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Property profile

231 #200 Earl Garrett St Kerrville, TX 78028

OFF-MARKET
Office Spaces
1,114 SF 0.17 ac lot Built 1905
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Property summary

AI-generated overview

This exceptional 1,114 square foot commercial condo, located at 231 Earl Garrett Street #200 in Kerrville, Texas, presents a unique investment opportunity. Situated in the heart of Kerrville's historic downtown district, this property boasts a prime location with high foot and vehicle traffic, and convenient street parking. The unit, designated Condo 4-A within the Earl Garrett Commercial Condominiums, is currently occupied by a tenant. Built in 1905, this creative/executive/traditional office space features a desirable upper-level location and includes a spacious 250 square foot covered balcony overlooking the street, perfect for enjoying downtown events. The property sits on a 0.17-acre lot and is zoned C3/DOWNTOWN HISTORIC, allowing for both commercial and residential use. The asking price is $125,000, with 80%-90% seller financing available. This presents a rare chance to acquire a thriving business space in a vibrant and historic Texas town. The property's central location ensures excellent visibility and accessibility, making it an ideal investment for both short-term and long-term growth.

Property profile

Verified
Property type Office Spaces
Year built 1905
Total area 1,114 SF
Lot 0.17 ac (7,405 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

231 #200 Earl Garrett St Kerrville, TX 78028
Kerrville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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