Retail and Lumber Facility with
For Sale
Contact for pricing
16965 Ranch Road 12, Wimberley, TX 78676
Climate-controlled retail showroom and office plus covered drive-thru lumber area with an integrated second-floor apartment.
Property Size15,714 SF
Lot Size6.15 Acres
Price / SF$254.55
Days on Market107
Property Features for 16965 Ranch Road 12
General Information
Standard status
Active
Size
15,714 SF
Total Parking Spaces
47
Lot size
6.15 Acres
Property subtype
Retail
Zoning
No Zoning
Investment Type
Value Add
Building Details
Year Built
2008
Buildings
3
Units
47
Listing Agency:
Oldham Goodwin Group
Listed By:
Steve Monroe · License #561910
Source:
Crexi
Added: Jun 4
Changed: Sep 3
Last Checked: Sep 18 at 7:33AM
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 Oldham Goodwin Group
Investment Insights
Based on property information with market context.
This property offers a combined retail and lumber facility configured to support both showroom operations and delivery-oriented material handling. The improvements include 15,714 SF of climate-controlled retail showroom and office space with an integrated second-floor apartment. Complementing the indoor uses is approximately 14,000 SF of covered lumber drive-thru, along with ancillary storage structures designed to support day-to-day commercial throughput.
The site sits on approximately 6.15 acres along Ranch Road 12 in Wimberley. It is positioned within the Austin–San Antonio growth corridor, with proximity to major transportation routes connecting to Austin, San Marcos, and surrounding communities.
For owner-users and investors seeking an established facility, the mix of climate-controlled showroom and office space with on-site apartment access provides flexibility for retail, lumber, and related commercial uses. The covered drive-thru and storage support operations that benefit from covered staging and efficient flow between customer-facing space and materials handling. The scale and existing improvements are intended to reduce the need for new buildout while maintaining a functional setup for a variety of commercial scenarios.
The site sits on approximately 6.15 acres along Ranch Road 12 in Wimberley. It is positioned within the Austin–San Antonio growth corridor, with proximity to major transportation routes connecting to Austin, San Marcos, and surrounding communities.
For owner-users and investors seeking an established facility, the mix of climate-controlled showroom and office space with on-site apartment access provides flexibility for retail, lumber, and related commercial uses. The covered drive-thru and storage support operations that benefit from covered staging and efficient flow between customer-facing space and materials handling. The scale and existing improvements are intended to reduce the need for new buildout while maintaining a functional setup for a variety of commercial scenarios.
Key Highlights
- 12,114 SF retail and lumber facility on approx. 6.15 acres along Ranch Road 12 in Wimberley
- 15,714 SF climate‑controlled retail showroom and office space with an integrated second‑floor apartment
- 14,000 SF covered lumber drive‑thru plus ancillary storage structures
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
$276,696
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
6.92%
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%
$5,533,920
$5.5M
Cap Rate 7%
$3,952,800
$4.0M
Cap Rate 9%
$3,074,400
$3.1M
Market Conditions
NOI Build-Up for 15,714 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
$409.2K $26.04/SF
− Vacancy
−$13.9K −$0.89/SF
EGI
$395.3K $25.15/SF
− OpEx
−$118.6K −$7.55/SF
NOI
$276.7K $17.61/SF
Area
Hays County, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
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%
$5,533,920
Cap Rate 7%
$3,952,800
Cap Rate 9%
$3,074,400
Alternative Uses
Best Use
Retail
$3.95M
$3.46M – $4.61M
NOI $276,696 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.57M
$5.75M – $7.66M
NOI $459,819 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Climate-controlled retail showroom and office plus covered drive-thru lumber area with an integrated second-floor apartment.
Where is this retail space located?
The property is located at 16965 Ranch Road 12 Wimberley, TX.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 12,114 SF retail and lumber facility on approx. 6.15 acres along Ranch Road 12 in Wimberley; 15,714 SF climate‑controlled retail showroom and office space with an integrated second‑floor apartment; 14,000 SF covered lumber drive‑thru plus ancillary storage structures
