Office Suite with Outdoor
24503 Ranch Road 12 #D Dripping Springs, TX 78620
24503 Ranch Road 12 #D, Dripping Springs, TX, 78620
$725,000
For Sale
$725,000
Office suite with private offices, reception, kitchen, multiple restrooms, and an outdoor seating area.
Property Size1,820 SF
Price / SF$398.35
Days on Market316
Property Features for 24503 Ranch Road 12 #D
General Information
- Standard status
- Active
- Size
- 1,820 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1970
Listing agency
Friedman Real Estate, Inc.
(512) 892-9934
Listed by
Josh Friedman · License #0451763
Source
Buttross
Added: Sep 10, 2025 Updated: Jul 22 at 3:31AM Checked: Jul 22 at 3:31AM
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, Inc.
Investment Insights
Based on property information with market context.
This office suite offers a practical mix of work and guest-facing space, including multiple private offices, a welcoming reception area, a fully equipped kitchen, and multiple bathrooms. The layout is supported by on-site amenities intended for both staff use and customer or client visits.
Set along Ranch Road 12, the property includes an outdoor seating area and oak trees that create a landscaped setting. A spacious yard area is also included and is described as suitable for outdoor storage, rental equipment, or landscaping supplies.
Owner financing is available. The unit is listed for sale as Suite #D at 24503 Ranch Road 12.
Set along Ranch Road 12, the property includes an outdoor seating area and oak trees that create a landscaped setting. A spacious yard area is also included and is described as suitable for outdoor storage, rental equipment, or landscaping supplies.
Owner financing is available. The unit is listed for sale as Suite #D at 24503 Ranch Road 12.
Key Highlights
- Office space built in 1970 with multiple private offices plus a reception area
- Includes a fully equipped kitchen and multiple bathrooms
- Outdoor seating area for client gatherings or employee breaks
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 | $76.4k | $42.00 |
| − Vacancy | −$18.6k | −$10.21 |
| EGI | $57.9k | $31.79 |
| − OpEx | −$14.5k | −$7.95 |
| NOI | $43.4k | $23.85 |
1,820 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$620.0K
$542.5K – $723.3K
NOI $43,399 @ 7.0% cap · market cap 5.99%
Second Best
Healthcare Medical
$471.7K
$412.8K – $550.4K
NOI $33,022 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$760.8K
$665.7K – $887.6K
NOI $53,256 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Office suite with private offices, reception, kitchen, multiple restrooms, and an outdoor seating area.
Where is this office units located?
The property is located at 24503 Ranch Road 12 #D Dripping Springs, TX.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Office space built in 1970 with multiple private offices plus a reception area; Includes a fully equipped kitchen and multiple bathrooms; Outdoor seating area for client gatherings or employee breaks
