Individually Owned 
For Sale
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Property summary
Exceptional investment opportunity: A 5,000 square foot event center situated on a 4.18-acre lot in Driftwood, Texas (78619). This property, located at 23490 Ranch Rd 12, boasts a substantial 5,000 square foot dance hall built on an 8-inch concrete slab supported by 40, 20-foot deep piers. The main building features 15 tons of air conditioning and 3-phase power. A 6,000-gallon retention tank is also present. The property includes five additional cabins, currently utilized as Airbnb rentals,… providing supplemental income streams. The land itself offers a significant value proposition, with a price per square foot of $12.63. The property is serviced by a well and septic system. There is no permitted zoning. This versatile property presents a unique opportunity for various uses, including a music venue, wedding/event venue, industrial/warehouse space, or bar/restaurant. The high median household income in the nearby Dripping Springs area ($116,068 in 2023) indicates strong potential for success. This is a for-sale-by-owner property, priced at $2,300,000.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Driftwood market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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