3000 Hwy Dripping Springs, TX 78620
This exceptional 15-acre commercial property in Dripping Springs, Texas, presents a remarkable investment opportunity. Located at 3000 West Highway 290, Hays County, zip code 78620, this unrestricted land boasts commanding highway frontage, ensuring maximum visibility and accessibility. Its strategic location offers easy connectivity to major thoroughfares, making it ideal for diverse commercial ventures. The expansive acreage allows for a multitude of development possibilities, including multi-family housing, a boutique hotel, a commercial complex, or a mixed-use development. Previous owner considerations included a 3-par golf course at the rear, complementing commercial development at the front. Dripping Springs' rapid growth and desirability make this property not only a promising immediate investment but also a sound long-term asset, poised to benefit from the area's upward real estate trajectory. This is a rare chance to capitalize on the potential of one of Texas' most attractive locations. The asking price is $5,950,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.