Office Condo Suite
D-800 W Highway 290 Dripping Springs, TX 78620
D-800 W Highway 290, Dripping Springs, TX, 78620
$1,100,000
For Sale
$1,100,000
Office condo in a commercial complex off Highway 290, mostly leased with one suite available.
Property Size4,000 SF
Price / SF$275
Days on Market359
Property Features for D-800 W Highway 290
General Information
- Standard status
- Active
- Size
- 4,000 SF
Listing agency
Friedman Real Estate, Inc.
(512) 892-9934
Listed by
Josh Friedman · License #0451763
(512) 892-9934
Source
Exprealty
Added: Jul 28, 2025 Updated: Jul 21 at 6:47AM Checked: Jul 21 at 6:47AM
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, Inc.
Investment Insights
Based on property information with market context.
Located within a well-established commercial condo complex, this approximately 4,000 SF office property offers a flexible layout suited for a variety of professional uses. The building is currently leased out with the exception of one suite, making it a practical fit for an owner-user looking to occupy part of the property while maintaining rental income, or for an investor seeking a stabilized asset.
The property is situated just off Highway 290 in Dripping Springs, with visibility and straightforward access intended to serve clients and tenants. The configuration supports a range of professional disciplines, including medical, legal, tech, and financial services.
An investor or occupying tenant can evaluate the available suite alongside the existing leases within the condo complex, combining operational flexibility with an established income base.
The property is situated just off Highway 290 in Dripping Springs, with visibility and straightforward access intended to serve clients and tenants. The configuration supports a range of professional disciplines, including medical, legal, tech, and financial services.
An investor or occupying tenant can evaluate the available suite alongside the existing leases within the condo complex, combining operational flexibility with an established income base.
Key Highlights
- 4,000 SF office condo in a well‑established commercial condo complex
- Mostly leased with one suite available
- Located just off Highway 290 with easy access for clients and tenants
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 in a commercial complex off Highway 290, mostly leased with one suite available.
Where is this office units located?
The property is located at D-800 W Highway 290 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; Mostly leased with one suite available; Located just off Highway 290 with easy access for clients and tenants
