Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5386 Farm To Market 1376 Fredericksburg, TX 78624
    Back to Search
    Property profile & analytics

    5386 Farm To Market 1376, Fredericksburg, TX 78624

    View on Map
    • Residential income homes
    • 0.11 lot acres
    For Sale
    $199,500
    View Listing →
    Firefly Resort Lot: Income Property For Sale
    $199,500

    Firefly Resort Lot: Income Property

    Texas Hill Country rental lot; great investment.

    5386 Farm To Market 1376, Fredericksburg, TX 78624
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 5386 Farm To Market 1376

    Lot size
    0.11 lot acres
    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a single-family rental lot within the prestigious Firefly Resort community in Fredericksburg, Texas. Located at 5386 Farm to Market 1376 #65, Gillespie County, this 0.11-acre lot (Lot 65) offers an income-producing potential within a luxury RV resort setting. The property is part of a gated community boasting upscale amenities including a resort-style swimming pool, clubhouse, outdoor kitchen and grills, a dog park, and a playground. Community events are regularly held. The lot itself is fully fenced, providing added security and privacy. Its prime location offers stunning views of the Texas Hill Country and is conveniently situated near numerous wineries, breweries, distilleries, Wild Seed Farms, Luckenbach, and Fredericksburg's Main Street. The asking price for this Class C multifamily property is $199,500. This represents a unique chance to acquire a turnkey income-generating asset in a highly desirable location. The property's proximity to popular attractions and the resort's luxurious amenities contribute to its strong rental potential. This is an ideal investment for those seeking a low-maintenance, high-return property in the heart of Texas wine country. The zip code is 78624.

    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
    -98.7466
    Latitude
    30.1742

    Comparable in this City

    • Value Estimation by Request
      2,240 SF

      516 Silver Maple St

      Multifamily properties
      516 Silver Maple St, 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

      712 Bowie St

      Residential income properties
      712 Bowie St, Fredericksburg, TX 78624
      View Details
    • Value Estimation by Request

      Buckskin Path

      Land
      0 Buckskin Path, Fredericksburg, TX 78624
      View Details
    • Value Estimation by Request
      64.49 Acres

      Pressler-Henke Rd

      Farms
      0 Pressler-Henke Rd, Fredericksburg, TX 78624
      View Details
    • Value Estimation by Request
      4.36 Acres

      000 Badger Rdg

      Land
      000 Badger Rdg, Fredericksburg, TX 78624
      View Details

    Similar Nearby for Sale

    • $199,500
      0.11 Acres

      Firefly Resort Lot: Income Property

      Texas Hill Country rental lot; great investment.
      5386 Farm To Market 1376, Fredericksburg, TX 78624
      View Details
    • $125,000

      RV Site in Arch Ray Resort

      Desirable RV site with income potential near Fredericksburg's Main Street.
      4584 E Us Highway 290, Fredericksburg, TX 78624
      View Details
    • $150,000
      Pending

      Luxury RV/Tiny Home Site

      RV/Tiny Home site in Fredericksburg resort community.
      5386 Ranch Road 1376, Fredericksburg, TX 78624
      View Details
    • Contact for pricing
      2,279 SF

      Historic Fredericksburg B&B Investment Opportunity

      Turnkey B&B complex in Fredericksburg's Historic District.
      514 W Austin St, Fredericksburg, TX 78624
      View Details
    • Contact for pricing

      Versatile Estate with Income Potential

      12-acre estate with short-term rental income and expansion potential.
      95 Loma Ln, Fredericksburg, TX 78624
      View Details

    Similar Nearby for Lease

    • 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
      13,504 SF

      Fredericksburg Commercial Space For Lease

      3200 sq ft commercial space in the heart of Fredericksburg.
      1603 E Main St, 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
      2,948 SF

      Fredericksburg Office Space For Rent

      Office space available in Fredericksburg, Texas.
      805 W Main St, 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
      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
    View Listing
    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.
    5386 Farm To Market 1376
    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
    5386 Farm To Market 1376, 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!