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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    483 Grand Oaks Dr Harper, TX 78631

    • Commercial real estate
    • 3,886 SF
    For Sale
    View listing
    $2,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6383763
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 483 Grand Oaks Dr

    Property size
    3,886 SF
    Property type
    Commercial real estate

    Description

    This exceptional 605,048.4 sq ft property in Harper, Texas (zip code 78631), presents a unique investment opportunity. The 3,886 sq ft retail space is complemented by four existing homes, totaling seven bedrooms and 6.5 bathrooms. A potential eighth sleeping area could be created by converting the existing school room into an efficiency apartment. The property includes an expansive outdoor entertainment area complete with a wood-burning fireplace, kitchen, storage room, and a half-bath. Three wells and two septic systems are in place. The land offers ample space for livestock, such as goats and chickens. The property is securely enclosed by an automatic gate and perimeter fencing, providing privacy and tranquility. Currently generating income through month-to-month renters, this property is ideally suited for a family compound, short-term rentals, or an event venue. Most furniture is negotiable, offering a turnkey operation. The property's versatility and numerous features make it a truly remarkable investment. Located in the desirable Texas Hill Country, this property offers endless possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Harper
    County
    Gillespie
    State
    Texas
    Longitude
    -99.0365088
    Latitude
    30.3008834

    Comparable in this City

    • $230,000
      11.04 Acres

      Harper, TX Industrial Land Tract

      11-Acre Industrial Lot, Owner Financing Available
      78631 Usa, Harper, TX 78631
      View Details
    • $3,650,000
      21.14 Acres

      Texas Hill Country Ranch Estate

      Luxurious lakeside ranch, 21 acres, Hill Country views.
      556 Clf Vw Loop, Kerrville, TX 78631
      View Details
    • $189,000
      6.54 Acres

      Harper, TX Land For Sale

      6.54 acre lot in a 500-acre ranch community.
      277 Apache Trce, Harper, TX 78631
      View Details
    • $179,000
      6.38 Acres

      Land For Sale Near Harper

      6.38 acre lot perfect for livestock and horses.
      146 Apache Trce, Harper, TX 78631
      View Details
    • $249,000
      8.53 Acres

      Harper, TX Ranch Land

      8.53 acre ranch land near Harper, Texas.
      165 Apache Trce, Harper, TX 78631
      View Details
    • $169,000
      5.35 Acres

      Harper, TX Land For Sale

      5.35 acre lot in a 500-acre ranch community.
      117 Apache Trce, Harper, TX 78631
      View Details

    Similar Nearby for Sale

    • $220,000
      11.04 Acres

      Harper, TX Industrial Land Tract

      11-Acre Industrial Lot, Owner Financing Available
      78631 Usa, Harper, TX 78631
      View Details
    • $530,000

      28 Acres Unrestricted Land, Cabin

      28+ acres with cabin, metal building, unrestricted, hunting paradise.
      857 Dallas-Josie, Harper, TX 78631
      View Details
    • $280,000
      10.10 Acres

      Harper, TX Wooded Land Tract

      10.1 acre wooded tract suitable for modular homes and barndominiums.
      10 -- Sweet Wind Ln, Harper, TX 78631
      View Details
    • $159,000
      5.18 Acres

      Harper, TX Land For Sale

      5.18 acre lot perfect for building your dream home.
      187 Nantan Ln, Harper, TX 78631
      View Details
    • $189,000
      6.56 Acres

      Land in Harper, Texas

      Residential land for sale in a ranch community.
      265 Apache Trce, Harper, TX 78631
      View Details
    • $575,000
      25.00 Acres

      Texas Hill Country Retreat

      25-acre retreat with views, improvements, and furnished manufactured home.
      22874 Rd 385, Harper, TX 78631
      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.
    483 Grand Oaks Dr
    Harper, TX 78631
    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

    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.