$4,305,000 28000 Ranch Road 12 Dripping Springs, TX

MLS: 4466164   Type: Commercial   County: Hays   City: Dripping Springs   Area: Dripping Springs-wimberley   Neighborhood: Philip A Smith Surv 26   Zip: 78620   Style: Indus Bldg-Office/Warehouse     Taxes: $19,829

Mortgage $20,211 /mo



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100% Leased, single tenant. 8% Cap rate. $12/ft absolute net 38 month lease with 2- 2 YR options for renewal. Annual NOI $344,400, $28,700/month. Main building is the old Dripping Springs Hardware store, was renovated in 2008. It is 20,7000 sqft w/ approx 4000 sq ft showroom/office with HVAC, & the remainder is 2 story warehouse/ production space. Addl building was built in 2017, 8000 sq ft w/24 ft high ceilings & adjustable lift loading docks. Unique property with strong redevelopment potential.

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Price History

6/22/2018 Listed $4,305,000

Area HD
Fema 100 Yr Flood Plain No
Property Sub Type Indus Bldg-Office/Warehouse
Region Dripping Springs/Wimberley
Subdivision Name Philip A Smith Surv 26
Terms Offered Cash, Conventional

Interior Features

Air Conditioning Central Air
Heating Central Heat
Utilities Electricity on Property

Exterior Features

Foundation Details Slab
Freeway Highway Distance Up to 1 mile
Land Description Corner Lot
Parking Common
Parking Ratio 2.50
Parking Spaces 50
Sewer City on Property
Water Source City
Waterfront 0

Property Schools

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Property vs Zip Code Avg (78620)

Price 4.30M Avg 864K

Sqr Feet 28,700 Avg 2,785

Cost / Sqr Ft $150 Avg $310

Taxes $19,829 Avg $4,849

Visits 7 Avg 33

Days on Site 29 Avg 187

Walkscore® 26 Avg 23

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Listing Provided Courtesy Of: Realty Austin

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Location & Address

eXp Realty Austin
9600 Great Hills Trail Suite 150W
Austin, TX