Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    100 Steepside Ln Kerrville, TX 78028
    Back to Search
    Property profile & analytics

    100 Steepside Ln, Kerrville, TX 78028

    View on Map
    • Specialty properties
    • 7,142 SF
    • 24.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 1550 Gallery / Art Gallery

    Property Details for 100 Steepside Ln

    Year built
    1932
    Lot size
    24.00 lot acres
    Property type
    Specialty properties

    Description

    This exceptional 7,142 square foot property, built in 1932 and renovated in 1990, sits on 24 acres overlooking the Guadalupe River in Kerrville, Texas. Designed by renowned architect Atlee B. Ayers, this two-story home offers captivating history and breathtaking views. The main house features a large kitchen, server's area, expansive main room, sitting room, and a study/office. Upstairs, a luxurious master suite and three additional bedrooms each enjoy private veranda access. An expansive outdoor pavilion, complete with an outdoor kitchen and two bathrooms, provides ample space for large gatherings. The property boasts grand rooms with rich hardwood floors, multiple fireplaces, and a convenient elevator. Its unique design and expansive grounds make it ideal for a variety of uses, including an event venue, corporate retreat, bed and breakfast, or restaurant. The property is zoned N/A. Asking price is $3,250,000. Additional information and photos are available online.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kerrville
    County
    Kerr
    State
    Texas
    Longitude
    -99.1642
    Latitude
    30.0474

    Comparable in this City

    • Value Estimation by Request

      114 8

      Land
      114 8, Kerrville, TX 78028
      View Details
    • Value Estimation by Request

      1905 A Jct Hwy

      Land
      1905 A Jct Hwy, Kerrville, TX 78028
      View Details
    • Value Estimation by Request
      4.00 Acres

      3044 Junction Hwy

      Restaurants
      3044 Junction Hwy, Kerrville, TX 78028
      View Details
    • Value Estimation by Request
      1.86 Acres

      1-8 Stoneledge Dr

      Land
      1-8 Stoneledge Dr, Kerrville, TX 78028
      View Details
    • Value Estimation by Request

      00 Goat Creek Rd

      Land
      00 Goat Creek Rd, Kerrville, TX 78028
      View Details
    • Value Estimation by Request

      2140 Old Fm 689

      Land
      2140 Old Fm 689, Kerrville, TX 78028
      View Details

    Similar Nearby for Sale

    • New
      $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
    • $2,995,000
      10,170 SF

      Mediterranean Estate in Kerrville, TX

      Luxury Mediterranean estate on 12.2 acres in Kerrville.
      2121 Landmark Ln, Kerrville, TX 78028
      View Details
    • $1,975,000
      3,027 SF

      Kerrville Ranch with Multiple Homes

      91-acre AG-exempt property near Kerrville with multiple dwellings.
      2000 Calcote Rd, Kerrville, TX 78028
      View Details
    • $725,000
      1.09 Acres

      Kerrville Commercial Lot - High Visibility

      Prime 1-acre lot, 350' frontage, high traffic.
      1700 Broadway, Kerrville, TX 78028
      View Details
    • $3,250,000
      7,142 SF

      Kerrville Hilltop Estate - $3.25M

      Historic Estate, River Views, 24 Acres
      100 Steepside Ln, Kerrville, TX 78028
      View Details
    • $1,250,000
      4,716 SF

      Kerrville Commercial Building Investment

      Prime Location, Two Suites, High Potential
      2262 Bandera Hwy, Kerrville, TX 78028
      View Details

    Similar Nearby for Lease

    • $950 /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
    • Contact for pricing

      Prime Commercial Pad Site Opportunity

      Pad site available in Kerrville's main commercial corridor.
      1845 Sidney Baker St, Kerrville, TX 78028
      View Details
    • $500 /Mo

      Professional Office Suite in Kerrville

      Centrally located office suite with Hill Country views.
      222 Sidney Baker St, Kerrville, TX 78028
      View Details
    • Contact for pricing
      8,730 SF

      Kerrville Restaurant - Turnkey Opportunity

      8,730 sq ft Restaurant, 2.21 Acres
      2132 Sidney Baker St, Kerrville, TX 78028
      View Details
    • $3,000 /Mo
      1,950 SF

      Kerrville Retail Space on Broadway

      High-visibility retail space suitable for various business uses.
      1407 Broadway, Kerrville, TX 78028
      View Details
    • $2,000 /Mo
      3,120 SF

      Kerrville Flex Space on 11.2 Acres

      Flex-use property with creek frontage, suitable for various commercial uses.
      108 Aqua Vista Dr, Kerrville, TX 78028
      View Details
    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.
    100 Steepside Ln
    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
    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
    100 Steepside Ln, 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!