New Flex Space with Roll-Up
For Sale
$575,000
100b-451 Farrell Rd, Dripping Springs, TX 78620
Newly constructed flex space with a grade-level roll-up door, secure gated setting, and 200-amp electrical service.
Property Size1,750 SF
Price / SF$328.57
Days on Market119
Property Features for 100b-451 Farrell Rd
General Information
Standard status
Active
Size
1,750 SF
Warehouse & Industrial
Drive-In Doors
1
Heavy Power
Yes
Listing Agency:
Stanberry REALTORS
(512) 894-3488
Listed By:
Scott Daves · License #0470497
(512) 415-2265
Source:
Exprealty
Added: Jun 24
Changed: Oct 14
Last Checked: Oct 19 at 7:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stanberry REALTORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Newly constructed flex space designed for versatile use, offering approximately 1,750 square feet of ground-floor area plus an 800-square-foot mezzanine. The layout is supported by a 12’ x 14’ grade-level roll-up door for convenient loading and day-to-day operations. Electrical service is provided at 200 amps, with the ability to upgrade to 400 amps to support future growth.
Set within a secure gated development, the property is positioned between Dripping Springs and Henly, with convenient access to Austin, Johnson City, Blanco, and surrounding Hill Country communities.
This is a practical owner-user and investor-friendly configuration for users needing a mix of office or operational space and storage or work-area flexibility within a controlled-access environment.
Set within a secure gated development, the property is positioned between Dripping Springs and Henly, with convenient access to Austin, Johnson City, Blanco, and surrounding Hill Country communities.
This is a practical owner-user and investor-friendly configuration for users needing a mix of office or operational space and storage or work-area flexibility within a controlled-access environment.
Key Highlights
- Newly constructed flex space offering approx. 1,750 SF of ground‑floor space plus an 800 SF mezzanine
- Grade‑level 12’ x 14’ roll‑up door for efficient access and workflow
- Secure gated development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,619
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,380
$352.4K
Cap Rate 7%
$251,700
$251.7K
Cap Rate 9%
$195,767
$195.8K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$26.0K $14.88/SF
− Vacancy
−$5.3K −$3.04/SF
EGI
$20.7K $11.84/SF
− OpEx
−$3.1K −$1.78/SF
NOI
$17.6K $10.07/SF
Area
Hays County, TX
Vacancy
20.40%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,380
Cap Rate 7%
$251,700
Cap Rate 9%
$195,767
Alternative Uses
Best Use
Warehouse
$251.7K
$220.2K – $293.7K
NOI $17,619 @ 7.0% cap · market cap 3.06%
Second Best
Industrial
$223.7K
$195.7K – $261.0K
NOI $15,658 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$731.5K
$640.1K – $853.5K
NOI $51,208 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78620, TX
20,493
Population
7,929
Households
2.6
Avg Household Size
43
Median Age
62%
College-Educated
97%
High-School Grad
175.6 sq mi
ZIP Area
117
Density / Sq Mi
$146,551
Median Household Income
$58,583
Median Earnings
$1,674
Median Rent
$624,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Newly constructed flex space with a grade-level roll-up door, secure gated setting, and 200-amp electrical service.
Where is this flex space located?
The property is located at 100b-451 Farrell Rd Dripping Springs, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Newly constructed flex space offering approx. 1,750 SF of ground‑floor space plus an 800 SF mezzanine; Grade‑level 12’ x 14’ roll‑up door for efficient access and workflow; Secure gated development
