Unrestricted Land with
22100 Ranch to Market Rd 150 Driftwood, TX 78619
22100 Ranch to Market Rd 150, Driftwood, TX, 78619
Contact for pricing
For Sale
Contact for pricing
Versatile 1.89-acre property suitable for various business ventures.
Property Size2,554 SF
Lot Size1.89 Acres
Price / SF$528.58
Days on Market691
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
Listing Agency
Friedman Real Estate Austin
(512) 892-9934
Listed by
Josh Friedman · License #TX
Source
Crexi
Added: Aug 26, 2024 Checked: Jul 17 at 5:19 am
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
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.3k | $42.00 |
| − Vacancy | −$26.1k | −$10.21 |
| EGI | $81.2k | $31.79 |
| − OpEx | −$20.3k | −$7.95 |
| NOI | $60.9k | $23.85 |
2,554 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Versatile 1.89-acre property suitable for various business ventures.
Where is this office units 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**.
