Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10303 Highway St Fredericksburg, TX 78624
    Back to Search
    Property profile & analytics

    10303 Highway St, Fredericksburg, TX 78624

    View on Map
    • Retail properties & Spaces
    • 5,984 SF
    • 3.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Inwood Estates Vineyards Winery & Bistro / Brewery & Distillery / Specialty Food Shop

    Property Details for 10303 Highway St

    Year built
    2012
    Lot size
    3.20 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Mixed-use properties

    Description

    This exceptional 3.2-acre estate in Fredericksburg, Texas, presents a unique investment opportunity. Located on Hwy 290, it boasts 618± feet of highway frontage and 375± feet of Grape Creek frontage. The property includes a 5,984-square-foot building currently leased to Inwood Estates Vineyards Winery & Bistro (business not included). The sale encompasses the real estate only. Features include abundant parking, a 45-GPM well, access to a 200-GPM public water supply, and a septic system. Built in 2012, this multi-unit storefront property offers a prime location in the Texas Hill Country Wine Corridor, enhanced by a prominent Hwy 290 billboard. The property is zoned for mixed-use, hospitality, and retail purposes. The asking price is $2,490,000, with a price per square foot of $416.11. Showings are by appointment only

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Gillespie
    State
    Texas
    Longitude
    -98.7268
    Latitude
    30.2235

    Comparable in this City

    • Value Estimation by Request
      26.90 Acres

      10219 Highway St

      Restaurants
      10219 Highway St, Fredericksburg, TX 78624
      View Details
    • Value Estimation by Request
      31.86 Acres

      2474 Goehmann Ln

      Farms
      2474 Goehmann Ln, Fredericksburg, TX 78624
      View Details
    • Value Estimation by Request
      1,793 SF

      301 Adams St

      Day care centers
      301 Adams St, Fredericksburg, TX 78624
      View Details
    • Value Estimation by Request
      13.90 Acres

      10207 Us-290

      Individual retail properties
      10207 Us-290, Fredericksburg, TX 78624
      View Details
    • Value Estimation by Request
      13.00 Acres

      10279 Us-290

      Restaurants
      10279 Us-290, Fredericksburg, TX 78624
      View Details
    • Value Estimation by Request
      6,142 SF

      554 Seven Falls Dr

      Hotels
      554 Seven Falls Dr, Fredericksburg, TX 78624
      View Details

    Similar Nearby for Sale

    • $875,000
      1.41 Acres

      Historic Renovated Home on Acreage

      Renovated historic home on 1.5 acres near downtown Fredericksburg.
      1461 S Us Highway 87, Fredericksburg, TX 78624
      View Details
    • $9,995,000
      9,431 SF

      Fredericksburg Ranch with Water Resources

      100-acre ranch with multiple homes and development potential.
      283-A Hallford Ln, Fredericksburg, TX 78624
      View Details
    • New
      $3,600,000
      3,849 SF

      Vineyard Estate with Event Facilities

      Hill Country wine estate with US Hwy 290 and Grape Creek frontage, plus tasting, events, and guest accommodations.
      10207 Us Highway 290 E, Fredericksburg, TX 78624
      View Details
    • $3,500,000
      59.54 Acres

      Texas Hill Country Redevelopment Opportunity

      Versatile 60-acre property near Fredericksburg with redevelopment potential.
      1213 Kott Rd, Fredericksburg, TX 78624
      View Details
    • $9,900,000
      17,000 SF

      Turnkey Winery on Highway 290

      Winery with tasting room, water well, and residential accommodations.
      12346 E Us Highway 290, Fredericksburg, TX 78624
      View Details

    Similar Nearby for Lease

    • $1,700 /Mo
      7,030 SF

      Mixed-Use Property on Wine Corridor

      Lease opportunity near Fredericksburg with multiple bays and RV slots.
      16619 East Us Highway 290, Fredericksburg, TX 78624
      View Details
    • Contact for pricing

      Retail Space Across From H-E-B

      Versatile retail space with excellent visibility in Fredericksburg, TX.
      104 East Ufer St, Fredericksburg, TX 78624
      View Details
    • Contact for pricing
      10,019 SF

      Historic Fredericksburg Commercial Gem

      Prime commercial property with historic charm and flexible possibilities.
      421 W Main St, Fredericksburg, TX 78624
      View Details
    • Contact for pricing

      Texas Wine Corridor Venue

      Lease opportunity in the Texas wine corridor near Fredericksburg.
      394 Ranch Road 1376, Fredericksburg, TX 78624
      View Details
    • Contact for pricing
      2,070 SF

      Retail Space in Fredericksburg, TX

      Retail space available within a vibrant mixed-use development.
      206 N Milam St, Fredericksburg, TX 78624
      View Details
    • Contact for pricing
      75,000 SF

      Mixed-Use Destination in Fredericksburg, TX

      22-acre mixed-use destination with retail, restaurant, and hotel space.
      1238 W Us Highway 290, Fredericksburg, TX 78624
      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.
    10303 Highway St
    Fredericksburg, TX 78624
    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
    10303 Highway St, Fredericksburg, TX, 78624
    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!