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Property profile & analytics
OFF-MARKET
Medical Office Space

402 Water St Kerrville, TX 78028

832 SF 0.15 ac lot Built 1922
Property ID
US83-2619389
Property summary
AI-generated overview

This charming, circa 1922, 832-square-foot cottage in Kerrville, Texas, presents a unique investment opportunity. Currently operating as a successful vacation rental, this property boasts two bedrooms and one bathroom, showcasing original features like hardwood floors and a clawfoot tub. The property sits on a 0.15-acre lot and includes a spacious fenced backyard with a firepit and a separate storage/shop area. A deep covered rear deck and a private outdoor shower add to its appeal. The property benefits from ample off-street parking (5 spaces) and is conveniently located near Kerrville's shopping, dining, and entertainment options. Zoned R1/RT, this mixed-use property offers versatile commercial possibilities, including long-term or short-term rentals, office space, or a small business. The building, with one story and one unit, is easily accessible and provides excellent natural light. Its historic character, combined with its income-generating potential and flexible zoning, makes it an attractive investment in a desirable Texas location. The property's APN is 40520. A virtual tour is available.

Property profile
Verified
Property type Medical Office Space
Year built 1922
Total area 832 SF
Lot 0.15 ac (6,534 SF)
APN 40520
UPID US83-2619389
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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