1511 Main St Fredericksburg, TX 78624-5404
Property Lookup
Property profile & analytics
1511 Main St Fredericksburg, TX 78624-5404
- Commercial real estate
- 47,518 SF
- 6.16 lot acres
Property ID
US82-6066447
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Sutherlands #3118 / Big Box & Wholesale Store / Building Supply
- Donation Station / Charitable Organization
Property Details for 1511 Main St
- Year built
- 1988
- Lot size
- 6.16 lot acres
- Property size
- 47,518 SF
- Property type
- Commercial real estate
- APN
- 54260
- APU
- 54260
Description
This exceptional investment opportunity presents a brand-new, 2,403 square foot HTeaO location in Fredericksburg, Texas. Situated on a hard corner at the signalized intersection of E Main St (US Highway 290) and Friendship Ln, this property benefits from high visibility and convenient access. The 15-year absolute NNN lease boasts 1.5% annual rent increases and is backed by both entity and personal guarantees from a seasoned franchisee with a proven track record of exceeding systemwide averages. The property is part of a thriving commercial area with over 950 single-family homes and 1,200 multi-family units within a 1-mile radius, and enjoys proximity to a Walmart Supercenter, numerous schools, and the Gillespie County Fairgrounds. Fredericksburg's robust tourism industry, driven by over 100 wineries and 5 million annual visitors, further enhances the property's value. The building was constructed in 2024 and sits on a 29,925 square foot lot. The current Net Operating Income (NOI) is $144,000, representing a 6.00% cap rate and a price per square foot of $998.75. The lease includes three five-year renewal options, ensuring long-term stability and predictable income growth. This is a fee-simple ownership opportunity with 100% occupancy and significant upside potential in a rapidly growing region. The average household income within a 3-mile radius exceeds $122,000. The property's strategic location, coupled with the strength of the tenant and lease terms, makes this an attractive investment for discerning buyers.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,640,000
- 6.5%
- $3,360,000
- 7%
- $3,120,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fredericksburg
- County
- Gillespie
- State
- Texas
- Longitude
- -98.8503
- Latitude
- 30.253
- CBSA code
- 23240
- CBSA name
- FREDERICKSBURG, TX MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$36,924
$1,734,690
$1,279,370
$3,014,060
-
$1,734,690
$1,279,370
$3,014,060
