Commercial Land with Manufactured
8865 FM 1283 Lakehills, TX 78063
New
8865 FM 1283, Lakehills, TX, 78063
$400,000
For Sale
$400,000
SINGLE_FAMILY - Lakehills, TX
Property Size952 SF
Lot Size3.03 Acres
Price / SF$420.17
Days on Market2
Property Features for 8865 FM 1283
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- Commercial
- Standard status
- Active
- Size
- 952 SF
- Lot size
- 3.03 Acres
Building Details
- Year built
- 1997
- Number of units
- 1
- Building materials
- Metal Siding
Listing Agency
eXp Realty LLC / Tinsley Realty Group
(830) 928-7193
817 Sidney Baker Street, Kerrville, TX
Listed by
Lara Hicks · License #0764225
(830) 777-1356
Added: Jul 16 Checked: Jul 17 at 9:06 am
MLS# 124946
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.
Investment Insights
Based on property information with market context.
This commercial-zoned property offers level, usable land with mature trees and includes a manufactured home on site (approximately 1997). The lot is just over three acres, providing room for continued use or future development planning.
The property is located directly on FM 1283 in Lakehills, Texas. The frontage provides access from both directions of FM 1283, with the road serving as a connection between Pipe Creek and Medina Lake.
A manufactured home sits on the acreage, which may support immediate use while the site is evaluated for long-term commercial development. The property’s existing configuration and sizable footprint make it suitable for a variety of commercial applications within the Commercial zoning category.
The property is located directly on FM 1283 in Lakehills, Texas. The frontage provides access from both directions of FM 1283, with the road serving as a connection between Pipe Creek and Medina Lake.
A manufactured home sits on the acreage, which may support immediate use while the site is evaluated for long-term commercial development. The property’s existing configuration and sizable footprint make it suitable for a variety of commercial applications within the Commercial zoning category.
Key Highlights
- 3.02‑acre property on FM 1283 in Lakehills, TX, with direct frontage and access from both directions
- Level, usable land with mature trees, offering over three acres for expansion and development
- Manufactured home on site (approx. 1997) for immediate occupancy or office conversion
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.0k | $22.08 |
| − Vacancy | −$3.7k | −$3.91 |
| EGI | $17.3k | $18.17 |
| − OpEx | −$4.3k | −$4.54 |
| NOI | $13.0k | $13.63 |
952 SF · lease $22.08/SF/yr · vacancy 17.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$185.4K
$162.2K – $216.3K
NOI $12,975 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$242.8K
$212.5K – $283.3K
NOI $16,999 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Level commercial-zoned acreage on FM 1283 in Lakehills includes a manufactured home and mature trees.
Where is this commercial land located?
The property is located at 8865 FM 1283 Lakehills, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 3.02‑acre property on FM 1283 in Lakehills, TX, with direct frontage and access from both directions; Level, usable land with mature trees, offering over three acres for expansion and development; Manufactured home on site (approx. 1997) for immediate occupancy or office conversion
