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$249,353

NAL Estimated Property Value

516 Jefferson St, Kerrville, TX, 78028

$324,159 ARVInfo
Off MarketInfo
CommercialInfo
Baths2,460 Sq Ft
Mixed UseMixed Use
Year BuiltBuilt in 1940

Exterior

Lot Size7,575 sqft

Building Information

Year Built1988

Land Information

APN36250
Lot Number598
SubdivisionSchreiner
Land UseCommercial
Legal DescriptionSCHREINER BLK 10 LOT 598
Census Tract960500
Assessed Land Value$41,663
Assessed Improvement Value$207,690
Assessment Year2025

About this property

Downtown Kerrville, this property offers the perfect blend of urban & charming local culture. Just a short walk to the new HEB & the city parking garage, it places you within easy reach of all downtown attractions, making it ideal for both business & leisure. The property sits along the Kerrville Urban Trail System, encouraging more walking of the area. The building features a spacious backyard with mature trees, approved by the city for mobile food units. Inside, it currently houses a cocktail and coffee lounge, popular with both locals and visitors. Significant updates have been made to the property: the roof was redone in 2018, & in 2023, mini-split systems were installed for efficient heating & cooling. Additionally, the plumbing & electrical systems were fully redone in 2023, along w/the installation of a partial kitchen with grease traps, offering easy potential for conversion into a full restaurant. Zoned DAC, this property offers great flexibility for business ventures. Please note: the price is for real estate only, with bar equipment and the business available at a separate cost. Centrally located with modern updates & endless possibilities, this property is a standout.

Investor Tools

Property Icon
$249,353
Estimated Property Value
$458,528Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$324,159
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,650 /month
Positive
Cash Flow Estimate:
$1,550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$309/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,457
$249,353
2025
$41,663
$207,690
$249,353
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,457
$249,353

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bierschwale Credit & Lending Co
Purchase Money Mortgage
$505,000
No
First
Jun 21, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$458,528
N/A
0%
184%
$3,028/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Kerrville

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516 Jefferson St | Property Details | No Agent List