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Property profile & analytics

231 Frog Pond Ln Dripping Springs, TX 78620-4915

  • Commercial real estate
  • 1,140 SF
  • 1.92 lot acres
OFF-MARKET
Last Sale
Nov 03, 2021
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US83-1793420
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 231 Frog Pond Ln

Year built
2019
Lot size
1.92 lot acres
Property size
1,140 SF
Property type
Commercial real estate
APN
R86721
APU
R86721

Description

This exceptional mixed-use property, located on Hwy 290 in Dripping Springs, Texas, offers 6,000 square feet of space on a 1.916-acre lot. Built in 2020, this Class B building features two stories and boasts 2,940 square feet of net rentable space, priced at $316.67 per square foot. The asking price is $1,900,000. The property includes 20 parking spaces and a 50,000-gallon rainwater collection system. Zoned ETJ, it's ideal for owner-users seeking a versatile space. The building features three separate HVAC systems and electrical meters, allowing for division into three independent units, perfect for retail, office, or light industrial uses. High ceilings (20+ ft), multiple roll-up doors, and five bathrooms add to its appeal. This prime location offers excellent visibility and high traffic counts, making it an attractive investment opportunity in a rapidly growing area, conveniently located within a 30-minute drive of Austin. The property is currently listed as a short sale opportunity. Additional features include a secure alarm system and a food truck lot with its own electrical hookup. This property is priced below the Appraisal District Market Value.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Dripping Springs
County
Hays
State
Texas
Longitude
-98.0389
Latitude
30.193
CBSA code
12420
CBSA name
AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$35,040
$521,420
$1,578,580
$2,100,000
-
$521,420
$1,578,580
$2,100,000
More about this property
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