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    Harper Valley Rd Harper, TX 78631

    Sponsored
    For Sale
    $195,000

    Texas Hill Country farm, level land, great soil.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    This 10.6-acre Texas Hill Country farm, located on Harper Valley Road in Gillespie County, offers a unique opportunity. The property boasts fairly level terrain with good soil, minimal cedar, rock, and cactus. Scattered smaller live oaks provide natural beauty. Backing up to a large ranch ensures privacy. Most of the perimeter is enclosed by high game-proof fencing; a 994-foot section is unfenced but clearly marked. Recently divided from a neighboring property and duly recorded in February 2023 at the Kerr County Courthouse, this land is agriculturally exempt, though taxes are yet to be assessed. Currently supporting five Aberdeen Angus cattle and one Longhorn bull, the animals may remain or be removed, or a lease-back agreement with the seller could maintain the tax exemption—all negotiable. Conveniently located approximately 21 miles northwest of downtown Kerrville and 11 miles southwest of Harper, the property sits on a paved Kerr County road that dead-ends beyond the property line, enhancing its country privacy. The elevation is approximately 2225 feet. Note that a 50-foot-wide easement for a cross-country underground gas pipeline runs across the northeast boundary for a distance of 753 feet. This easement is not considered to affect property usage. This is an exceptional opportunity to own a piece of Texas Hill Country.

    Property Features for 0 Harper Valley Rd

    General Information

    Property type
    Farms
    Lot Size
    461,736 SF

    We can help!

    Listing Contact
    Barry McCollom
    Barry McCollom

    Learn more

    HighLights

    • $195,000 asking price.
    • 10.6‑acre land parcel in Gillespie County, Texas.
    • Located on a paved county road, approximately 21 miles northwest of Kerrville.
    • Mostly level terrain with good soil, minimal rock and cedar, and scattered live oaks.
    • Backs up to a large ranch, offering privacy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Harper
    County
    Gillespie
    State
    Texas
    Longitude
    -99.2909299
    Latitude
    30.2113312

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    FAQs

    What type of property is this?
    Farm - Texas Hill Country farm, level land, great soil.
    Where is this farm located?
    The property is located at Harper Valley Rd Harper, TX.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: $195,000 asking price.; 10.6-acre land parcel in Gillespie County, Texas.; Located on a paved county road, approximately 21 miles northwest of Kerrville.
    Request Owner's contact information
    Harper Valley Rd Harper, TX 78631
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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
    Harper Valley Rd Harper, TX 78631
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    We can help!
    Listing Contact
    Barry McCollom
    Barry McCollom
    Real Estate License ID: TX 300095
    Learn more
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