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    29300 Ranch Road 12 Dripping Springs, TX 78620

    For Sale
    $4,000,000

    12 Acres, Prime Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 12.11-acre mixed-use property in Dripping Springs, Texas, presents a remarkable development opportunity. Located at 29300 Ranch Rd 12, this site boasts over 900 feet of frontage on Ranch Road 12 and is situated within the Dripping Springs ETJ, benefiting from the area's explosive planned growth. The property's strategic location places it adjacent to the Anarene "Double L Ranch" master-planned community, between Founders Ridge Subdivision and Dripping Springs Elementary School, ensuring high visibility and accessibility. Water service is provided by Dripping Springs Water Supply Corp. A sanitation easement runs along the property's border, and a lift station for wastewater is conveniently located at the edge, facilitating potential annexation into the city. The asking price for this prime development land is $4,000,000. This is an unparalleled chance to capitalize on the thriving Dripping Springs market and create a significant return on investment. The property's versatility allows for a range of commercial and mixed-use developments, catering to the area's growing population and demand. Don't miss this exceptional opportunity to acquire a highly desirable and strategically located property in one of Texas's fastest-growing areas. Zip code: 78620.

    Property Features for 29300 Ranch Road 12

    General Information

    Property type
    Land
    Lot Size
    527,512 SF

    HighLights

    • $4,000,000 asking price.
    • Mixed‑use land, 12.11 acres.
    • Located at 29300 Ranch Rd 12, Dripping Springs, TX 78620.
    • Over 900 feet of Ranch Road 12 frontage.
    • Adjacent to Anarene "Double L Ranch" master‑planned community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Skin Care Clinic Department Store Food Market Grocery Store HVAC Service Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Dripping Springs
    County
    Hays
    State
    Texas
    Longitude
    -98.0839054
    Latitude
    30.2139156

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    FAQs

    What type of property is this?
    Land - 12 Acres, Prime Development Opportunity
    Where is this land located?
    The property is located at 29300 Ranch Road 12 Dripping Springs, TX.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: $4,000,000 asking price.; Mixed-use land, 12.11 acres.; Located at 29300 Ranch Rd 12, Dripping Springs, TX 78620.
    Request Owner's contact information
    29300 Ranch Road 12 Dripping Springs, TX 78620
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    Dripping Springs, TX 78620
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    Realmo Value Estimation

    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.

    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.

    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
    29300 Ranch Road 12 Dripping Springs, TX 78620
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