Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    24 Acres on US 290 Title is generated by Realmo AI

    6590 Highway 290, Dripping Springs, TX 78620

    View on Map
    Claim this Listing
    For Sale
    $1,499,995

    24 acres with highway frontage near Dripping Springs, Texas.

    Type:Farm / Ranch
    Lot size:
    24.00 Acres
    Added:
    May 6, 2026
    Days on Market:
    24
    Last Refresh:
    May 18 at 9:54 pm

    Property Features for 6590 Highway 290

    General Information

    Standard status
    Active
    Lot size
    24.00 Acres
    Property subtype
    Farm / Ranch

    We can help!

    Listing Contact
    Rodney Topper
    Rodney Topper

    Listing agent Rodney Topper License #0643265

    Listing office Topper Real Estate

    Listing date May 6, 2026

    Source Compass

    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 Topper Real Estate

    HighLights

    • Approximately 24 acres with light restrictions, offering diverse usage possibilities.
    • Prime location with approximately 300 feet of highly desirable highway frontage on US 290, providing exceptional visibility and access.
    • Less than 15 minutes from downtown Dripping Springs and under 45 minutes to central Austin, combining rural living with city access.
    • Beautifully diverse land with mature oak trees and sweeping Hill Country views.
    • Paved access road ensures convenient entry to the property.
    • Features a seasonal tank, adding character and potential.

    Overview

    This property features approximately 24 acres of lightly restricted land in a rapidly growing area of Texas. It includes around 300 feet of highway frontage along US 290, providing high visibility and accessibility. The land has a mix of mature oak trees, open pasture, and Hill Country views. A seasonal tank is present on the property. A paved access road ensures convenience. The location is less than 15 minutes from downtown Dripping Springs and under 45 minutes from central Austin. The property is suitable for residential, commercial, recreational, or investment use.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Department Store Electrical Service Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dripping Springs
    County
    Hays
    State
    Texas
    Longitude
    -98.203748
    Latitude
    30.2092

    Nearby Similar for Sale

    • $950,000

      Commercial Property Near Downtown

      Commercial property with high-end finishes and excellent visibility.
      31872 Ranch Road 12 RD, Dripping Springs, TX 78620
      View Details
    • $3,795,000
      3,873 SF

      Hill Country Ranch Estate

      Luxury ranch on 28 acres in Dripping Springs, Texas.
      2300 W Fitzhugh Road, Dripping Springs, TX 78620
      View Details
    • $500,000

      Commercial Ag Property Auction

      7.93-acre commercial ag property in Dripping Springs, TX for sale.
      5820 W. Hwy 290, Dripping Springs, TX 78620
      View Details
    • $730,000

      Prime Commercial Lot in Dripping

      1.48-acre commercial lot with frontage on Ranch Rd 12.
      27709 Ranch Road 12, Dripping Springs, TX 78620
      View Details
    • $1,495,000
      118,483 SF

      Dripping Springs Commercial Land

      2.72-acre commercial land parcel in Dripping Springs, Texas.
      101 Goodnight Trl, Dripping Springs, TX 78620
      View Details
    • $500,000
      249,598 SF

      Commercial Ag Property Auction

      7.93 acre commercial agricultural property offered for sale.
      5820 Highway 290, Dripping Springs, TX 78620
      View Details
    • $3,750,000

      100-Acre Ranch Near Dripping Springs

      Pristine 100-acre ranch with panoramic views near Dripping Springs.
      Bell Springs Road, Dripping Springs, TX 78620
      View Details
    • $2,450,000
      5,000 SF

      Dripping Springs Commercial Property on 290

      1.571 acres with 5,000 sq.ft. building near Belterra.
      4002 E Highway 290, Dripping Springs, TX
      View Details
    • $450,000

      Prime Land in Dripping Springs

      1.83-acre land opportunity in a high-growth area.
      19001 Hamilton Pool Rd, Dripping Springs, TX 78620
      View Details
    • $450,000

      Texas Hill Country Land

      10-acre property near parks, shopping, and local breweries.
      3600 Stagecoach Ranch Loop lot: 25, Dripping Springs, TX 78620
      View Details
    • $3,000,000
      12,545 SF

      Austin/Dripping Springs Flex Investment

      12,545 SF flex space in thriving Austin/Dripping Springs area.
      120 Frog Pond Ln, Dripping Springs, TX 78620
      View Details
    • $800,000

      Land in Growing Dripping Springs

      Commercial land in a rapidly growing Central Texas location.
      121 E Mercer St, Dripping Springs, TX 78620
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 24 acres with highway frontage near Dripping Springs, Texas.
    Where is this agricultural land / farmland located?
    The property is located at 6590 Highway 290 Dripping Springs, TX.
    What is the asking price?
    The asking price for this property is $1,499,995.
    What are key features of this property?
    This property features: Approximately 24 acres with light restrictions, offering diverse usage possibilities.; Prime location with approximately 300 feet of highly desirable highway frontage on US 290, providing exceptional visibility and access.; Less than 15 minutes from downtown Dripping Springs and under 45 minutes to central Austin, combining rural living with city access.
    (830) 385-9658
    We can help!
    Listing Contact
    Rodney Topper
    Rodney Topper
    Real Estate License ID: 0643265
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6590 Highway 290, Dripping Springs, TX 78620
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!