Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    606 Mill Run Kerrville, TX 78028

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern Industrial Warehouses, North Kerrville

    Lot size:
    27,200 SF

    Property Features for 606 Mill Run

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,200 SF
    Class
    A
    Total Rate
    31733.33

    Building Details

    Year Built
    2024
    Buildings
    6
    Stories
    1

    Spaces For Lease

    at 606 Mill Run, Kerrville, TX 78028 Contact us
    Unit Building 1 - 1A and 1B

    $14 /Mo

    Size
    6,000 SF
    Contact us
    Unit Building 3 - 3A and 3B

    $14 /Mo

    Size
    6,000 SF
    Contact us
    Unit Building 2 - 2A and 2B

    $14 /Mo

    Size
    6,000 SF
    Contact us
    Unit Building 5

    $14 /Mo

    Size
    3,200 SF
    Contact us
    Unit Building 4 - 4A and 4B

    $14 /Mo

    Size
    6,000 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Elize Pruske, Ccim
    Elize Pruske, Ccim

    Listing Agency: EP Commercial Real Estate, LLC Listing Agent: Elize Pruske, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Redemption Mill Business Park offers exceptional warehouse space in the thriving North Kerrville submarket of Kerrville, Texas. This Class A industrial property, completed in 2024, comprises six buildings totaling 27,200 square feet on a spacious 5.15-acre lot. The property features multiple tenancy options, with spaces ranging from a minimum of 3,000 square feet to a maximum contiguous space of 27,200 square feet, allowing for flexibility to accommodate various business needs. Individual buildings offer 6,000 square feet, while the entire park is available for lease. Build-to-suit options may also be available. Each warehouse boasts high ceilings ranging from 17 to 21 feet, providing ample vertical space for storage and operations. Convenient access is provided by 19 drive-in doors and 2 dock-high doors, ensuring efficient loading and unloading. The property also benefits from 3-phase power. Extensive concrete parking accommodates large trucks, and ample yard space is located behind each building. The park is strategically located off Junction Highway, providing easy access to Interstate 10, enhancing logistical efficiency. The property is zoned ETJ. This prime location and modern amenities make Redemption Mill Business Park an ideal choice for businesses seeking high-quality warehouse space in the North Kerrville area. The address is 606 Mill Run, Kerrville, TX 78028.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kerrville
    County
    Kerr
    State
    Texas
    Longitude
    -99.1979155
    Latitude
    30.0780638

    Nearby Similar for Lease

    • New
      $17 SF/Yr
      2,100 SF

      Medical/General Office Ready to Lease

      Turnkey medical/general office space in the Texas Hill Country.
      601 Clay St, Kerrville, TX 78028
      View Details
    • $1,500 /Mo
      1,176 SF

      Kerrville Office Space For Rent

      Office space with flexible layout, breakroom, and convenient access.
      874 Harper Rd, Kerrville, TX 78028
      View Details
    • $5,500 /Mo
      5,200 SF

      Kerrville Commercial Space with Warehouse

      Versatile commercial space with offices, warehouse, and covered awning.
      87 N Coronado Dr, Kerrville, TX 78028
      View Details
    • $1,300 /Mo
      1,200 SF

      Kerrville Commercial Property For Lease

      1200 sq ft metal building in high-traffic Kerrville area.
      83 Coronado Dr, Kerrville, TX 78028
      View Details
    • $2,978 /Mo
      2,220 SF

      Kerrville Retail or Office Space

      2207 SF building suitable for retail or office use.
      250 W Main St, Kerrville, TX 78028
      View Details
    • $1,028 /Mo
      2,220 SF

      Kerrville Retail or Office Space

      750 SF unit suitable for retail or office use.
      250 W Main St, Kerrville, TX 78028
      View Details
    • $1,950 /Mo
      2,207 SF

      Kerrville Retail or Office Space

      Retail or office space with excellent visibility and parking.
      250 W Main St, Kerrville, TX 78028
      View Details
    • $7,564 /Mo
      4,584 SF

      Kerrville Office Space For Lease

      Prime office space near medical center and hospital available for lease.
      707 Hill Country Dr, Kerrville, TX 78028
      View Details
    • $3,500 /Mo
      1,488 SF

      Kerrville Commercial Property For Rent

      C-2 Zoned property on 0.7 acres with office and carport.
      1302 Bandera Hwy, Kerrville, TX 78028
      View Details
    • $875 /Mo
      6,000 SF

      Downtown Kerrville Office Space Available

      Move-in ready office space in the heart of Kerrville.
      228 Washington St, Kerrville, TX 78028
      View Details
    • $950 /Mo
      6,000 SF

      Downtown Kerrville Office Space Available

      All-inclusive office space in the heart of downtown Kerrville.
      228 Washington St, Kerrville, TX 78028
      View Details
    • $14 SF/Yr
      27,200 SF

      Warehouse Space Available For Lease

      Warehouse space for lease starting at 3,000 square feet.
      606 Mull Rd, Kerrville, TX 78028
      View Details

    FAQs

    What type of property is this?
    Distribution center - Modern Industrial Warehouses, North Kerrville
    Where is this distribution center located?
    The property is located at 606 Mill Run Kerrville, TX.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Class A industrial park totaling 27,200 square feet on 5.15 acres in Kerrville, TX.; Six buildings available, ranging from 3,000 to 27,200 square feet.; High ceilings (17-21 feet), 19 drive-in doors, and 2 dock-high doors.
    (210) 416-3491 Call to check price and availability
    Request Owner's contact information
    606 Mill Run 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.
    606 Mill Run
    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 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
    606 Mill Run 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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Elize Pruske, Ccim
    Elize Pruske, Ccim
    Real Estate License ID: 0367619
    (210) 416-3491
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!