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    100 Commons Rd Dripping Springs, TX 78620
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    100 Commons Rd Dripping Springs, TX 78620

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    • Office properties & Spaces
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 100 Commons Rd

    Property type
    Office properties & Spaces
    Property subtype
    Coworking space

    Description

    This exceptional 4,214 square foot coworking space in Dripping Springs, Texas, presents a unique investment opportunity. Located at 100 Commons Rd, 78620, this single-tenant property offers a fully furnished, ready-to-use environment. The space boasts eight dedicated offices, seventeen workstations, two conference rooms, and two phone rooms, ensuring ample space for a variety of business needs. A well-equipped kitchen, two restrooms, and a data/storage closet add to the convenience. Currently, there are over 43 months remaining on an existing lease at a highly competitive rate. The property's versatile design allows for potential use as retail or medical space, expanding its appeal to a wider range of businesses. All furnishings are negotiable as part of the purchase. This prime location in the heart of Dripping Springs offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a thriving and established community. The property is situated in Hays County and is easily accessible via its address on Commons Road. This turnkey solution provides immediate occupancy and significant potential for return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dripping Springs
    County
    Hays
    State
    Texas
    Longitude
    -98.085
    Latitude
    30.1927

    Comparable in this City

    • Value Estimation by Request
      1,100 SF

      30303 Ranch Road 12

      Coworking space • 1,100 SF
      30303 Ranch Road 12, Dripping Springs, TX 78620
      View Details
    • Value Estimation by Request

      9 Hwy 290

      CONDOMINIUM OFFICES
      9 Hwy 290, Dripping Springs, TX 78620
      View Details
    • Value Estimation by Request
      2,000 SF

      7080 Us-290

      Office Units • 2,000 SF
      7080 Us-290, Dripping Springs, TX 78620
      View Details
    • Value Estimation by Request
      40,167 SF

      100 Commons Rd

      Office properties & Spaces • 40,167 SF
      100 Commons Rd, Dripping Springs, TX 78620
      View Details
    • Value Estimation by Request
      6,256 SF

      22601 Ranch Road 12

      Distribution properties • 6,256 SF
      22601 Ranch Road 12, Dripping Springs, TX 78620
      View Details
    • Value Estimation by Request
      5,400 SF

      800 Us-290

      Medical Office Space • 5,400 SF
      800 Us-290, Dripping Springs, TX 78620
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      912 SF

      Fitzhugh Road Commercial Acreage

      One-acre lot on Fitzhugh Corridor with redevelopment potential.
      16804 Fitzhugh Rd, Dripping Springs, TX 78620
      View Details
    • Contact for pricing
      4,800 SF

      Flex Warehouse Space For Sale

      Flex/warehouse space with excellent parking available for sale.
      1034 Canyon Bend Dr, Dripping Springs, TX 78620
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space Available For Lease

      Commercial property available for lease in Dripping Springs, Texas.
      1032 Canyon Bend Dr, Dripping Springs, TX 78620
      View Details
    • $13 SF/Yr
      6,256 SF

      New Hays County Warehouse

      6,256 SF Shell Warehouse, 7.16 Acres
      22601 Ranch Road 12, Dripping Springs, TX 78620
      View Details
    • Contact for pricing

      Office and Yard Space Available

      Office and yard space for lease on Ranch Road 12.
      30303 Ranch Road 12, 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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    100 Commons Rd, Dripping Springs, TX, 78620
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