Property profile

29300 Ranch Road 12 Dripping Springs, TX 78620

FOR SALE
Commercial land
Property ID
US83-1826878
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Property summary

AI-generated overview

This is a fabulous opportunity for development. The Property has more than 900’ of Ranch Road 12 frontage and is in the Dripping Springs ETJ. Explosive Growth in the Area is Planned. The Anarene “Double L Ranch” master planned community is adjacent to the property. This 12 acre site sits between the Founders Ridge Subdivision and the Dripping Springs Elementary School. Dripping Springs Water Supply Corp. provides water to the property. For future plans, a sanitation easement runs along the border of the Property. If the Buyer chooses to have the property annexed into the City, a lift station for waste water is along the edge of the property. Immediate Opportunity and Location, Location, Location!!!

Property profile

Verified
Property type Commercial land
UPID US83-1826878

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

29300 Ranch Road 12 Dripping Springs, TX 78620
Dripping Springs metro
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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