Renovated Mixed-Use Property with
For Sale
$595,000
Pending
1740 West Fitzhugh Road, Dripping Springs, TX 78620
Unzoned home-office property with solar generation and adaptable commercial use potential.
Property Size2,450 SF
Days on Market1571
Property Features for 1740 West Fitzhugh Road
General Information
Standard status
Pending
Size
2,450 SF
Total Parking Spaces
20
Property subtype
Commercial Sale / Mixed Use
Zoning
Unzoned!
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$17,861
Amenities
Beautiful hill country views
solar panels
Building Details
Year Built
2016
Buildings
4
Listing Agency:
Berkshire Hathaway TX Realty
Listed By:
Dave Bair · License #0244388
(512) 423-0456
Source:
Compass
Added: Jun 27, 2022
Changed: Oct 10
Last Checked: Oct 12 at 9:54PM
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 Berkshire Hathaway TX Realty
Investment Insights
Based on property information with market context.
This mixed-use property combines a recently renovated home and office configuration with solar panels that are currently generating more than enough electricity. The buyer will assume the associated monthly payments for the solar system. Built in 2016, the property offers a flexible setting for commercial and live-work applications.
The property is located at 1740 West Fitzhugh Road in Dripping Springs, Texas, north of Dripping Springs and south of Bee Cave. The source information identifies potential applications including an electrical or plumbing contractor’s office, dog grooming and boarding, and other live-work solutions. The property is described as unzoned and includes Hill Country views.
The property is located at 1740 West Fitzhugh Road in Dripping Springs, Texas, north of Dripping Springs and south of Bee Cave. The source information identifies potential applications including an electrical or plumbing contractor’s office, dog grooming and boarding, and other live-work solutions. The property is described as unzoned and includes Hill Country views.
Key Highlights
- Recently renovated home and office configuration
- Solar panels currently generate more than enough electricity; buyer to assume monthly payments
- Unzoned property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,075
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,500
$661.5K
Cap Rate 7%
$472,500
$472.5K
Cap Rate 9%
$367,500
$367.5K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$58.8K $24.00/SF
− Vacancy
−$5.9K −$2.40/SF
EGI
$52.9K $21.60/SF
− OpEx
−$19.8K −$8.10/SF
NOI
$33.1K $13.50/SF
Area
Hays County, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,500
Cap Rate 7%
$472,500
Cap Rate 9%
$367,500
Alternative Uses
Best Use
Office B
$834.6K
$730.3K – $973.7K
NOI $58,421 @ 7.0% cap · market cap 9.82%
Second Best
Mixed Use
$472.5K
$413.4K – $551.3K
NOI $33,075 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$1.02M
$896.1K – $1.19M
NOI $71,691 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 78620, TX
20,493
Population
7,929
Households
2.6
Avg Household Size
43
Median Age
62%
College-Educated
97%
High-School Grad
175.6 sq mi
ZIP Area
117
Density / Sq Mi
$146,551
Median Household Income
$58,583
Median Earnings
$1,674
Median Rent
$624,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Unzoned home-office property with solar generation and adaptable commercial use potential.
Where is this mixed-use property located?
The property is located at 1740 West Fitzhugh Road Dripping Springs, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Recently renovated home and office configuration; Solar panels currently generate more than enough electricity; buyer to assume monthly payments; Unzoned property
