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    7490 N Us Highway 87 Fredericksburg, TX 78624
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    7490 N Us Highway 87 Fredericksburg, TX 78624

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    • Waterfront Land
    For Sale
    $850,000
    View Listing →
    31 Acres with Live Water For Sale
    $850,000

    31 Acres with Live Water

    31+ acres near Fredericksburg with creek, ideal for development.

    7490 N US Hwy 87, Fredericksburg, TX 78624
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Waterfront Land

    Property Details for 7490 N Us Highway 87

    Property type
    Waterfront Land
    Property subtype
    Bed & breakfasts

    Description

    Gorgeous 31 Acres with Live Water! Explore the beauty of Hill Country living at this breathtaking property located just 6.5 miles from downtown Fredericksburg, TX. Situated on 31.625 acres, this exceptional piece of land offers a tranquil setting with the serene Baron's Creek flowing through it. With its multiple building sites, mature oak trees, and fully fenced boundaries, the property provides endless possibilities for your dream home or a charming bed and breakfast venture. Boasting a desirable location, this hidden gem allows you to enjoy the best of Fredericksburg and its surrounding areas. Whether you're looking for a weekend getaway or a permanent residence, this property offers the perfect backdrop for a relaxed and picturesque lifestyle. Experience the benefits of low property taxes and an agricultural exemption, making this investment even more attractive. Don't miss out on this remarkable opportunity to own 7490 US 87, Fredericksburg, TX .

    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
    Fredericksburg
    County
    Gillespie
    State
    Texas
    Longitude
    -98.92916
    Latitude
    30.35795

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      Historic Fredericksburg Multi-Home B&B

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    Similar Nearby for Sale

    • $5,300,000
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      Fredericksburg Land with River Frontage

      25-acre property with home, tiny home, and river frontage.
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      Historic Cabin Near Main Street

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      Texas Wine Corridor Venue

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      394 Ranch Road 1376, Fredericksburg, TX 78624
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      Historic Fredericksburg Multi-Home B&B

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      119 W San Antonio St, Fredericksburg, TX 78624
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    • $399,500
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      Fredericksburg Commercial Property For Sale

      Commercial property with C-1 zoning suitable for various business uses.
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      View Details

    Similar Nearby for Lease

    • $7,500 /Mo

      Texas Wine Corridor Venue

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      View Details
    • Contact for pricing
      75,000 SF

      Mixed-Use Destination in Fredericksburg, TX

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      View Details
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      Mixed-Use Property on Wine Corridor

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      2,948 SF

      Fredericksburg Office Space For Rent

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      Fredericksburg Commercial Space on Main

      3200 sq ft commercial space in Fredericksburg, Texas.
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      View Details
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      2,070 SF

      Retail Space in Fredericksburg, TX

      Retail space available within a vibrant mixed-use development.
      206 N Milam St, Fredericksburg, TX 78624
      View Details
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    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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