Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2350 Highway 290 W Dripping Springs, TX 78620

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,550,000

    Prime commercial land with CS zoning in Dripping Springs.

    Lot size:
    4.22 Acres

    Property Features for 2350 Highway 290 W

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    4.22 Acres

    We can help!

    Listing Contact
    Josh Friedman
    Josh Friedman
    Source: Elliman

    Listing Agency: Friedman Real Estate, Inc. Listing Agent: Josh Friedman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Dripping Springs Commercial Land Opportunity

    This commercial property is located in Dripping Springs and features CS zoning. Situated with frontage on Highway 290, the property is positioned between Flores Mexican Restaurant and Deep Eddy Vodka Distillery. The property is suitable for diverse ventures such as a convenience store, flex park, or office condos. It is also suited for a national retailer such as automotive repair. The parcel offers access to city water and a TxDOT-approved driveway with plans in hand.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Dental Office Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Dripping Springs
    County
    Hays
    State
    Texas
    Longitude
    -98.052019
    Latitude
    30.194184

    Nearby Similar for Sale

    • $950,000
      0.51 Acres

      Commercial Property Near Downtown

      Commercial property with high-end finishes and excellent visibility.
      13872 Ranch Road 12, Dripping Springs, TX 78620
      View Details
    • $3,950,000
      3,873 SF

      Hill Country Ranch Estate

      Luxury ranch on 28 acres in Dripping Springs, Texas.
      2300 W Fitzhugh Rd, Dripping Springs, TX 78620
      View Details
    • $3,000,000

      Austin/Dripping Springs Flex Investment

      12,545 SF flex space in thriving Austin/Dripping Springs area.
      120 Frog Pond Ln, Dripping Springs, TX 78620
      View Details
    • $1,350,000

      Versatile Flex Property on Fitzhugh

      Flex property with visibility, expansion potential, and fenced yard.
      16299 Fitzhugh Rd E, Dripping Springs, TX 78620
      View Details
    • $2,375,000

      Versatile Commercial Condo in Dripping Springs

      Prime location suitable for office, retail, or hospitality businesses.
      27320 Ranch Road 12, Dripping Springs, TX 78620
      View Details
    • $4,250,000

      Ranch Road 12 Development Opportunity

      Prime commercial property with permits for 50,000 sqft development.
      27900 Ranch Road 12, Dripping Springs, TX 78620
      View Details
    • $697,500

      Dripping Springs Office Condo

      Charming office condo in the heart of Dripping Springs.
      27320 C, Dripping Springs, TX 78620
      View Details
    • $549,950

      Dripping Springs Ranch Land Opportunity

      Ranch land available in Dripping Springs, Texas.
      3003 Old Red Ranch Rd, Dripping Springs, TX 78620
      View Details
    • $2,450,000

      Dripping Springs Commercial Property on Highway

      Commercial property with high visibility on Highway 290.
      4002 E Hwy 290 Hwy, Dripping Springs, TX 78620
      View Details
    • $1,100,000

      Versatile Commercial Condo in Dripping Springs

      4,000 SF condo with income potential near Highway 290.
      800 D, Dripping Springs, TX 78620
      View Details
    • $1,195,000

      Texas Hill Country Meditation Retreat

      Thriving retreat on 13+ acres with significant revenue potential.
      802 Bell Springs Rd, Dripping Springs, TX 78620
      View Details
    • $4,250,000

      Ranch Road Crossing Development Opportunity

      Prime mixed-use development site with permits in hand.
      27900 Ranch Road 12, Dripping Springs, TX 78620
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land with CS zoning in Dripping Springs.
    Where is this commercial land located?
    The property is located at 2350 Highway 290 W Dripping Springs, TX.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - Prime commercial property with CS zoning, the highest and best in Dripping Springs, allowing for diverse ventures.; - Strategic location on 290 frontage between Flores Mexican Restaurant and Deep Eddy Vodka Distillery.; - Suited for a national retailer such as automotive repair, addressing a significant market need.
    (512) 892-9934
    Request Owner's contact information
    2350 Highway 290 W Dripping Springs, TX 78620
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2350 Highway 290 W
    Dripping Springs, TX 78620
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2350 Highway 290 W Dripping Springs, TX 78620
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Josh Friedman
    Josh Friedman
    Real Estate License ID: 0451763
    (512) 892-9934 (512) 924-5323
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!