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Flex Warehouse Space For Sale

1034 Canyon Bend Dr, Dripping Springs, TX 78620

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For Sale

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Flex/warehouse space with excellent parking available for sale.

Type:Industrial

Property size:

4,800 SF

Lot size:

2.09 Acres

Price / SF:

$281/SF

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.
One side (2400 SF) is leased until 8/31/2028, providing immediate income.
Each 2400 SF space includes overhead and service doors for warehouse access.
One side includes 620 SF of air‑conditioned office space with reception, break area, restroom, and private office.

We can help!

Contact an agent

Cathy Coneway

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For Sale

Contact for pricing

Flex/warehouse space with excellent parking available for sale.

Type:Industrial

Property size:

4,800 SF

Lot size:

2.09 Acres

Price / SF:

$281/SF

Added:: Jun 30, 2024
Days on Market:: 738
Last Refresh:: Jul 5 at 9:05 am

Property Features for 1034 Canyon Bend Dr

General Information

Standard status: Active
Size: 4,800 SF
Lot size: 2.09 Acres
Property subtype: Industrial

Building Details

Year Built: 2003

We can help!

Contact an agent

Cathy Coneway

Listing office Stanberry Commercial

Listing date Jun 30, 2024

Source Crexi

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 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.
One side (2400 SF) is leased until 8/31/2028, providing immediate income.
Each 2400 SF space includes overhead and service doors for warehouse access.
One side includes 620 SF of air‑conditioned office space with reception, break area, restroom, and private office.

Overview

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.

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.

Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Location Insight

Map
Local Demand

City: Dripping Springs
County: Hays
State: Texas
Longitude: -98.0243674
Latitude: 30.1951695

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

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 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 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.