$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 943K

Sqr Feet 28,700 Avg 2,743

Cost / Sqr Ft $150 Avg $344

Taxes $19,829 Avg $4,777

Visits 22 Avg 41

Days on Site 94 Avg 225

Walkscore® 26 Avg 21

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Listing Provided Courtesy Of: Realty Austin

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Location & Address

Mike Cusimano
13809 Research Blvd. ste.275
Austin, TX