28000 Ranch Road 12, Dripping Springs, TX 78620 - MLS# 4466164

Indus Bldg-Office/Warehouse for Sale in Dripping Springs > 78620 > Philip A Smith Surv > 28000 Ranch Road 12


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$4,305,000 $2,300/m

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Square Ft.
Year Built
MLS® #: 4466164 Active, 172 Days on Market

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.

Price History for 28000 Ranch Road 12

Date MLS # Details Price
4466164 - Commercial Sale New (0 days total) $4,305,000
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Property Details for 28000 Ranch Road 12

Size and Restrictions
  • Acres: 1.73
  • $/Acre: $2,488,439
  • Land Area: 1.73 - Acreage
  • FEMA 100 Yr Floodplain: No
  • Restrictions: Yes - City Restrictions
  • Property Subtype: Commercial Sale - Indus Bldg-Office/Warehouse
  • Building Area: Owner
  • Parking: 50 - 3 - Common
  • Water: City
  • Separate Meter: Yes
  • Utilities: Electricity on Property
  • Sewer: City on Property

Interior Features for 28000 Ranch Road 12

Heating and Cooling
  • Heating: Central Heat
  • Air Conditioning: Central Air
Interior Features
  • Disability: No

Building Information for 28000 Ranch Road 12

Building Information
  • Condition: As-Is
  • Foundation: Slab
Garage and Parking
  • Parking: 50 - 3 - Common

Financials for 28000 Ranch Road 12

Financial Information
  • $/Square Foot: $150
  • $/Acre: $2,488,439
Property Taxes
  • Estimated Taxes: $19,829
  • Tax Rate: 2.26% - 2017
  • Tax ID: 1004150315000004

Properties for Sale Similar to 28000 Ranch Road 12, Dripping Springs, TX View On Map

Property Listed by: Realty Austin

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from December 13th, 2018 at 3:10pm CST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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