1010 Martin Rd Dripping Springs, TX 78620
This exceptional investment opportunity presents a four-unit industrial property ideally situated in Dripping Springs, Texas, at 1010 Martin Rd, 78620. The property encompasses 2.649 acres of land and features a mix of building types, including one approximately 2,000 square foot shop and three approximately 648 square foot storage sheds, all constructed in 2010 and 2017. The main shop boasts 12-foot ceilings, 200-amp single-phase electrical service, numerous perimeter outlets, and a restroom with a toilet, sink, and shower. Well-lit with energy-efficient T-8 fixtures, the shop also features tall overhead doors at both ends. Exterior amenities include a 30-amp camper hookup with water and an on-site septic system. A significant 10,000-gallon rainwater collection system is also in place. The three additional storage buildings are dry and offer ample space. Currently, all four units are occupied by tenants under short-term leases. The property's zoning is unlisted, and it's located outside city limits and the extraterritorial jurisdiction (ETJ) in Hays County. The land value is $6.70 per square foot, and the asking price for this fee-simple ownership is $699,900. The property offers significant potential for expansion, with ample space to add one or two more buildings or utilize the land as a construction yard.
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
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.