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    Remodeled Private Office Suite Title is generated by Realmo AI

    820 N Main St, Kerrville, TX 78028

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    Pending
    $585/Mo $0.61 SF/Yr (calc)

    SINGLE_FAMILY - Kerrville, TX

    Type:Office
    Property size:
    11,439 SF
    Lot size:
    0.47 Acres
    Added:
    Jun 7, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 7 at 8:06 pm

    Property Features for 820 N Main St

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    DAC - Downtown Arts
    Security features
    Security System
    Exterior features
    Lighting
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Pending
    Size
    11,439 SF
    Lot size
    0.47 Acres

    Utilities

    Utilities
    Phone Available
    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1987
    Floors in Building
    2
    Number of units
    9
    Flooring type
    Carpet
    Building materials
    Masonry & Steel
    Roof type
    Flat, Tar/Gravel

    We can help!

    Listing Contact
    Bethany Mikeska
    Bethany Mikeska

    Listing agent Bethany Mikeska License #0708828

    Listing office Mikeska Realty Company, LLC 820 Main St Ste 212, Kerrville, TX

    Listing date Jun 7, 2026

    MLS# 123756

    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

    • Remodeled 300 SF private office suite with waiting/reception area, private office, and storage area
    • Located on the 2nd floor with elevator access
    • Rent includes janitorial services and utilities (excluding internet); landlord pays insurance and taxes
    • Built in 1987; masonry & steel construction
    • Central heating and central air with electric system
    • Public utilities include public water and public sewer; phone available

    Overview

    This remodeled private office suite is designed for day-to-day client meetings and focused work. The space includes a waiting/reception area, a private office, and a dedicated storage area. Located on the 2nd floor, the suite is accessible via elevator, which supports convenient arrivals for staff and visitors.

    The suite is situated at 820 N Main St in Kerrville and falls under DAC – Downtown Arts zoning. The property’s downtown setting is intended to keep your business connected to the surrounding commercial activity while maintaining a private, contained office layout.

    For tenants seeking a professional, turnkey environment, the suite’s finished interior and built-in reception and storage areas help streamline operations. Rent includes janitorial services and utilities, while internet is excluded. The landlord also pays insurance and taxes, reducing the number of operating expenses to manage. This configuration is a practical fit for professional services or other office users that want a compact, client-ready workspace with straightforward building access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Massey Itschner & Company, ... Accounting Firm Crocker Real Estate Real Estate Agency Gregory R. Seibert, ... Accounting Firm Stitely Draznin, PLLC Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kerrville
    County
    Kerr
    State
    Texas
    Longitude
    -99.1384963
    Latitude
    30.0460771

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    FAQs

    What type of property is this?
    Office units - 2nd-floor suite with reception, private office, storage, and included janitorial and utilities for an easier move-in.
    Where is this office units located?
    The property is located at 820 N Main St Kerrville, TX.
    What is the lease rate?
    The lease rate is $585 /Mo.
    What are key features of this property?
    This property features: Remodeled 300 SF private office suite with waiting/reception area, private office, and storage area; Located on the 2nd floor with elevator access; Rent includes janitorial services and utilities (excluding internet); landlord pays insurance and taxes
    (830) 928-3914
    We can help!
    Listing Contact
    Bethany Mikeska
    Bethany Mikeska
    Real Estate License ID: 0708828
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    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.

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