227 Earl Garrett St Kerrville, TX 78028
This exceptional mixed-use property, located in the heart of Kerrville's vibrant historic downtown district, presents a unique investment opportunity. The Earl Garrett Commercial Condominiums encompass 14,645 square feet across five units within a two-story, 1905-built building situated on a 0.17-acre lot. The property is zoned C3/DOWNTOWN HISTORIC and includes five parking spaces. Two street-level units offer 4,980 and 4,841 square feet respectively, each with two dedicated parking spaces. These units feature ground floor and basement space. Three additional upper-level units provide 948, 1,114, and 2,762 square feet of space. The largest upper-level unit (2,762 sq ft) includes a full kitchen, two bathrooms (one with a shower, one with washer/dryer), and a central hallway, making it ideal for live/work arrangements. All units currently have long-term tenants in place. The building's prime location ensures high visibility and excellent foot and vehicle traffic. Attractive seller financing is available (80%-90%). This property offers a compelling blend of income generation and potential for future appreciation in a desirable downtown location. The building consists of one structure with a total of five units.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.