x
Address
28000 Ranch Road 12 Dripping Springs, TX
Price
$ 4,305,000
Property Attributes
  • MLS#4466164
  • TypeCommercial
  • CountyHAYS
  • CityDripping Springs
  • AreaDripping Springs-Wimberley
  • NeighborhoodPhilip A Smith Surv 26
  • Zip78620
  • StyleIndus Bldg-Office/Warehouse
  • Taxes19829
  • Price$ 4,305,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage28700
Listing Provided Courtesy Of:
Realty Austin
Property Description

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.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
6/22/2018 Listed $4,305,000

General Features

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

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 78620

Price
AVG $950K
$4.31M
Taxes
AVG $4,909
$19,829
Visits
AVG 41
21
Walkscore
AVG 20
26

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