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    The Largest CRE Database in the US with Over 1 Million Listings

    1789 Sidney Baker St Kerrville, TX 78028

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    ±5.79 Acres, Prime Retail Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    410
    This ±5.79-acre commercial land parcel presents a unique investment opportunity in Kerrville, Texas. Strategically located between The Home Depot and the YMCA, this in-line property boasts exceptional visibility and accessibility. The site is ideally suited for retail development, benefiting from its proximity to a thriving retail corridor. Neighboring businesses include a diverse range of established retailers and restaurants, such as Dollar Tree, Tractor Supply Co., Lowe's, Big Lots, Ashley Home Furniture, Hobby Lobby, Harbor Freight Tools, Aaron's, Cracker Barrel, Sonic, McDonald's, and IHOP. This high-traffic area ensures significant potential for customer reach and business success. The property's location in Kerr County, Texas, zip code 78028, offers easy access to major roadways and a strong local economy. With its substantial size and prime location, this land parcel represents a compelling opportunity for developers seeking to capitalize on the robust retail market in Kerrville. The address is 1789 Sidney Baker St, Kerrville, TX 78028. This exceptional property is ready for development and offers significant potential for long-term growth and return on investment. The coordinates are 30.0614054 latitude and -99.1205505 longitude.

    Property Features for 1789 Sidney Baker St

    General Information

    Property type
    Land
    Lot Size
    252,212 SF

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    Listing Contact
    Ken Stephens
    Ken Stephens

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    Property Insight Report

    HighLights

    • ±5.79 acres of excess land available for retail development adjacent to Home Depot.
    • ±5.79‑acre in‑line parcel available between Home Depot and YMCA.
    • Strong retail location anchored by Home Depot, complemented by Dollar Tree, Tractor Supply, Lowe's, Big Lots, Ashley Furniture, Hobby Lobby, Harbor Freight, Aaron's, Cracker Barrel, Sonic, McDonald's, IHOP, and other national retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Primo Water Exchange Bottled Water Supplier Garden Center at The Home ... Garden Center Pro Desk at The Home ... Building Materials Store The Home Depot Home Improvement Store Home Services at The Home ... Handyman/Handywoman/Handyperson

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kerrville
    County
    Kerr
    State
    Texas
    Longitude
    -99.1205505
    Latitude
    30.0614054

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    FAQs

    What type of property is this?
    Land - ±5.79 Acres, Prime Retail Location
    Where is this land located?
    The property is located at 1789 Sidney Baker St Kerrville, TX.
    What are key features of this property?
    This property features: ±5.79 acres of excess land available for retail development adjacent to Home Depot.; ±5.79-acre in-line parcel available between Home Depot and YMCA.; Strong retail location anchored by Home Depot, complemented by Dollar Tree, Tractor Supply, Lowe's, Big Lots, Ashley Furniture, Hobby Lobby, Harbor Freight, Aaron's, Cracker Barrel, Sonic, McDonald's, IHOP, and other national retailers.
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    Kerrville, TX 78028
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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.

    More about this property
    1789 Sidney Baker St Kerrville, TX 78028
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    We can help!
    Listing Contact
    Ken Stephens
    Ken Stephens
    Real Estate License ID: FL 3281555
    Learn more
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