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

    164 Belterra Village Way Dripping Springs, TX

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Mixed-use development with retail, restaurant, and outdoor opportunities.

    Type:RETAIL
    Property size:
    1,200 SF
    Lot size:
    36.60 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    128
    Last Refresh:
    Mar 29 at 8:09 pm

    Property Features for 164 Belterra Village Way

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Lot size
    36.60 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 164 Belterra Village Way Contact us

    We can help!

    Listing Contact
    Evan Deitch

    Listing agent Evan Deitch

    Listing office Endeavor Real Estate Group

    Listing date Nov 24, 2025

    Source Moodyscre

    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 Endeavor Real Estate Group

    Overview

    Retail Space in Belterra Village

    This property is part of a large mixed-use project located between Dripping Springs and Oak Hill. Phase I of the development includes 47 acres. The property offers over 200,000 square feet of retail space and pads along Highway 290. Anchored by a theater and restaurants, the development also features over 10 acres of hike and bike trails and large outdoor patio opportunities. The property is suitable for retail, restaurants, and other individual retail purposes. The available space is 1,200 square feet and is located at 164 Belterra Village Way, Dripping Springs, TX.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    • Shops at Ledgestone — 12680 US-290 Suite 100, Austin, TX 78737
    • Belterra Village Shopping Center — 166 Hargraves Dr, Austin, TX 78737
    • Coin Cloud Bitcoin ATM — 166 Hargraves Dr Suite B400, Austin, TX 78737

    Location Insight

    • Map
    • Local Demand
    City
    Dripping Springs
    County
    Hays
    State
    Texas
    Longitude
    -98.0867
    Latitude
    30.1902

    Nearby Similar for Lease

    • Contact for pricing

      Dripping Springs Office Space Available

      Air-conditioned office space near HWY 290, Dripping Springs, TX.
      100 S Canyonwood Dr 1-B, Dripping Springs, TX 78620
      View Details
    • $29/mo

      Dripping Springs Office/Retail Space

      Versatile 3,290 SF space in high-traffic Dripping Springs location.
      2440 E. U.S. Highway 290, Dripping Springs, TX 78620
      View Details
    • $28/mo

      Highway Frontage Office Space

      Office space with highway frontage, near Dripping Springs.
      120 Frog Pond Ln, Dripping Springs, TX 78620
      View Details
    • $31/mo

      Dripping Springs Office/Medical Space

      3,290 SF space ideal for professional or medical office.
      2440 E Highway 290, Dripping Springs, TX
      View Details
    • Contact for pricing

      Dripping Springs Office Suite

      Private office suite with Hill Country views and ample parking.
      30307 Ranch Road 12 Ste 120, Dripping Springs, TX, 78620-4920
      View Details
    • $19/mo

      Versatile Space Near Highway 290

      Adaptable space suitable for retail, flex, or office use.
      105 S Canyonwood Dr, Dripping Springs, TX
      View Details
    • $22/mo

      Retail Space Near Major Retailers

      Retail space in high-traffic, affluent area near HEB and Home Depot.
      100 Commons Dr, Dripping Springs, TX
      View Details
    • Contact for pricing

      Dripping Springs Retail Opportunity

      Retail space available in growing Dripping Springs community.
      1055 Kibo Ridge Dr, Dripping Springs, TX
      View Details
    • Contact for pricing

      Two Warehouses with Gated Access

      Two warehouses totaling 10,350 SF with gated access.
      1451 W Hwy 290, Dripping Springs, TX
      View Details
    • Contact for pricing

      Retail Space on Highway 290

      Retail space with high visibility near schools and residential areas.
      2001 W Hwy 290, Dripping Springs, TX
      View Details
    • Contact for pricing

      Retail Space on U.S. 290

      4,000 SF retail space with high visibility on U.S. 290.
      13000 U.S. 290, Dripping Springs, TX
      View Details
    • Contact for pricing

      Two Warehouses with Gated Access

      Two warehouses totaling 10,350 SF with gated access.
      1451 US-290, Dripping Springs, TX
      View Details

    FAQs

    What type of property is this?
    Shopping center - Mixed-use development with retail, restaurant, and outdoor opportunities.
    Where is this shopping center located?
    The property is located at 164 Belterra Village Way Dripping Springs, TX.
    What are key features of this property?
    This property features: Largest mixed‑use project from Dripping Springs to Oak Hill.; Over 200,000 SF of retail space & pads along Hwy 290.; **Theatre & restaurant anchored development.**
    (512) 682-5544
    We can help!
    Listing Contact
    Evan Deitch
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!