New Flex Space with Roll-Up
100b-451 Farrell Rd Dripping Springs, TX 78620
100b-451 Farrell Rd, Dripping Springs, TX, 78620
$575,000
For Sale
$575,000
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 Market28
Property Features for 100b-451 Farrell Rd
General Information
- Standard status
- Active
- Size
- 1,750 SF
Listing Agency
Stanberry REALTORS
(512) 415-2265
Listed by
Scott Daves · License #0470497
(512) 415-2265
Source
Exprealty
Added: Jun 24 Updated: Jul 20 at 3:22 am Checked: Jul 20 at 3:22 am
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
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
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.0k | $14.88 |
| − Vacancy | −$5.3k | −$3.04 |
| EGI | $20.7k | $11.84 |
| − OpEx | −$3.1k | −$1.78 |
| NOI | $17.6k | $10.07 |
1,750 SF · lease $14.88/SF/yr · vacancy 20.40% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
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
