Unrestricted Land with
For Sale
Contact for pricing
22100 Ranch to Market Rd 150, Driftwood, TX 78619
Versatile 1.89-acre property suitable for various business ventures.
Property Size2,554 SF
Lot Size1.89 Acres
Price / SF$528.58
Days on Market737
Property Features for 22100 Ranch to Market Rd 150
General Information
Standard status
Active
Size
2,554 SF
Lot size
1.89 Acres
Property subtype
Office
Building Details
Year Built
1957
Stories
1
Listing Agency:
Friedman Real Estate Austin
(512) 892-9934
Listed By:
Josh Friedman · License #TX
Source:
Crexi
Added: Aug 26, 2024
Changed: Aug 13
Last Checked: Aug 29 at 4:47AM
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 Austin
Investment Insights
Based on property information with market context.
This unrestricted 1.89-acre property features 415 feet of frontage along RM150. The gently sloping terrain includes mature oak trees and two driveways. The property has a newly installed oversized septic system, a strong water well, and on-site electricity. The main building offers over 1,600 square feet, including private offices, a kitchen, and two full bathrooms, making it suitable for use as an office or showroom. There is also a 900-square-foot air-conditioned shop. The ample yard and lay-down space are suitable for outdoor storage of heavy equipment, landscape supplies, and building materials, making it well-suited for businesses such as landscaping, construction, plumbing, or contracting. The property also presents potential for overnight or short-term rentals, including Airbnb, VRBO, or a boutique-style hotel. Located approximately 1.5 miles from the RR12/RM150 intersection, it offers access to Dripping Springs, Wimberley, and Austin. The property size is 2,554 square feet.
Key Highlights
- Unrestricted 1.89‑acre property with 415 feet of frontage on RM150.
- Equipped with a newly installed oversized septic system, a strong water well, and on‑site electricity.
- Includes a 1,600‑square‑foot building with offices, kitchen, and two bathrooms, plus a 900‑square‑foot air‑conditioned shop.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,901
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,218,020
$1.2M
Cap Rate 7%
$870,014
$870.0K
Cap Rate 9%
$676,678
$676.7K
Market Conditions
NOI Build-Up for 2,554 SF
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.
Gross rent
$107.3K $42.00/SF
− Vacancy
−$26.1K −$10.21/SF
EGI
$81.2K $31.79/SF
− OpEx
−$20.3K −$7.95/SF
NOI
$60.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,218,020
Cap Rate 7%
$870,014
Cap Rate 9%
$676,678
Alternative Uses
Best Use
Office B
$870.0K
$761.3K – $1.02M
NOI $60,901 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$934.2K – $1.25M
NOI $74,735 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 78619, TX
5,819
Population
2,484
Households
2.3
Avg Household Size
44
Median Age
55%
College-Educated
99%
High-School Grad
39.9 sq mi
ZIP Area
146
Density / Sq Mi
$171,667
Median Household Income
$69,688
Median Earnings
$1,245
Median Rent
$709,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Versatile 1.89-acre property suitable for various business ventures.
Where is this office units located?
The property is located at 22100 Ranch to Market Rd 150 Driftwood, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Unrestricted 1.89‑acre property with **415 feet of frontage on RM150**.; Equipped with a newly installed oversized septic system, a strong water well, and on‑site electricity.; Includes a **1,600‑square‑foot building with offices, kitchen, and two bathrooms, plus a 900‑square‑foot air‑conditioned shop**.
