Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Land in Driftwood, Texas Title is generated by Realmo AI

    701 Grande St B, Driftwood, TX 78619

    View on Map
    Claim this Listing
    For Sale
    $900,000

    Land with well water, electricity, fenced, and AG exempt.

    Type:Land
    Added:
    Apr 11, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 11 at 6:17 am

    Property Features for 701 Grande St B

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Harley Haltermann

    Listing agent Harley Haltermann

    Listing office

    Listing date Apr 11, 2026

    Source Elliman

    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 Harley Haltermann

    HighLights

    • Prime real estate in Driftwood, Texas.
    • Access to well water on the property.
    • Electricity available on the property.
    • Property is completely fenced in.
    • Ag exempt status.
    • Location offers proximity to Austin.

    Overview

    This property presents an opportunity to build a home in Driftwood, Texas. The land is fenced and has access to well water and electricity. It currently holds an AG exemption. The location offers proximity to Austin.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Electrical Service Arcade & Gaming Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Driftwood
    County
    Hays
    State
    Texas
    Longitude
    -97.9857691
    Latitude
    30.0634638

    Nearby Similar for Sale

    • $1,675,000

      Texas Hill Country Ranch Estate

      25-acre ranch in gated community near wineries and Dripping Springs.
      1400 Panther Creek Road, Driftwood, TX 78619
      View Details
    • $299,000

      Driftwood Land with Shop

      2.5-acre property in Rolling Oaks with large shop.
      Lame Hoss Lane lot: 10, Driftwood, TX 78619
      View Details
    • $13,495,000

      Multifunctional Estate with Onion Creek Frontage

      Exceptional estate near Austin with development potential and commercial appeal.
      18059 FM 1826 Rd, Driftwood, TX 78619
      View Details
    • $5,600,000
      25,000 SF

      Modern Industrial/Flex Space Building

      25,000 SF industrial/flex space in Driftwood, Texas for sale.
      18992 FM 150 W, Driftwood, TX 78619
      View Details
    • $13,495,000

      Driftwood Specialty Property For Sale

      Specialty property available for purchase in Driftwood, Texas.
      18059 FM 1826 RD, Driftwood, TX 78619
      View Details
    • $550,000

      Unrestricted Land Near Dripping Springs

      Two-acre unrestricted property with utilities near Driftwood and Dripping Springs.
      170 Brownson Lane, Driftwood, TX 78619
      View Details
    • $1,675,000

      Texas Hill Country Ranch Estate

      25-acre property in gated community with panoramic views.
      1400 Panther Creek Road, Driftwood, TX 78619
      View Details
    • $5,600,000
      25,000 SF

      Versatile Income-Producing Commercial Property

      25,000 SF commercial property with multiple income streams in Driftwood, TX.
      Driftwood, TX 78619
      View Details
    • $1,800,000

      Driftwood Land For Sale

      Land available near FM 150 W, Driftwood, TX 78619
      18001 Fm 150 W, Driftwood, TX 78619
      View Details
    • $170,000

      Land for Sale in Driftwood

      Land available in Hays County, Driftwood, Texas.
      420 Onion Creek LN, Driftwood, TX 78619
      View Details
    • $1,350,000
      2,554 SF

      Unrestricted Land with Office/Showroom

      Versatile 1.89-acre property suitable for various business ventures.
      22100 Ranch to Market Rd 150, Driftwood, TX 78619
      View Details

    FAQs

    What type of property is this?
    Land - Land with well water, electricity, fenced, and AG exempt.
    Where is this land located?
    The property is located at 701 Grande St B Driftwood, TX.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Prime real estate in Driftwood, Texas.; Access to well water on the property.; Electricity available on the property.
    (512) 363-7696
    We can help!
    Listing Contact
    Harley Haltermann
    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
    701 Grande St B, Driftwood, TX 78619
    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!