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

    607 Ml Run Kerrville, TX 78028-9348

    • Industrial properties
    • 10,500 SF
    • 1.50 lot acres
    OFF-MARKET
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2600045
    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

    • Dietzel Aerospace Inc / Aircraft Supply Store

    Property Details for 607 Ml Run

    Year built
    2000
    Lot size
    1.50 lot acres
    Property size
    10,500 SF
    Property type
    Industrial properties
    APN
    66695
    APU
    66695

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $691,000
      Market price range: $337k - $752k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $485,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kerrville
    County
    Kerr
    State
    Texas
    Longitude
    -99.1973
    Latitude
    30.0783
    CBSA code
    28500
    CBSA name
    KERRVILLE, 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
    $11,309
    $123,624
    $675,201
    $798,825
    -
    $123,624
    $675,201
    $798,825

    Comparable in this City

    • Value Estimation by Request
      27,200 SF

      606 Mill Run

      Distribution properties • 27,200 SF
      606 Mill Run, Kerrville, TX 78028
      View Details
    • Value Estimation by Request
      875 SF

      2460 Jct Hwy

      INDUSTRIAL (GENERAL) • 875 SF
      2460 Jct Hwy, Kerrville, TX 78028-9394
      View Details
    • Value Estimation by Request
      0.51 Acres

      Ml Run

      INDUSTRIAL (GENERAL) • 0.51 Acres
      Ml Run, Kerrville, TX 78028
      View Details
    • Value Estimation by Request
      6,200 SF

      312 Ml Run

      INDUSTRIAL (GENERAL) • 6,200 SF
      312 Ml Run, Kerrville, TX 78028-9338
      View Details
    • Value Estimation by Request
      4,070 SF

      603 Ml Run

      INDUSTRIAL (GENERAL) • 4,070 SF
      603 Ml Run, Kerrville, TX 78028-9348
      View Details
    • Value Estimation by Request
      10,040 SF

      201 Peterson Dr Ste B

      INDUSTRIAL (GENERAL) • 10,040 SF
      201 Peterson Dr Ste B, Kerrville, TX 78028-2671
      View Details

    Similar Nearby for Sale

    • $2,750,000
      10,812 SF

      Kerrville Commercial Property on Junction Hwy

      9.143 acre commercial property with frontage on Junction Hwy.
      1838 Junction Hwy, Kerrville, TX 78028
      View Details
    • $697,000
      3,620 SF

      Junction Hwy Commercial Opportunity

      Versatile commercial property with highway frontage and income potential.
      1836 Junction Hwy, Kerrville, TX 78028
      View Details
    • $2,200,000
      7,192 SF

      Kerrville Commercial Property on 8+ Acres

      8.083 acre commercial property with retail, bar, and warehouse.
      1834 Junction Hwy, Kerrville, TX 78028
      View Details
    • $666,770
      28.99 Acres

      Texas Hill Country Ranch Land

      29 Acres, Hunting, Home Site
      0 Keidel Rand Rd, Comfort, TX 78028
      View Details
    • $457,000
      5.41 Acres

      Kerrville Commercial Land For Sale

      5.41 acre commercial land with frontage road access.
      S Junction Hwy, Kerrville, TX 78028
      View Details
    • $185,000
      4.02 Acres

      Kerrville Land in Loma Vista

      4.02 acre homesite in gated community near Kerrville, TX.
      S Walcott Rdg Dr, Kerrville, TX 78028
      View Details

    Similar Nearby for Lease

    • $5,500 /Mo
      5,200 SF

      Kerrville Commercial Space with Warehouse

      Versatile commercial space with offices, warehouse, and covered awning.
      87 N Coronado Dr, Kerrville, TX 78028
      View Details
    • $14 SF/Yr
      27,200 SF

      Kerrville Warehouse Space Available

      Modern Industrial Warehouses, North Kerrville
      606 Mill Run, Kerrville, TX 78028
      View Details
    • $14 SF/Yr
      27,200 SF

      Warehouse Space Available For Lease

      Warehouse space for lease starting at 3,000 square feet.
      606 Mull Rd, Kerrville, TX 78028
      View Details
    • $3,092 /Mo
      1,767 SF

      Retail Space in Office Max Plaza

      Retail spaces available in a high-traffic Kerrville shopping center.
      305-100 Sidney Baker St, Kerrville, TX 78028
      View Details
    • $2,978 /Mo
      2,220 SF

      Kerrville Retail or Office Space

      2207 SF building suitable for retail or office use.
      250 W Main St, Kerrville, TX 78028
      View Details
    • Contact for pricing
      8,730 SF

      Kerrville Restaurant - Turnkey Opportunity

      8,730 sq ft Restaurant, 2.21 Acres
      2132 Sidney Baker St, Kerrville, TX 78028
      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.
    607 Ml Run
    Kerrville, TX 78028-9348
    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.