170 Watusi Way, Kerrville, TX 78028 – Commercial Improved Land

CommercialYear Built 2004Total Assessed Value $196,672County Kerr

Property Details

The Commercial property 170 Watusi Way, Kerrville, TX 78028 is located in Kerr County. The specific property type is Commercial Improved Land. The total assessed value of this property is $196,672.

The gross building area is 1,040 square feet and the land area is 3,346,279 square feet for this Commercial Improved Land built in 2004.

Legal description: Y O Ranchlands Lot 1A Acres 76.82

$398,238

Market Value

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Cap Rate

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NOI

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Occupancy

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1 / 4

Property Information

Property TypeCommercial

Sub Property TypeCommercial Improved Land

Building Area1,040

Land Size3,346,279

Land Value$211,255

Improved Value$186,983

Total Assessed Value$196,672

Year Built2004

County NameKerr

Account Number44589

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

Type ConstructionOther

Bathrooms1

Exterior WallsMetal

Sales History

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Mortgage History

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2025	$211,255	$186,983	$196,672	$398,238	Spencer, Tery Lee, D...	7171 Highway 6 N Ste...	Y O Ranchlands Lot 1...	YO	S6962	3,346,279	1,040
2024	$211,255	$169,985	$178,952	$381,240	Spencer, Tery Lee	D/b/a Gulf Coast Ser...	Y O Ranchlands Lot 1...	Yo	S6962	3,346,279	1,040
2023	$211,255	$169,985	$178,952	$381,240	Spencer, Tery Lee	D/b/a Gulf Coast Ser...	Y O Ranchlands Lot 1...	YO	S6962	3,346,279	1,040
2022	$211,255	$147,810	$156,550	$359,065	Spencer, Tery Lee , ...	7171 Highway 6 N Ste...	Y O Ranchlands Lot 1...	YO	S6962	3,346,279	1,040
2021	$211,255	$128,539	$137,279	$339,794	Spencer, Tery Lee	D/b/a Gulf Coast Ser...	Y O Ranchlands Lot 1...	YO	S6962	3,346,279	1,040
2020	$211,255	$128,539	$137,279	$339,794	Spencer, Tery Lee	D/b/a Gulf Coast Ser...	Y O Ranchlands Lot 1...	YO	S6962	3,346,279	1,040
2019	$270,403	$107,114	$115,183	$377,517	Spencer, Tery Lee; D...	D/b/a Gulf Coast Ser...	Y O Ranchlands Lot 1...	YO	S6962	3,346,279	1,040
2018	$245,821	$107,114	$114,863	$352,935	Spencer, Tery Lee; D...	D/b/a Gulf Coast Ser...	Y O RANCHLANDS LOT 1...	YO	S6962	3,346,279	1,040
2017	$245,821	$107,114	$114,825	$352,935	Spencer, Tery Lee; D...	D/b/a Gulf Coast Ser...	Y O RANCHLANDS LOT 1...	YO	S6962	3,346,279	1,040
2016	$245,821	$102,811	$110,522	$110,522	Spencer, Tery Lee	D/b/a Gulf Coast Ser...	Y O Ranchlands Lot 1...	YO	S6962	3,346,279	1,040

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Comparables

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	170 Watusi Way, Kerrville, TX 78028	—	-	3,346,279	2004	1,040	$ 196,672	$ 211,255	-
Txn Bank Na	527 S Us Hwy 83, Leakey, TX 78873	08/21/2025	$ 620,200	131,333	0	16,209	$ 1,337,603	$ 346,681	Hart Concan Llc
Bank Of America Na	985 Highway 41 Nw, Mountain Home, TX 78058	08/14/2025	$ 24,532,000	1,127,681	0	804	$ 48,271	$ 76,838	Mountain Home Ranch Llc
Security State Bank & Trust	107 Middle Road S, Kerrville, TX 78028	05/02/2025	$ 98,478	307,969	1984	1,368	$ 157,812	$ 80,659
Bank & Trust Ssb	Easy Street, Kerrville, TX 78028	03/26/2025	$ 200,000	56,628	2000	216	$ 78,157	$ 36,377	Red Corn Llc
Texas Partners Bank	330 Junction Hwy, Kerrville, TX 78028	02/04/2025	$ 188,111	9,210	0	9,210	$ 58,972	$ 30,393
Texas Farm Credit Svcs Flca	195 Deadend Rd, Kerrville, TX 78028	12/27/2024	$ 508,000	1,206,612	0	-	$ 2,271	$ 235,450
Farm Credit Mid America Flca	1001 Sidney Baker N, Kerrville, TX 78028	12/05/2024	$ 164,900	4,552	0	-	$ 24,711	$ 15,932
Farm Credit Mid America Flca	1001 Sidney Baker N, Kerrville, TX 78028	11/20/2024	$ 104,900	4,552	0	-	$ 24,711	$ 15,932
Rocket Mortgage Llc	1322 S Us Hwy 83, Leakey, TX 78873	10/30/2024	$ 274,725	21,780	2017	1,331	$ 152,390	$ 51,183
Dk Prop Mgmt & Associates Llc	502 Ross St, Kerrville, TX 78028	10/24/2024	$ 110,000	5,663	1945	1,571	$ 90,210	$ 25,975

Mean$ 1,292,592

Median$ 185,170.5

Loan Amount Range$ 80,000 - $ 24,532,000

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License Details

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