Brand-New Flex Space with Roll-Up
101-451 Farrell Road Dripping Springs, TX 78620
For Sale
$695,000
New flex building offers ground-level space plus mezzanine, served by two 12' x 14' roll-up doors and 200-amp power.
Property Size4,700 SF
Price / SF$147.87
Days on Market37
Property Features for 101-451 Farrell Road
General Information
Standard status
Active
Size
4,700 SF
Listing Agency:
Friedman Real Estate, Inc.
(512) 924-5323
Listed By:
Josh Friedman · License #0451763
(512) 924-5323
Source:
Exprealty
Added: Jun 24
Changed: Jul 26
Last Checked: Jul 29 at 5:18PM
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 Friedman Real Estate, Inc.
Investment Insights
Based on property information with market context.
This brand-new flex space includes 3,500 square feet of ground-level area along with an additional 1,200 square feet of mezzanine space. The building is designed for practical operations, featuring two 12' x 14' roll-up doors for straightforward loading and access. Electrical service includes 200 amps, with the ability to upgrade to 400 amps.
Located at 101-451 Farrell Road in Dripping Springs, the property sits within a secure, gated development. The public remarks describe the site as positioned between Dripping Springs and Henly, with access to Austin, Johnson City, Blanco, and the greater Hill Country.
The combination of ground-level and mezzanine space, paired with roll-up door access and upgradeable power, supports a flexible layout for a variety of light industrial and storage-oriented uses.
Located at 101-451 Farrell Road in Dripping Springs, the property sits within a secure, gated development. The public remarks describe the site as positioned between Dripping Springs and Henly, with access to Austin, Johnson City, Blanco, and the greater Hill Country.
The combination of ground-level and mezzanine space, paired with roll-up door access and upgradeable power, supports a flexible layout for a variety of light industrial and storage-oriented uses.
Key Highlights
- Brand‑new flex building with 3,500 SF ground‑level space plus 1,200 SF mezzanine
- Two 12' x 14' roll‑up doors for ground‑level access
- 200‑amp electrical service in place with ability to upgrade to 400 amps
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 | $69.9k | $14.88 |
| − Vacancy | −$14.3k | −$3.04 |
| EGI | $55.7k | $11.84 |
| − OpEx | −$8.4k | −$1.78 |
| NOI | $47.3k | $10.07 |
4,700 SF · lease $14.88/SF/yr · vacancy 20.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$676.0K
$591.5K – $788.7K
NOI $47,319 @ 7.0% cap · market cap 6.81%
Second Best
Industrial
$600.8K
$525.7K – $700.9K
NOI $42,053 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,530 @ 7.0% cap · market cap 19.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - New flex building offers ground-level space plus mezzanine, served by two 12' x 14' roll-up doors and 200-amp power.
Where is this flex space located?
The property is located at 101-451 Farrell Road Dripping Springs, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Brand‑new flex building with 3,500 SF ground‑level space plus 1,200 SF mezzanine; Two 12' x 14' roll‑up doors for ground‑level access; 200‑amp electrical service in place with ability to upgrade to 400 amps
