Restaurant/Brewery/Retail Opportunity on Ranch
For Sale
Contact for pricing
16920 Ranch Rd 12, Wimberley, TX 78676
Turn-key restaurant/brewery/retail space on 1.87 acres near Wimberley.
Property Size2,152 SF
Lot Size1.87 Acres
Price / SF$511.15
Days on Market207
Property Features for 16920 Ranch Rd 12
General Information
Standard status
Active
Size
2,152 SF
Class
C
Lot size
1.87 Acres
Property subtype
Retail
Lease Type
NNN
Building Details
Year Built
1983
Year Renovated
2014
Buildings
1
Stories
1
Listing Agency:
KW Commercial Austin SW
(512) 567-6429
Listed By:
Joaquin Lopez · License #TX 0657845
Source:
Crexi
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 18 at 8:40PM
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 KW Commercial Austin SW
Investment Insights
Based on property information with market context.
Located on Ranch Road 12, this property features 2,152 square feet of space on 1.87 wooded acres. The property is suitable for a restaurant, brewery, distillery, or retail operation. Situated 3 miles north of downtown Wimberley and near Dripping Springs, the location offers high visibility and a ready-made atmosphere.
Key Highlights
- 1.87 wooded acres on Ranch Road 12
- Turn‑key restaurant, brewery/distillery, or retail opportunity
- High visibility location
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,600
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$812,000
$812.0K
Cap Rate 7%
$580,000
$580.0K
Cap Rate 9%
$451,111
$451.1K
Market Conditions
NOI Build-Up for 2,152 SF
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.
Gross rent
$56.0K $26.04/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$54.1K $25.15/SF
− OpEx
−$13.5K −$6.29/SF
NOI
$40.6K $18.87/SF
Area
Hays County, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$812,000
Cap Rate 7%
$580,000
Cap Rate 9%
$451,111
Alternative Uses
Best Use
Specialty Retail
$580.0K
$507.5K – $676.7K
NOI $40,600 @ 7.0% cap · market cap 3.69%
Second Best
Retail
$541.3K
$473.7K – $631.6K
NOI $37,893 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$899.6K
$787.1K – $1.05M
NOI $62,971 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78676, TX
14,713
Population
7,487
Households
2
Avg Household Size
52
Median Age
50%
College-Educated
93%
High-School Grad
167.8 sq mi
ZIP Area
88
Density / Sq Mi
$86,819
Median Household Income
$44,745
Median Earnings
$1,432
Median Rent
$476,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Restaurant - Turn-key restaurant/brewery/retail space on 1.87 acres near Wimberley.
Where is this restaurant located?
The property is located at 16920 Ranch Rd 12 Wimberley, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 1.87 wooded acres on Ranch Road 12; Turn‑key restaurant, brewery/distillery, or retail opportunity; High visibility location
