    Land on Highway 290

    The property is located approximately 4.5 miles east of the courthouse on Highway 290. The entrance is situated on the left, just after Arch Ray Resort (winery), near the Arch Ray RV Resort entrance. The property is located in Gillespie County.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Department Store Storage Facility Food Market Grocery & Convenience Store Hotel & Motel Discount Store Car Rental Facility Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Gillespie
    State
    Texas
    Longitude
    -98.946702
    Latitude
    30.282884

    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
    • $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
    • $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
    • $325,000

      Fredericksburg Tiny Home Investment Opportunity

      Fully furnished tiny home near Main Street, Fredericksburg.
      5386 -- Ranch Rd 1376, Fredericksburg, TX 78624
      View Details
    • $275,000

      Fredericksburg Vacant Land in Historic District

      Rare vacant land opportunity in Fredericksburg's Historic District.
      213 W Centre St, Fredericksburg, TX 78624
      View Details
    • $275,000

      Fredericksburg Vacant Land in Historic District

      In-town lot with alley access and development potential.
      211 W Centre St, 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
    • $495,000

      30 Acres in Doss Area

      Gillespie County property near Fredericksburg with Hill Country views.
      0000 Doss Spring Creek Road, Fredericksburg, TX 78624
      View Details

    FAQs

    What type of property is this?
    Land - Land available east of Fredericksburg, near Arch Ray.
    Where is this land located?
    The property is located at 4584 E US Hwy 290 Fredericksburg, TX.
    What is the asking price?
    The asking price for this property is $116,000.
    What are key features of this property?
    This property features: Located approximately 4.5 miles East of the courthouse on Hwy 290.; Situated in Gillespie County.; Located near Arch Ray RV Resort entrance.
    (830) 998-2895
    We can help!
    Listing Contact
    Justin Cop
    Real Estate License ID: 0613372
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!