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

    N Lee St, TX

    • Commercial real estate
    • 21.04 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8057729
    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 N

    Lot size
    21.04 lot acres
    Property type
    Commercial real estate
    APN
    91676
    APU
    91676

    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
    Lee St
    County
    Gillespie
    State
    Texas
    Longitude
    -98.8599
    Latitude
    30.271
    CBSA code
    23240
    CBSA name
    FREDERICKSBURG, 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
    2022
    $0.00
    $616,980
    $0.00
    $616,980
    -
    $616,980
    $0.00
    $616,980

    Comparable in this City

    • Value Estimation by Request

      942/944 Fm 3351

      Commercial real estate
      942/944 Fm 3351, Kendalia, TX
      View Details
    • Value Estimation by Request

      944 Fm 3351

      Commercial real estate
      944 Fm 3351, Kendalia, TX
      View Details
    • Value Estimation by Request
      2,618 SF

      102 Pecan St

      Commercial real estate • 2,618 SF
      102 Pecan St, Cibolo, TX
      View Details
    • Value Estimation by Request
      2,720 SF

      529 Hwy 46

      Commercial real estate • 2,720 SF
      529 Hwy 46, Boerne, TX
      View Details
    • Value Estimation by Request
      6,069 SF

      317 Center St

      Commercial real estate • 6,069 SF
      317 Center St, Sabinal, TX
      View Details
    • Value Estimation by Request

      Westwood Loop

      Land
      0 Westwood Loop, San Antonio, TX undefined
      View Details

    Similar Nearby for Sale

    • $799,000
      2,724 SF

      Boerne Commercial Space - Hwy 46

      Versatile Warehouse Space, Prime Location
      529 Hwy 46, Boerne, TX
      View Details
    • $395,000
      1,170 SF

      Round Rock Warehouse - End Unit

      1,170 SF warehouse, prime location, high ceilings.
      2100 Double Creek Dr, Round Rock, TX
      View Details
    • Contact for pricing
      20,473.20 Acres

      East Austin Mixed-Use Land

      Prime 0.47-acre development site in booming East Austin.
      2301 Webberville Road, Austin, TX
      View Details
    • Contact for pricing
      17,859.60 Acres

      East Austin Development Opportunity

      Prime 0.41-acre site, ideal for investors.
      1410 East 12th Street, Austin, TX
      View Details
    • Contact for pricing
      112,000.00 Acres

      Austin Industrial/Flex Build-to-Suit

      Prime East Austin location, 112,000 SF build-to-suit.
      SH 130 AND FM 969, Austin, TX
      View Details
    • Contact for pricing

      Retail Property Near New HEB

      Retail property shadow-anchored by HEB and Memorial Hermann Care Center.
      4550-4625 Kingwood Dr, Kingwood, TX
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      101,416 SF

      Austin Office Space: Lamar Towers

      Two five-story buildings, 101,416 SF, NNN lease.
      7701 - 7703 N Lamar Blvd, Austin, TX
      View Details
    • Contact for pricing
      6,800 SF

      Multi-Tenant Building with Drive-Thru

      6,800 SF multi-tenant building with drive-thru end cap.
      33701 Us-281, Bulverde, TX
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space with Drive Thru

      Retail spaces available in new development with highway visibility.
      1355 Us-377, Roanoke, TX
      View Details
    • Contact for pricing
      4,640 SF

      Freestanding Retail Building For Lease

      4,640 SF freestanding building suitable for medical, retail, or restaurant.
      7760 S State Hwy, Sachse, TX
      View Details
    • $1.65 SF/Yr
      3,400 SF

      Killeen Office Space For Rent

      Office space available for lease in Killeen, Texas.
      3106 So Ws Young Dr, Killeen, TX
      View Details
    • $24 SF/Yr
      2,080 SF

      Renovated Office/Showroom with Yard

      Newly renovated office/showroom with yard space available for lease.
      4336 Us 377, Aubrey, TX
      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.
    N
    Lee St, TX
    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.