Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Kerrville Land with Hill Country Views Title is generated by Realmo AI

    Dillon Ridge Dr lot 47, Kerrville, TX 78028

    View on Map
    Claim this Listing
    For Sale
    $171,000

    LAND - Kerrville, TX

    Lot size:
    5.04 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    91
    Last Refresh:
    Jun 5 at 9:06 am

    Property Features for Dillon Ridge Dr lot 47

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    5.04 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Daniel Edelstein

    Listing agent Daniel Edelstein License #0672934

    Listing office Fore Premier Properties 804 Water St., TX

    Listing date Mar 6, 2026

    MLS# 122581 Listing URL

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

    HighLights

    • Stunning 5.04 acre tract with incredible Hill Country views, rolling countryside, native grasses, and mature oak trees.
    • Conveniently located minutes from Kerrville and Fredericksburg, offering easy access to medical facilities, shopping, dining, and entertainment.
    • Ag exemption in place with no city taxes.
    • Flexibility to build whenever ready with preferred builder; Bardominiums allowed.
    • Underground electricity and newly paved roads being installed.
    • Community water park.

    Overview

    This 5.04-acre tract is located in Loma Vista Ranch, minutes from Kerrville and Fredericksburg. The property features Hill Country views, rolling countryside with native grasses, and mature oak trees. It is situated a short drive from medical facilities, shopping, dining, and entertainment. The property offers flexibility to build when ready and allows the choice of preferred builder; Bardominiums are also permitted. Underground electricity and newly paved roads are being installed by the developer. An Ag exemption is in place, and there are no city taxes. A community water park is also available. With a minimum build size of 1400 square feet, this property is suitable for a weekend retreat or primary residence.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Kerrville
    County
    Kerr
    State
    Texas
    Longitude
    -99.1089
    Latitude
    30.0272

    Nearby Similar for Sale

    • $1,550,000
      12,804 SF

      Downtown Kerrville Mixed-Use Opportunity

      Two commercial buildings in downtown Kerrville with mixed-use potential.
      832, 838 Water St, Kerrville, TX 78028
      View Details
    • $998,000
      11,368 SF

      Kerrville Commercial Building Opportunity

      Commercial building near I-10/Hwy 16 intersection, suitable for multiple business plans.
      2125 Sidney Baker, Kerrville, TX 78028
      View Details
    • $2,200,000
      14,079 SF

      Multi-Tenant Retail Strip

      For-sale multi-tenant retail property on a high-traffic in-town corridor with established businesses in place.
      1700 Water St, Kerrville, TX 78028
      View Details
    • $1,090,000
      7,926 SF

      Historic Chapel and Office Basement

      1923 landmark chapel with sanctuary and a large basement featuring office space, open areas, and a small kitchen.
      800 Jefferson St, Kerrville, TX 78028
      View Details
    • $990,000
      1,740 SF

      Automotive Service Facility with Living Quarters

      Versatile F-1 commercial automotive workspace with on-site parking and attached 3-bedroom, 2-bath living quarters.
      1903 Junction Hwy, Kerrville, TX 78028
      View Details
    • $769,000
      2,531 SF

      Kerrville Mixed-Use Corner Property

      Versatile C2 zoned property with office, retail, and storage.
      1112 Sidney Baker, Kerrville, TX 78028
      View Details
    • $625,000
      864 SF

      Kerrville Commercial Property on Junction

      Versatile 864 SF commercial building on 0.23-acre lot.
      518 Junction Hwy, Kerrville, TX 78028
      View Details
    • $899,000
      2,250 SF

      Kerrville Commercial Corner Opportunity

      Former bank building on 1.78 acres with high visibility.
      520 Thompson Dr, Kerrville, TX 78028
      View Details
    • $2,200,000
      7,192 SF

      Kerrville Retail and Warehouse Opportunity

      8.083 acre commercial property with retail, bar, and warehouse.
      1834 Junction Hwy, Kerrville, TX 78028
      View Details
    • $375,000
      1,976 SF

      Kerrville Commercial Property with Charm

      Classic 1935 property with commercial potential in Kerrville, TX.
      1028 Jefferson St, Kerrville, TX 78028
      View Details
    • $1,495,000
      3,174 SF

      Hill Country Retreat with RV/Workshop

      9.77 acre Kerrville property with versatile buildings and views.
      195 Kamira Dr, Kerrville, TX 78028
      View Details
    • $430,000
      2,347 SF

      Standalone Office Building Corner Lot

      Prominent corner location near downtown, with flexible space suited to office or boutique retail, studio, or gallery use.
      823 North St, Kerrville, TX 78028
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5.04 acre tract near Kerrville with flexible building options.
    Where is this residential land & home lot located?
    The property is located at Dillon Ridge Dr lot 47 Kerrville, TX.
    What is the asking price?
    The asking price for this property is $171,000.
    What are key features of this property?
    This property features: Stunning 5.04 acre tract with incredible Hill Country views, rolling countryside, native grasses, and mature oak trees.; Conveniently located minutes from Kerrville and Fredericksburg, offering easy access to medical facilities, shopping, dining, and entertainment.; Ag exemption in place with no city taxes.
    (830) 955-7037
    We can help!
    Listing Contact
    Daniel Edelstein
    Real Estate License ID: 0672934
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Dillon Ridge Dr lot: 47, Kerrville, TX 78028
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!