Your AI Navigator in Commercial Real Estate
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
    Back to Search
    Property profile & analytics

    Hermosa Dr Kingsland, TX 78639

    • Land
    • 362.70 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hermosa Dr

    Lot size
    362.70 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 362.7-acre tract in Kingsland, Texas, presents a unique development opportunity. Located in Llano County (APN 11502), this expansive property boasts a prime location surrounded by existing residential infrastructure, offering convenient access to utilities. Kingsland Water Supply Corp. and the Kingsland Municipal Utility District provide nearby water and wastewater services. The property's proximity to the Lighthouse Country Club golf course and Lake LBJ's Llano River arm adds significant recreational appeal. A private airstrip is conveniently located on the western border. Currently under 1-d-1 Ag valuation, resulting in low taxes, this largely flat land features fertile sandy loam soil and mature native vegetation, including numerous oak, elm, cedar, and mesquite trees. Accessible from four points, with the main entrance on Hermosa Street, the property offers potential for connection to Lake LBJ via a channel. The property's size and location within the rapidly growing Kingsland area (population over 7,000), nestled between the Llano and Colorado Rivers and Lake LBJ, make it ideal for a variety of development projects. The possibilities are endless, requiring imaginative design to realize its highest and best use. This is a truly once-in-a-lifetime opportunity. Asking price: $14,000,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kingsland
    County
    Llano
    State
    Texas
    Longitude
    -98.4826
    Latitude
    30.6488

    Comparable in this City

    • Value Estimation by Request
      368.00 Acres

      2 Co Rd

      Farms • 368.00 Acres
      2 Co Rd, Kingsland, TX 78639
      View Details
    • Value Estimation by Request
      12.98 Acres

      105 Wood Forest Rd

      Land • 12.98 Acres
      105 Wood Forest Rd, Kingsland, TX 78639
      View Details
    • Value Estimation by Request
      3.04 Acres

      97 Hidden Cv

      Land • 3.04 Acres
      97 Hidden Cv, Kingsland, TX 78639
      View Details
    • Value Estimation by Request

      102 Highland Ln

      Land
      102 Highland Ln, Kingsland, TX 78639
      View Details
    • Value Estimation by Request
      1.80 Acres

      199 High Range Dr

      Land • 1.80 Acres
      199 High Range Dr, Kingsland, TX 78639
      View Details
    • Value Estimation
      $275,000
      1.00 Acre

      136th Cir Pt

      MOBILE HOME PARK, TRAILER PARK • 1.00 Acre
      136th Cir Pt, Kingsland, TX 78639-3748
      View Details

    Similar Nearby for Sale

    • $5,255,704
      368.00 Acres

      Texas Ranch - 368 Acres

      Prime Texas Land: Hunting, Ranching, Development
      2 Co Rd 223, Kingsland, TX 78639
      View Details
    • $575,000

      19.36 Acres Near Kingsland

      19.36 acres of land suitable for building a home.
      307 19.36 Acres County Rd, Kingsland, TX 78639
      View Details
    • $1,075,000
      2,240 SF

      Kingsland Farm/Ranch Near Lake LBJ

      Custom home and well-maintained barn near Lake LBJ.
      800 Quarter Horse Cir, Kingsland, TX 78639
      View Details
    • Contact for pricing
      12.98 Acres

      Lake LBJ Residential Land Development

      13 Acres, 56 Lots, Gated Community
      105 Wood Forest Rd, Kingsland, TX 78639
      View Details
    • $275,000
      3.04 Acres

      Texas Hill Country Land - Panoramic Views!

      3+ acre lot, gated community, lake access
      97 Hidden Cv, Kingsland, TX 78639
      View Details
    • $6,260,000
      250.40 Acres

      Ranch with Hunting and Water Features

      250+ acre ranch near Kingsland, TX, with hunting and water.
      5026 W Ranch Road 1431, Kingsland, TX 78639
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      9,148 SF

      Prime Commercial Space in Kingsland

      Well-maintained commercial space in the heart of Kingsland, Texas.
      306 Ranch Road 2900, Kingsland, TX 78639
      View Details
    • $3,000 /Mo
      8,712 SF

      Highway Commercial Property in Kingsland

      Commercial property on Highway 1431, ideal for office or retail.
      3110 Fm 1431, Kingsland, TX 78639
      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.
    Hermosa Dr
    Kingsland, TX 78639
    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
    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.