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Property profile & analytics
OFF-MARKET
Medical Office Space

413 Water St Kerrville, TX 78028

1,447 SF 0.18 ac lot Built 1940
Property ID
US83-2632247
Property summary
AI-generated overview

This meticulously renovated 1940s cottage offers 1,447 square feet of versatile commercial space in the heart of Kerrville, Texas. Located on Water Street, just blocks from Junction Highway, this property enjoys a prime location within walking distance of restaurants and shops. The building, which features one story and one unit, underwent a complete 2023 renovation, including updated plumbing, electrical, and HVAC systems. The charming cottage style has been preserved, complemented by modern amenities such as a new metal roof and energy-efficient double-pane windows. The interior boasts beautifully refinished original hardwood floors and designer lighting and fixtures. The 0.18-acre lot includes a fenced backyard offering ample space for outdoor use. Zoned RT, this property allows for diverse uses, including residential, short-term rental, office, or retail. With three bedrooms, this property presents a unique opportunity for a long-term investment in a rapidly growing area of Kerrville. The asking price is $330,000, with a price per square foot of $228.06. This is a rare opportunity to acquire a turnkey commercial property in a highly desirable location. The property's central location and flexible zoning make it an exceptional investment prospect.

Property profile
Verified
Property type Medical Office Space
Year built 1940
Total area 1,447 SF
Lot 0.18 ac (7,841 SF)
UPID US83-2632247
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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