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    Property profile & analytics

    101 Goodnight Trl Dripping Springs, TX 78620

    • Commercial real estate
    • 2.72 lot acres
    For Sale
    View listing
    $1,495,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1795509
    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

    • Commercial real estate

    Property Details for 101 Goodnight Trl

    Lot size
    2.72 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.72-acre commercial land parcel presents a unique opportunity in the desirable Dripping Springs, Texas market. Located at 101 Goodnight Trail, 78620, this property offers a tranquil setting amidst the picturesque Texas Hill Country. Its expansive acreage provides ample space for a variety of commercial ventures, from agricultural pursuits to recreational uses. Imagine establishing a thriving farm, ranch, or even a unique commercial development that capitalizes on the area's renowned wineries, distilleries, and breweries. The peaceful, rural setting offers a distinct advantage, attracting clientele seeking a respite from urban life. The property's location in Hays County provides easy access to Dripping Springs' vibrant community and its surrounding amenities. This versatile land presents a blank canvas for a discerning investor seeking a prime location with significant development potential. The address is easily accessible, and the land itself is largely flat and ready for development. This is a rare opportunity to acquire a substantial commercial parcel in a highly sought-after area of Texas. Don't miss out on this chance to build your business in a stunning and convenient location.

    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
    -98.0879094
    Latitude
    30.2104079

    Comparable in this City

    • $2,506,000
      7.19 Acres

      Dripping Springs Commercial Land

      Prime Retail Land, Hwy 290 Proximity
      78676 Ranch Road 12, Dripping Springs, TX 78620
      View Details
    • Contact for pricing
      5.75 Acres

      Ranch Road Crossing: Dripping Springs

      5.75-acre commercial land, prime location
      27900 Ranch Road 12, Dripping Springs, TX 78620
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    • $450,000

      5 Acre Tract with Views

      Land with panoramic views, barn, workshop, and seasonal creek.
      560 Longview Rd, Dripping Springs, TX 78620
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    • $997,500

      Land For Sale

      Commercial land available for purchase.
      31858 Ranch Road 12, Dripping Springs, TX 78620
      View Details
    • $425,000

      Land Available in Dripping Springs

      Land for sale at Ranch Road 12, Dripping Springs.
      31171 Ranch Road 12, Dripping Springs, TX 78620
      View Details
    • $605,484

      Highway 290 Investment Opportunity

      Prime land parcel on Highway 290 in Dripping Springs.
      W Highway 290, Dripping Springs, TX 78620
      View Details

    Similar Nearby for Sale

    • $2,506,000
      7.19 Acres

      Dripping Springs Commercial Land

      Prime Retail Land, Hwy 290 Proximity
      78676 Ranch Road 12, Dripping Springs, TX 78620
      View Details
    • Contact for pricing
      5.75 Acres

      Ranch Road Crossing: Dripping Springs

      5.75-acre commercial land, prime location
      27900 Ranch Road 12, Dripping Springs, TX 78620
      View Details
    • $450,000

      5 Acre Tract with Views

      Land with panoramic views, barn, workshop, and seasonal creek.
      560 Longview Rd, Dripping Springs, TX 78620
      View Details
    • $997,500

      Land For Sale

      Commercial land available for purchase.
      31858 Ranch Road 12, Dripping Springs, TX 78620
      View Details
    • $425,000

      Land Available in Dripping Springs

      Land for sale at Ranch Road 12, Dripping Springs.
      31171 Ranch Road 12, Dripping Springs, TX 78620
      View Details
    • $605,484

      Highway 290 Investment Opportunity

      Prime land parcel on Highway 290 in Dripping Springs.
      W Highway 290, Dripping Springs, TX 78620
      View Details

    Similar Nearby for Lease

    • $36 SF/Yr
      1,100 SF

      Dripping Springs Office Space

      1,100 sq ft Office, 2.956 Acres
      30303 Ranch Road 12, Dripping Springs, TX 78620
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    • $15 SF/Yr

      Warehouse Space with Office

      Warehouse space with office and excellent parking available for lease.
      1034 Cyn Bnd Dr Dr, Dripping Springs, TX 78620
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    • $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
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    • $26 SF/Yr
      4,397 SF

      Dripping Springs Executive Office Space

      Modern Office, 4,397 SF Available
      721 Highway 290, Dripping Springs, TX 78620
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    • $2,304 /Mo

      Dripping Springs Office Space

      1,200 SF office space in Dripping Springs near Austin.
      701 Highway 290 W 101, Dripping Springs, TX 78620
      View Details
    • $24 SF/Yr

      Specialty Property For Rent

      Specialty property available for rent.
      2400B Us Hwy, Dripping Springs, TX 78620
      View Details
    Request Owner's contact information
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    101 Goodnight Trl
    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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