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Flex/Warehouse Space For Sale

1034 Canyon Bend Dr C, Dripping Springs, TX 78620

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For Sale

$1,350,000

4800 SF flex/warehouse space with office and warehouse areas.

Type:Industrial

Property size:

4,800 SF

Lot size:

2.11 Acres

Price / SF:

$281/SF

We can help!

Contact an agent

Cathy Coneway

Real Estate License ID: 492342

HighLights

4800 SF flex/warehouse space suitable for diverse business needs.
Includes 640 SF of air‑conditioned office space with reception, break area, restroom, and private office.
Two warehouse spaces: 3200 SF (Side C‑1) and 1600 SF (Side C‑2), both insulated.
Multiple access points: 4 overhead doors and 3 service doors in total.
Located on a 2.09‑acre condominium lot with ample parking.
Built in 2004.

For Sale

$1,350,000

4800 SF flex/warehouse space with office and warehouse areas.

Type:Industrial

Property size:

4,800 SF

Lot size:

2.11 Acres

Price / SF:

$281/SF

Added:: Mar 12, 2026
Days on Market:: 118
Last Refresh:: Jul 2 at 9:04 am

Property Features for 1034 Canyon Bend Dr C

General Information

Standard status: Active
Size: 4,800 SF
Lot size: 2.11 Acres
Property subtype: Industrial

Building Details

Year Built: 2004

We can help!

Contact an agent

Cathy Coneway

Listing office Stanberry Commercial

Listing date Mar 12, 2026

Source Elliman

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 Commercial

HighLights

4800 SF flex/warehouse space suitable for diverse business needs.
Includes 640 SF of air‑conditioned office space with reception, break area, restroom, and private office.
Two warehouse spaces: 3200 SF (Side C‑1) and 1600 SF (Side C‑2), both insulated.
Multiple access points: 4 overhead doors and 3 service doors in total.
Located on a 2.09‑acre condominium lot with ample parking.
Built in 2004.

Overview

This property offers 4800 square feet of flex/warehouse space. Side C-1 comprises 3200 square feet, including 640 square feet of air-conditioned office space with a reception area, break area, restroom, and one private office. The warehouse portion of Side C-1 is 2560 square feet, insulated but not air-conditioned, and features two windows, three overhead doors, and two service doors. Side C-2 provides 1600 square feet of insulated space with one restroom, windows on two sides, one overhead door, and one service door. Building C is situated on 2.09 acres of condominium land, sharing the site with two other warehouse buildings. The property includes excellent on-site parking.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$201.6k	$42.00
− Vacancy	−$49.0k	−$10.21
EGI	$152.6k	$31.79
− OpEx	−$38.2k	−$7.95
NOI	$114.5k	$23.85

4,800 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.64M

$1.43M – $1.91M (±1% cap)

NOI $114,458 @ 7.0% cap · market cap 8.48%

Second Best

Warehouse

$690.4K

$604.1K – $805.4K (±1% cap)

NOI $48,325 @ 7.0% cap · market cap 3.58%

Theoretical Best

Office A

$2.01M

$1.76M – $2.34M (±1% cap)

NOI $140,456 @ 7.0% cap · market cap 10.40%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Location Insight

Map
Local Demand

City: Dripping Springs
County: Hays
State: Texas
Longitude: -98.0244
Latitude: 30.1952

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For sale
Flex space
TX
Dripping Springs
78620
1034 Canyon Bend Dr C

What type of property is this?

Flex space - 4800 SF flex/warehouse space with office and warehouse areas.

Where is this flex space located?

The property is located at 1034 Canyon Bend Dr C Dripping Springs, TX.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: 4800 SF flex/warehouse space suitable for diverse business needs.; Includes 640 SF of air‑conditioned office space with reception, break area, restroom, and private office.; **Two warehouse spaces:** 3200 SF (Side C‑1) and 1600 SF (Side C‑2), both insulated.