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    602 School St Boerne, TX 78006
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    602 School St Boerne, TX 78006

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    • Commercial land
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    Land with Remarkable Views For Sale
    Contact for pricing

    Land with Remarkable Views

    Land with visibility near IH-10, Highway 46, and School Street.

    602 School St, Boerne, TX 78006
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    Property ID
    US83-4066236
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 602 School St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Remarkable views with tremendous visibilty Dynamic location near IH-10, Highway 46 and School Street

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Boerne
    County
    Kendall
    State
    Texas
    Longitude
    -98.73798
    Latitude
    29.798553

    Comparable in this City

    • $10,000,000
      45.41 Acres

      Prime I-10 Frontage Land

      45+ acre commercial land with I-10 frontage in Boerne.
      33975 W Ih-10, Boerne, TX 78006
      View Details
    • $400,000

      Prime Downtown Boerne Infill Opportunity

      Rare 0.19-acre site near Main Street with C2 zoning.
      436 Turner Ave, Boerne, TX 78006
      View Details
    • Contact for pricing

      Boerne Land For Sale

      9.2 acres available in rapidly growing Boerne, Texas.
      136 Adler St, Boerne, TX 78006
      View Details
    • Contact for pricing

      3.3 Acre IH 10 Frontage

      3.3 acres with IH 10 frontage near major retail.
      W At Kendall Co And Bexar Co, Fair Oaks, TX 78006
      View Details
    • Contact for pricing

      Boerne Commercial Land For Sale

      4+/- commercial acres in Boerne, TX with C3 zoning.
      00 N Main St. & Market Ave, Boerne, TX 78006
      View Details

    Similar Nearby for Sale

    • $10,000,000
      45.41 Acres

      Prime I-10 Frontage Land

      45+ acre commercial land with I-10 frontage in Boerne.
      33975 W Ih-10, Boerne, TX 78006
      View Details
    • $400,000

      Prime Downtown Boerne Infill Opportunity

      Rare 0.19-acre site near Main Street with C2 zoning.
      436 Turner Ave, Boerne, TX 78006
      View Details
    • Contact for pricing

      Boerne Land For Sale

      9.2 acres available in rapidly growing Boerne, Texas.
      136 Adler St, Boerne, TX 78006
      View Details
    • Contact for pricing

      3.3 Acre IH 10 Frontage

      3.3 acres with IH 10 frontage near major retail.
      W At Kendall Co And Bexar Co, Fair Oaks, TX 78006
      View Details
    • Contact for pricing

      Boerne Commercial Land For Sale

      4+/- commercial acres in Boerne, TX with C3 zoning.
      00 N Main St. & Market Ave, Boerne, TX 78006
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Development Opportunity

      Mixed-use development with retail, residential, and office spaces.
      I-10 Frontage Rd And Balcones Crk, San Antonio, TX 78006
      View Details
    • Contact for pricing

      Retail Center in Boerne, Texas

      77,402 SF neighborhood center with excellent visibility and accessibility.
      1351 S Main St, Boerne, TX 78006
      View Details
    • Contact for pricing

      Industrial Space For Lease

      Industrial spaces available with dock and grade level loading.
      01 Becker Ln, Boerne, TX 78006
      View Details
    • Contact for pricing
      16,570 SF

      Boerne Retail Center For Lease

      Retail center in Boerne, Texas with high visibility.
      1000 North Main St, Boerne, TX 78006
      View Details
    • Contact for pricing
      16,570 SF

      Retail Center in Boerne, Texas

      57,622 SF neighborhood retail center with excellent visibility.
      1000-1028 N Main St, Boerne, TX 78006
      View Details
    • Contact for pricing
      1,786 SF

      Boerne Office Space Available

      Office space for lease in Boerne, Texas, 898 square feet.
      1580 S Main St, Boerne, TX 78006
      View Details
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    602 School St
    Boerne, TX 78006
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    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
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