Multi-Office Unit with Outdoor
For Sale
$695,000
24503 Ranch Road 12 # D, Dripping Springs, TX 78620
A reception area, kitchen, and multiple bathrooms provide functional support for staff and visitors.
Property Size1,820 SF
Days on Market393
Property Features for 24503 Ranch Road 12 # D
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Office
Additional Details
Road Access
Yes
Amenities
private offices
reception area
kitchen
bathrooms
oak trees
outdoor seating area
yard area
Building Details
Building Size
1,820 SF
Year Built
1970
Buildings
1
Listing Agency:
Friedman Real Estate, Inc.
Listed By:
Josh Friedman · License #0451763
(512) 892-9934
Source:
Denpg
Added: Sep 10, 2025
Changed: Oct 1
Last Checked: Oct 5 at 9:57PM
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 unit contains several private offices alongside a reception area, a kitchen, and multiple bathrooms. The property also includes an outdoor seating area beneath oak trees and a yard that adds exterior space to the offering.
Situated at 24503 Ranch Road 12, the property was built in 1970. Its indoor office layout and outdoor areas are among its defining physical features.
Situated at 24503 Ranch Road 12, the property was built in 1970. Its indoor office layout and outdoor areas are among its defining physical features.
Key Highlights
- Multiple private offices, a reception area, kitchen, and multiple bathrooms
- Outdoor seating area set beneath oak trees
- Yard space included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,399
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$867,980
$868.0K
Cap Rate 7%
$619,986
$620.0K
Cap Rate 9%
$482,211
$482.2K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$76.4K $42.00/SF
− Vacancy
−$18.6K −$10.21/SF
EGI
$57.9K $31.79/SF
− OpEx
−$14.5K −$7.95/SF
NOI
$43.4K $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%
$867,980
Cap Rate 7%
$619,986
Cap Rate 9%
$482,211
Alternative Uses
Best Use
Office B
$620.0K
$542.5K – $723.3K
NOI $43,399 @ 7.0% cap · market cap 6.24%
Second Best
Healthcare Medical
$471.7K
$412.8K – $550.4K
NOI $33,022 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$760.8K
$665.7K – $887.6K
NOI $53,256 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
Business Placement
Demographics for 78620, TX
20,493
Population
7,929
Households
2.6
Avg Household Size
43
Median Age
62%
College-Educated
97%
High-School Grad
175.6 sq mi
ZIP Area
117
Density / Sq Mi
$146,551
Median Household Income
$58,583
Median Earnings
$1,674
Median Rent
$624,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - A reception area, kitchen, and multiple bathrooms provide functional support for staff and visitors.
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 $695,000.
What are key features of this property?
This property features: Multiple private offices, a reception area, kitchen, and multiple bathrooms; Outdoor seating area set beneath oak trees; Yard space included
