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

    7490 Us Highway 87 Fredericksburg, TX 78624

    • Commercial real estate
    • 31.63 lot acres
    For Sale
    View listing
    $995,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5813923
    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 7490 Us Highway 87

    Lot size
    31.63 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 31.625-acre property in Gillespie County, Texas, presents a unique opportunity for Hill Country living. Located just 6.5 miles from downtown Fredericksburg at 7490 US Hwy 87, this fully fenced ranch boasts a live water stream (Baron's Creek) traversing the land. Mature oak trees dot the landscape, providing ample shade and natural beauty. The property features multiple potential building sites, ideal for a custom home, charming bed and breakfast, or other ventures. Its convenient location offers easy access to Fredericksburg's amenities while maintaining a tranquil, secluded atmosphere. The land is currently designated for agricultural exemption, resulting in low property taxes, making this a financially attractive investment. The asking price is $995,000, translating to $41,107 per acre. The property's zoning and potential uses should be verified independently. This is a rare opportunity to own a piece of Texas Hill Country paradise. The zip code is 78624.

    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
    Fredericksburg
    County
    Gillespie
    State
    Texas
    Longitude
    -98.936814540985
    Latitude
    30.361436916386

    Comparable in this City

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    Similar Nearby for Sale

    • $3,595,000
      48.09 Acres

      Historic Homestead with Multiple Residences

      Pioneer homestead featuring three homes on 48 acres.
      1410 -- Grapetown Rd, Fredericksburg, TX 78624
      View Details
    • $3,895,000
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      Texas Hill Country Ranch Estate

      Luxury 36-acre ranch, equestrian facilities
      5862 Ranch Road 965, Fredericksburg, TX 78624
      View Details
    • $1,250,000
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      9.8 Acres with Creek and Pool

      Fredericksburg property perfect for short-term rentals with creek.
      661 -- Sandy Ln, Fredericksburg, TX 78624
      View Details
    • $740,000
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      Texas Hill Country Retreat

      16-acre unrestricted property with rental income potential in Fredericksburg, TX.
      3167 -- Keese Rd, Fredericksburg, TX 78624
      View Details
    • $599,000

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      Cabin on 15 acres, ideal for short-term rental.
      117 Hawk Rd, Fredericksburg, TX 78624
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    Similar Nearby for Lease

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    • Contact for pricing
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      Mixed-Use Destination in Fredericksburg, TX

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      Updated Office Suite in Fredericksburg

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    7490 Us Highway 87
    Fredericksburg, TX 78624
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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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