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    30303 Ranch Road 12 Dripping Springs, TX 78620

    • Coworking space
    • 1,100 SF
    For Lease
    View listing
    $36 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1792865
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Coworking space

    Property Details for 30303 Ranch Road 12

    Year built
    2010
    Property size
    1,100 SF
    Property type
    Coworking space
    Property subtype
    Office space

    Description

    This exceptional Dripping Springs property, located at 30303 Ranch Road 12, offers a versatile 1,100 square foot office building situated on a generous 2.956-acre lot (with potential for more acreage). Built in 2010, the single-tenant building boasts a flexible layout ideal for a variety of uses, including creative office, traditional office, or coworking space. The interior features two private offices, an open workspace/reception area, a loft suitable for a third office or coworking space, ample storage, a convenient kitchen, and a deck for outdoor enjoyment. The property's prime location on Ranch Road 12 provides excellent visibility and accessibility. The expansive 128,763 square foot lot offers significant yard space, perfect for outdoor activities or expansion. This property presents a unique opportunity to acquire a well-maintained office building with substantial land in the desirable Dripping Springs, Texas market (zip code 78620), within Hays County. The building's adaptable design caters to diverse business needs, from insurance and tech companies to real estate, mortgage firms, and various professional services. Contact us to learn more about this outstanding opportunity and the potential for additional acreage.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dripping Springs
    County
    Hays
    State
    Texas
    Longitude
    -98.072586704464
    Latitude
    30.23409792868

    Comparable in this City

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      Texas Hill Country Gem: Lease

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      3,290 SF space ideal for professional or medical office.
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    • $30,815

      Dripping Springs Office Space Available

      Office space for rent in Dripping Springs, Texas.
      195 American Way, Dripping Springs, TX 78620
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      Charming office space in historical Dripping Springs available for rent.
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    • $3,150 /Mo

      Private Office Suite For Rent

      Charming office suite with reception, break room, and flex space.
      275 Frog Pond Ln, Dripping Springs, TX 78620
      View Details

    Similar Nearby for Sale

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      Dripping Springs Commercial Property on Highway

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    Similar Nearby for Lease

    • $1,950 /Mo

      Historical Office Space in Dripping

      Charming office space in historical Dripping Springs available for rent.
      602 Old Fitzhugh Rd, Dripping Springs, TX 78620
      View Details
    • $3,150 /Mo

      Private Office Suite For Rent

      Charming office suite with reception, break room, and flex space.
      275 Frog Pond Ln, Dripping Springs, TX 78620
      View Details
    • $3,800 /Mo

      Dripping Springs Office Suite For Rent

      Private office suite with Hill Country views and RR12 frontage.
      30307 120, Dripping Springs, TX 78620
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      Dripping Springs Office Space Available

      Office space for rent in Dripping Springs, Texas.
      195 American Way, Dripping Springs, TX 78620
      View Details
    • $39 SF/Yr
      2,000 SF

      Texas Hill Country Gem: Lease

      Historic Filling Station, Creative Office Space
      7080 Us-290, Dripping Springs, TX 78620
      View Details
    • $19 SF/Yr
      1,300 SF

      Versatile Space Near Highway 290

      Adaptable space suitable for retail, flex, or office use.
      105 S Canyonwood Dr, Dripping Springs, TX 78620
      View Details
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    Dripping Springs, TX 78620
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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