Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Harper Valley Rd Harper, TX 78631

    • Land
    • 10.60 lot acres
    For Sale
    View listing
    $195,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Harper Valley Rd

    Lot size
    10.60 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This 10.6-acre Texas Hill Country farm, located on Harper Valley Road in Gillespie County, offers a unique opportunity. The property boasts fairly level terrain with good soil, minimal cedar, rock, and cactus. Scattered smaller live oaks provide natural beauty. Backing up to a large ranch ensures privacy. Most of the perimeter is enclosed by high game-proof fencing; a 994-foot section is unfenced but clearly marked. Recently divided from a neighboring property and duly recorded in February 2023 at the Kerr County Courthouse, this land is agriculturally exempt, though taxes are yet to be assessed. Currently supporting five Aberdeen Angus cattle and one Longhorn bull, the animals may remain or be removed, or a lease-back agreement with the seller could maintain the tax exemption—all negotiable. Conveniently located approximately 21 miles northwest of downtown Kerrville and 11 miles southwest of Harper, the property sits on a paved Kerr County road that dead-ends beyond the property line, enhancing its country privacy. The elevation is approximately 2225 feet. Note that a 50-foot-wide easement for a cross-country underground gas pipeline runs across the northeast boundary for a distance of 753 feet. This easement is not considered to affect property usage. This is an exceptional opportunity to own a piece of Texas Hill Country.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harper
    County
    Gillespie
    State
    Texas
    Longitude
    -99.2909
    Latitude
    30.2113

    Comparable in this City

    • Value Estimation by Request
      10.09 Acres

      Reeh Rd

      Farms • 10.09 Acres
      0 Reeh Rd, Fredericksburg, TX 78631
      View Details
    • Value Estimation by Request
      11.30 Acres

      Us-290

      Farms • 11.30 Acres
      0 Us-290, Harper, TX 78631
      View Details
    • Value Estimation by Request
      21.14 Acres

      556 Clf Vw Loop

      Farms • 21.14 Acres
      556 Clf Vw Loop, Kerrville, TX 78631
      View Details
    • Value Estimation by Request
      5.11 Acres

      81 Maverick Subd. Stock Pond Dr

      Farms • 5.11 Acres
      81 Maverick Subd. Stock Pond Dr, Harper, TX 78631
      View Details
    • Value Estimation by Request
      28.15 Acres

      170 Goose Lndg Way

      Farms • 28.15 Acres
      170 Goose Lndg Way, Harper, TX 78631
      View Details
    • Value Estimation by Request
      72.94 Acres

      Cr443

      Farms • 72.94 Acres
      0 Cr443, Harper, TX 78631
      View Details

    Similar Nearby for Sale

    • $195,000
      10.60 Acres

      Harper Valley Ranch: 10.6 Acres

      Texas Hill Country farm, level land, great soil.
      0 Harper Valley Rd, Harper, TX 78631
      View Details
    • $1,595,000
      72.94 Acres

      Texas Hill Country Ranch - 72 Acres

      Prime hunting & residential acreage. Owner financing available.
      0 Cr443, Harper, TX 78631
      View Details
    • $3,650,000
      21.14 Acres

      Texas Hill Country Ranch Estate

      Luxurious lakeside ranch, 21 acres, Hill Country views.
      556 Clf Vw Loop, Kerrville, TX 78631
      View Details
    • $350,000

      Texas Hill Country Land Parcel

      10.483-acre parcel between Fredericksburg and Kerrville.
      S Ranch Road 783, Harper, TX 78631
      View Details
    • $3,973,000
      137.99 Acres

      Texas Hill Country Ranch Land

      137+ acre ranch with hilltop views and spring-fed creeks.
      481 -- Living Water Rnch Rd, Harper, TX 78631
      View Details
    • $530,000

      28 Acres Unrestricted Land, Cabin

      28+ acres with cabin, metal building, unrestricted, hunting paradise.
      857 Dallas-Josie, Harper, TX 78631
      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.
    Harper Valley Rd
    Harper, TX 78631
    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

    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.