Leased Office Condo
800 W Highway 290 #D Dripping Springs, TX 78620
800 W Highway 290 #D, Dripping Springs, TX, 78620
$1,100,000
For Sale
$1,100,000
Office condo within a commercial complex with 4,000 SF and one available suite for occupancy or investment.
Property Size4,000 SF
Price / SF$275
Days on Market361
Property Features for 800 W Highway 290 #D
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2001
Listing agency
Friedman Real Estate, Inc.
(512) 892-9934
Listed by
Josh Friedman · License #0451763
Source
Buttross
Added: Jul 28, 2025 Updated: Jul 22 at 8:31PM Checked: Jul 23 at 6:40AM
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.
Located within a well-established commercial condo complex, this 4,000 SF office property offers a flexible layout suitable for a range of professional uses. The building is currently leased out with the exception of one suite, providing an owner-user option to occupy a portion while generating income, or an investor option for a predominantly leased asset.
The property is positioned just off Highway 290 in Dripping Springs, providing convenient access for clients and tenants. It is described as being in one of the area’s desirable business corridors with visibility from the highway-adjacent location, supporting straightforward client access and tenant visibility.
The property is positioned just off Highway 290 in Dripping Springs, providing convenient access for clients and tenants. It is described as being in one of the area’s desirable business corridors with visibility from the highway-adjacent location, supporting straightforward client access and tenant visibility.
Key Highlights
- 4,000 SF office condo in a well‑established commercial condo complex
- Leased with the exception of one suite, available for occupancy or investment
- Located just off Highway 290 for client and tenant access
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 | $168.0k | $42.00 |
| − Vacancy | −$40.8k | −$10.21 |
| EGI | $127.2k | $31.79 |
| − OpEx | −$31.8k | −$7.95 |
| NOI | $95.4k | $23.85 |
4,000 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.59M
NOI $95,382 @ 7.0% cap · market cap 8.67%
Second Best
Healthcare Medical
$1.04M
$907.2K – $1.21M
NOI $72,576 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,047 @ 7.0% cap · market cap 10.64%
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 - Office condo within a commercial complex with 4,000 SF and one available suite for occupancy or investment.
Where is this office units located?
The property is located at 800 W Highway 290 #D Dripping Springs, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,000 SF office condo in a well‑established commercial condo complex; Leased with the exception of one suite, available for occupancy or investment; Located just off Highway 290 for client and tenant access
