Unrestricted Land with
22100 Fm 150 W Driftwood, TX 78619
22100 Fm 150 W, Driftwood, TX, 78619
$1,350,000
For Sale
$1,350,000
Versatile 1.89-acre property with office, shop, and development potential.
Property Size1,600 SF
Lot Size1.89 Acres
Price / SF$843.75
Days on Market128
Property Features for 22100 Fm 150 W
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Lot size
- 1.89 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing Agency
Friedman Real Estate, Inc.
(512) 924-5323
Listed by
Josh Friedman · License #0451763
(512) 924-5323
Source
Elliman
Added: Mar 12 Checked: Jul 16 at 9:36 am
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 Friedman Real Estate, Inc.
Investment Insights
Based on property information with market context.
This unrestricted 1.89-acre property features 415 feet of frontage along RM150. The gently sloping terrain includes mature oak trees and two existing driveways. The property is equipped with a newly installed oversized septic system, a strong water well, and on-site electricity. The main building offers over 1,600 square feet and includes private offices, a kitchen, and two full bathrooms, making it suitable for use as an office or showroom. A 900-square-foot air-conditioned shop complements the main building. The ample yard and lay-down space are suitable for outdoor storage of heavy equipment, landscape supplies, and building materials, making it well-suited for businesses such as landscaping, construction, plumbing, or contracting. The property also presents potential for overnight or short-term rentals, including Airbnb, VRBO, or a boutique-style hotel. Located approximately 1.5 miles from the RR12/RM150 intersection, it offers convenient access to Dripping Springs, Wimberley, and Austin.
Key Highlights
- Unrestricted 1.89‑acre property with 415 feet of frontage on RM150.
- Equipped with a newly installed oversized septic system, strong water well, and on‑site electricity.
- Main building (1,600+ sq ft) with private offices, kitchen, and two full bathrooms, suitable for office or showroom.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.2k | $42.00 |
| − Vacancy | −$16.3k | −$10.21 |
| EGI | $50.9k | $31.79 |
| − OpEx | −$12.7k | −$7.95 |
| NOI | $38.2k | $23.85 |
1,600 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$545.0K
$476.9K – $635.9K
NOI $38,153 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$668.8K
$585.2K – $780.3K
NOI $46,819 @ 7.0% cap · market cap 3.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Versatile 1.89-acre property with office, shop, and development potential.
Where is this commercial land located?
The property is located at 22100 Fm 150 W Driftwood, 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: Unrestricted 1.89‑acre property with **415 feet of frontage on RM150**.; Equipped with a newly installed oversized septic system, strong water well, and on‑site electricity.; Main building (1,600+ sq ft) with private offices, kitchen, and two full bathrooms, **suitable for office or showroom**.
