Unrestricted Land with
For Sale
Contact for pricing
22100 Ranch to Market Rd 150, Driftwood, TX 78619
Versatile 1.89-acre property suitable for various business ventures.
Property Size2,554 SF
Lot Size1.89 Acres
Price / SF$528.58
Days on Market786
Property Features for 22100 Ranch to Market Rd 150
General Information
Standard status
Active
Size
2,554 SF
Lot size
1.89 Acres
Property subtype
Office
Building Details
Year Built
1957
Stories
1
Listing Agency:
Friedman Real Estate Austin
Listed By:
Josh Friedman · License #TX
(512) 892-9934
Source:
Crexi
Added: Aug 26, 2024
Changed: Oct 16
Last Checked: Oct 19 at 3:35AM
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 Friedman Real Estate Austin
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This unrestricted 1.89-acre property features 415 feet of frontage along RM150. The gently sloping terrain includes mature oak trees and two driveways. The property has a newly installed oversized septic system, a strong water well, and on-site electricity. The main building offers over 1,600 square feet, including private offices, a kitchen, and two full bathrooms, making it suitable for use as an office or showroom. There is also a 900-square-foot air-conditioned shop. The ample yard and lay-down space are suitable for outdoor storage of heavy equipment, landscape supplies, and building materials, making it well-suited for businesses such as landscaping, construction, plumbing, or contracting. The property also presents potential for overnight or short-term rentals, including Airbnb, VRBO, or a boutique-style hotel. Located approximately 1.5 miles from the RR12/RM150 intersection, it offers access to Dripping Springs, Wimberley, and Austin. The property size is 2,554 square feet.
Key Highlights
- Unrestricted 1.89‑acre property with 415 feet of frontage on RM150.
- Equipped with a newly installed oversized septic system, a strong water well, and on‑site electricity.
- Includes a 1,600‑square‑foot building with offices, kitchen, and two bathrooms, plus a 900‑square‑foot air‑conditioned shop.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,901
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,218,020
$1.2M
Cap Rate 7%
$870,014
$870.0K
Cap Rate 9%
$676,678
$676.7K
Market Conditions
NOI Build-Up for 2,554 SF
Gross rent
$107.3K $42.00/SF
− Vacancy
−$26.1K −$10.21/SF
EGI
$81.2K $31.79/SF
− OpEx
−$20.3K −$7.95/SF
NOI
$60.9K $23.85/SF
Area
Hays County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,218,020
Cap Rate 7%
$870,014
Cap Rate 9%
$676,678
Alternative Uses
Best Use
Office B
$870.0K
$761.3K – $1.02M
NOI $60,901 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$934.2K – $1.25M
NOI $74,735 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 78619, TX
5,819
Population
2,484
Households
2.3
Avg Household Size
44
Median Age
55%
College-Educated
99%
High-School Grad
39.9 sq mi
ZIP Area
146
Density / Sq Mi
$171,667
Median Household Income
$69,688
Median Earnings
$1,245
Median Rent
$709,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Versatile 1.89-acre property suitable for various business ventures.
Where is this office unit located?
The property is located at 22100 Ranch to Market Rd 150 Driftwood, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Unrestricted 1.89‑acre property with **415 feet of frontage on RM150**.; Equipped with a newly installed oversized septic system, a strong water well, and on‑site electricity.; Includes a **1,600‑square‑foot building with offices, kitchen, and two bathrooms, plus a 900‑square‑foot air‑conditioned shop**.
