Flex Warehouse Space For
For Sale
$1,200,000
1034 Canyon Bend Dr C, Dripping Springs, TX 78620
Flex/warehouse space with excellent parking available for sale.
Property Size4,800 SF
Lot Size2.09 Acres
Price / SF$250
Days on Market208
Property Features for 1034 Canyon Bend Dr C
General Information
Standard status
Active
Size
4,800 SF
Lot size
2.09 Acres
Building Details
Year Built
2004
Listing Agency:
Stanberry REALTORS
Listed By:
Cathy Coneway · License #492342
(512) 422-5677
Source:
Olverabolton
Added: Mar 26
Changed: Oct 12
Last Checked: Oct 19 at 8:01AM
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
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Investment Insights
Based on property information with market context.
Building C, situated on 2.09 acres of condominium land alongside two other warehouse buildings, offers 4,800 square feet of flex/warehouse space. The property provides ample parking. The building is divided into two 2,400-square-foot spaces. C-1 is leased until August 31, 2028, while C-2 is currently vacant. Side C-1 features 2,400 square feet, including 620 square feet of air-conditioned office space with a reception area, break area, restroom, and one private office. The 1,780-square-foot warehouse portion of C-1 is insulated but not air-conditioned, and it includes two overhead doors and one service door. Side C-2, also 2,400 square feet, is insulated and contains one restroom, windows on two sides, two overhead doors, and one service door. The seller is open to considering owner financing, depending on the offer, down payment, and credit.
Key Highlights
- 4800 SF flex/warehouse space on 2.09 acres with excellent parking.
- One side (2400 SF) is currently vacant and ready for immediate occupancy or lease.
- Potential for owner financing depending on offer, down payment, and credit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,947
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$858,940
$858.9K
Cap Rate 7%
$613,529
$613.5K
Cap Rate 9%
$477,189
$477.2K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$71.4K $14.88/SF
− Vacancy
−$10.1K −$2.10/SF
EGI
$61.4K $12.78/SF
− OpEx
−$18.4K −$3.83/SF
NOI
$42.9K $8.95/SF
Area
Hays County, TX
Vacancy
14.10%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$858,940
Cap Rate 7%
$613,529
Cap Rate 9%
$477,189
Alternative Uses
Best Use
Industrial
$613.5K
$536.8K – $715.8K
NOI $42,947 @ 7.0% cap · market cap 3.58%
Second Best
Flex RnD
$569.7K
$498.5K – $664.7K
NOI $39,880 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,456 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flex/warehouse space with excellent parking available for sale.
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 $1,200,000.
What are key features of this property?
This property features: 4800 SF flex/warehouse space on 2.09 acres with excellent parking.; One side (2400 SF) is currently vacant and ready for immediate occupancy or lease.; Potential for owner financing depending on offer, down payment, and credit.
