Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Tbd Kerrville, TX 78028

    For Sale
    $985,000

    10-Acre, 5-Unit Income Property

    Property size:
    5,192 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional Kerrville, Texas investment opportunity presents a 10-acre mobile home park boasting five well-maintained residential units, each with a private fenced yard and scenic hill views. Built between 1986 and 2018, with recent renovations completed in 2021-2022, these units currently enjoy 100% occupancy, generating a substantial net operating income (NOI) of $75,004, resulting in a 7.7% capitalization rate. The property features a 480-foot deep well with a new pump (2020), a 2500-gallon storage tank and new booster pump (2022), and an 18x30 metal workshop. Additional amenities include a fully fenced perimeter, a wet weather creek and pond, and ample space for future expansion, allowing for significant value-add potential. The property is zoned OCL, offering flexibility and potential for further development. The total square footage is 5,192, with a price per square foot of $189.71 and a price per unit of $197,000. The asking price for this turnkey operation is $985,000, and owner financing may be considered with a substantial down payment. This property offers a strong cash flow and a compelling return on investment. The APN is 28767.

    Property Features for 0 Tbd

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,192 SF
    Lot Size
    435,600 SF

    Building Details

    Year Built/Renovated
    1986/2021
    Buildings
    5
    Stories
    1
    Units
    5

    HighLights

    • 10‑acre mobile home park with 5 units, 100% occupancy, and $75,004 NOI.
    • 7.7% capitalization rate and $985,000 asking price.
    • Turnkey operation with low maintenance and strong cash flow.
    • OCL zoning allows for expansion and value‑add opportunities.
    • Features include a deep well, storage tank, workshop, and fenced perimeter.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Kerrville
    County
    Kerr
    State
    Texas
    Longitude
    -99.1403189
    Latitude
    30.0474332

    Nearby Similar for Sale

    • $2,100,000
      3,027 SF

      Kerrville Ranch with Multiple Homes

      91-acre AG-exempt ranch near Kerrville with multiple dwellings.
      2000 Calcote Rd, Kerrville, TX 78028
      View Details
    • $1,100,000
      1,134 SF

      Kerrville Commercial Property on 5.47 Acres

      Commercial property with retail office, high traffic, excellent visibility.
      581 Peterson Farm Rd, Kerrville, TX 78028
      View Details
    • $649,000
      3,318 SF

      Renovated Cottages in Kerrville, TX

      Renovated 3/2 cottage with additional industrial style bungalows.
      1524 N Water St, Kerrville, TX 78028
      View Details
    • $1,199,900
      4,645 SF

      Hill Country Multi-Family Haven

      Two homes on 21.34 acres, ideal for multi-generational living.
      377 Green Oak Dr, Kerrville, TX 78028
      View Details
    • $2,750,000
      10,812 SF

      Kerrville Commercial Property on Junction Hwy

      9.143 acre commercial property with frontage on Junction Hwy.
      1838 Junction Hwy, Kerrville, TX 78028
      View Details
    • $2,750,000
      10,812 SF

      Kerrville Commercial Property with Highway Frontage

      9.143-acre commercial property with income-producing tenants and development potential.
      1838 Junction Hwy, Kerrville, TX 78028
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 10-Acre, 5-Unit Income Property
    Where is this multifamily property located?
    The property is located at Tbd Kerrville, TX.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: 10-acre mobile home park with 5 units, 100% occupancy, and $75,004 NOI.; 7.7% capitalization rate and $985,000 asking price.; Turnkey operation with low maintenance and strong cash flow.
    Request Owner's contact information
    Tbd Kerrville, TX 78028
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Tbd
    Kerrville, TX 78028
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Tbd Kerrville, TX 78028
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.