23490 Ranch Rd 12, Driftwood, TX 78619
Dance hall with five cabins on 4.18 acres.
- Added:
- Feb 3, 2024
- Days on Market:
- 885
- Last Refresh:
- Jul 4 at 4:56 am
Property Features for 23490 Ranch Rd 12
General Information
- Standard status
- Active
- Size
- 7,100 SF
- Lot size
- 4.18 Acres
- Property subtype
- Retail
Listing office Deal Vision (512) 762-7569
Listing date Feb 3, 2024
Source Crexi
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 Deal Vision
HighLights
- Established income potential with 5 fully operational Airbnb cabins.
- Large 5,000 SF dancehall suitable for events and gatherings.
- Significant land parcel of 4.18 acres offering space and privacy.
- Robust construction of the dancehall with a reinforced concrete slab and deep piers.
- Unrestricted land use due to the absence of zoning regulations.
- Independent water and waste management systems (well and septic) in place.
Overview
Local Financial Insights For Retail
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 | $184.9k | $26.04 |
| − Vacancy | −$6.3k | −$0.89 |
| EGI | $178.6k | $25.15 |
| − OpEx | −$53.6k | −$7.55 |
| NOI | $125.0k | $17.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Driftwood
- County
- Hays
- State
- Texas
- Longitude
- -98.088326
- Latitude
- 30.121025
