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    Greenbelt Homesite Lot Title is generated by Realmo AI

    9 Ledgestone Trl, Boerne, TX 78006

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    Claim this Listing
    New
    For Sale
    $212,500

    LAND - Boerne, TX

    Lot size:
    1.10 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for 9 Ledgestone Trl

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R
    Standard status
    Active
    Lot size
    1.10 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3081

    We can help!

    Listing Contact
    Michael Lugo
    Michael Lugo

    Listing agent Michael Lugo License #0657886

    Listing office eXp Realty 17806 W IH 10 Ste 300, Austin, TX

    Listing date Jun 2, 2026

    MLS# 1972027 Listing URL

    Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1‑acre tract in The Springs at Cordillera Ranch on a greenbelt homesite at the end of a cul‑de‑sac
    • Guard‑gated community in Boerne
    • Just north of Highway 46 off FM 3351 (Cordillera Ranch)
    • Access to a sports park with basketball, soccer, and baseball facilities
    • Community amenities include a spring‑fed creek and miles of scenic nature trails
    • Residents may join The Clubs of Cordillera Ranch with championship golf, tennis, fine dining, and a private river park

    Overview

    This for-sale homesite offers a greenbelt setting within The Springs at Cordillera Ranch. The property is positioned at the end of a picturesque cul-de-sac and spans approximately 1.1 acres, providing a private backdrop for a custom build. Zoning is listed as R.

    The Springs at Cordillera Ranch is described as a guard-gated community in Boerne, Texas, with access to outdoor recreation and scenic trails. The community amenities referenced include a spring-fed creek and miles of nature trails, along with a sports park featuring basketball, soccer, and baseball facilities.

    For buyers seeking a residential lot in a community-oriented environment, this parcel’s end-of-cul-de-sac placement and greenbelt orientation may appeal to those prioritizing privacy while staying within Cordillera Ranch’s described amenities. The listing also notes availability to join The Clubs of Cordillera Ranch, including championship golf, tennis, fine dining, a private river park, and resort-style facilities. The property is also indicated as being served by Boerne Independent School District, and the tract is described as just north of Highway 46 off FM 3351.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Boerne
    County
    Kendall
    State
    Texas
    Longitude
    -98.758
    Latitude
    29.8239

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    FAQs

    What type of property is this?
    Residential land & home lot - Build in a guard-gated Hill Country community on a greenbelt homesite at the end of a cul-de-sac.
    Where is this residential land & home lot located?
    The property is located at 9 Ledgestone Trl Boerne, TX.
    What is the asking price?
    The asking price for this property is $212,500.
    What are key features of this property?
    This property features: 1‑acre tract in The Springs at Cordillera Ranch on a greenbelt homesite at the end of a cul‑de‑sac; Guard‑gated community in Boerne; Just north of Highway 46 off FM 3351 (Cordillera Ranch)
    (888) 519-7431
    We can help!
    Listing Contact
    Michael Lugo
    Michael Lugo
    Real Estate License ID: 0657886
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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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    9 Ledgestone Trl, Boerne, TX 78006
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