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

    195 American Way Dripping Springs, TX 78620

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $30,815

    Move-in ready flex space with office and warehouse areas.

    Lot size:
    5.42 Acres

    Property Features for 195 American Way

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    5.42 Acres

    Building Details

    Year built
    2003

    We can help!

    Listing Contact
    Ian Grossman
    Ian Grossman
    Source: Elliman

    Listing Agent: Ian Grossman

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

    Learn more

    Overview

    Dripping Springs Commercial Flex Space

    This move-in ready commercial property offers a blend of office design and warehouse functionality. The property includes 7,654 square feet of warehouse space and 4,672 square feet of finished office, kitchen, and amenity space. The office area features full-glass private offices, conference rooms, open collaborative workspaces, restrooms with showers, and a full kitchen, with space available for an on-site gym. The warehouse includes full LED lighting, polished concrete floors, and painted, finished interior walls. Both the office and warehouse areas are fully insulated and climate-controlled, equipped with full HVAC, and offer 24/7 access. The property has direct frontage on Hwy 290, providing visibility, ample on-site parking, and 18-wheeler accessibility. Located in Dripping Springs, it offers connectivity to Austin and surrounding areas. This property is suited for businesses seeking a modern environment with amenities and accessibility.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    Peak Beverage

    Location Insight

    • Map
    • Local Demand
    City
    Dripping Springs
    County
    Hays
    State
    Texas
    Longitude
    -98.0322088
    Latitude
    30.1938698

    Nearby Similar for Lease

    • $3,500 /Mo

      Functional Office Space on Highway

      1,336 SF office space with high visibility on Hwy 290.
      5300 Highway 290 W, Dripping Springs, TX 78620
      View Details
    • $2,160 /Mo

      Highway 290 Office Space

      1,200 SF office space in Dripping Springs, TX.
      701 Highway 290 W 101, Dripping Springs, TX 78620
      View Details
    • $28 SF/Yr

      Highway Frontage Office Space

      Office space with highway frontage, near Dripping Springs.
      120 Frog Pond Ln, Dripping Springs, TX 78620
      View Details
    • $3,150 /Mo

      Private Office Suite For Rent

      Charming office suite with reception, break room, and flex space.
      275 Frog Pond Ln, Dripping Springs, TX 78620
      View Details
    • $29 SF/Yr

      Dripping Springs Office/Retail Space

      Versatile 3,290 SF space in high-traffic Dripping Springs location.
      2440 E Highway 290 U.S, Dripping Springs, TX 78620
      View Details
    • $3,150 /Mo

      Private Office Suite For Rent

      Charming office suite with reception, break room, and flex space.
      275 Frog Pond Ln, Dripping Springs, TX 78620
      View Details
    • $2,160 /Mo

      Dripping Springs Office Space

      1,200 SF office space in Dripping Springs near Austin.
      701 Highway 290 W 101, Dripping Springs, TX 78620
      View Details
    • $1.00 SF/Yr

      Dripping Springs Warehouse with Office

      Insulated warehouse with office space near Highway 290.
      150 Russell Ln, Dripping Springs, TX 78620
      View Details
    • $3,800 /Mo

      Dripping Springs Office Suite For Rent

      Private office suite with Hill Country views and RR12 frontage.
      30307 120, Dripping Springs, TX 78620
      View Details
    • $6,500 /Mo

      New Warehouse Near Austin

      5,000 SF warehouse with negotiable tenant improvements near Austin.
      100 S Canyonwood Dr, Dripping Springs, TX 78620
      View Details
    • $30,815

      Dripping Springs Office Space Available

      Office space for rent in Dripping Springs, Texas.
      195 American Way, Dripping Springs, TX 78620
      View Details
    • $14 SF/Yr
      5,850 SF

      Two Warehouses with Gated Access

      Two warehouses totaling 10,350 SF with gated access.
      1451 Highway 290 W, Dripping Springs, TX 78620
      View Details

    FAQs

    What type of property is this?
    Flex space - Move-in ready flex space with office and warehouse areas.
    Where is this flex space located?
    The property is located at 195 American Way Dripping Springs, TX.
    What is the lease rate?
    The lease rate is $30,815.
    What are key features of this property?
    This property features: - Direct frontage on Hwy 290 with excellent visibility and 18-wheeler accessibility provides quick connectivity to Austin.; - **7,654 SF of insulated and climate-controlled warehouse space with LED lighting, polished concrete floors, and finished walls.**; - **4,672 SF of finished, climate-controlled office space with full-glass private offices, conference rooms, collaborative workspaces, restrooms with showers, and a full kitchen.**
    (512) 448-4111
    Request Owner's contact information
    195 American Way 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.
    195 American Way
    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
    195 American Way 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
    Ian Grossman
    Ian Grossman
    Real Estate License ID: 644661
    (512) 448-4111 (512) 705-5225 (512) 866-3795
    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!