Property profile

133 Glosson Rnch Rd 1 Dripping Springs, TX 78620

OFF-MARKET
Commercial real estate
Property ID
US83-1646988
9,000 SF 1.29 ac lot Built 2021
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,000-square-foot commercial property, built in 2018, offers a unique blend of warehouse and office space ideal for a variety of businesses. Located at 133 Glosson Ranch Rd #C, this single-tenant property sits on a 1.29-acre lot and features a fully air-conditioned 750-square-foot office space complete with a kitchen and bathroom. Above the office is an additional 750 square feet of storage, providing ample space for inventory or archives. The warehouse itself is highly functional, boasting both ground-level and dock-high loading capabilities, and can be easily divided into two separate spaces for increased operational flexibility. Plumbing is already in place for a second kitchen/bathroom, offering future expansion potential. The property includes four shared 2,500-gallon rainwater collection tanks and a septic system. Security is enhanced with interior and exterior cameras. Twelve parking spots provide ample space for employees and clients. This property offers convenient access to Hwy 290. The property is available for sale at $1,125,000 or lease at $1.00 per square foot plus NNN. Owner financing is available, and lease terms are negotiable, including month-to-month or week-to-week options for short-term renters. APN: 1000080088000004.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2021
Total area 9,000 SF
Lot 1.29 ac (56,192 SF)
APN R168886
UPID US83-1646988

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

133 Glosson Rnch Rd, Unit 1 Dripping Springs, TX 78620-5264
Dripping Springs metro Census 10807 AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$440k
CAP Approach CAP
by Request
Comparable Approach Comparable
$671k
Blend (final) Blend
$555k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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