Entity Owned Property summary
This exceptional 6,000 square foot retail property, located in the heart of Dripping Springs' historic district at 301 W Mercer St, presents a unique investment opportunity. The building, a nationally recognized landmark constructed in 1891 and renovated in 2012, boasts two distinct commercial spaces, each approximately 3,000 square feet. Currently occupied by two established businesses – one with a lease extending to September 21st, 2027, with a five-year renewal option, and the other… owner-occupied and potentially available for new use after a negotiated timeframe – this multi-tenant property offers immediate income potential and long-term growth prospects. The property sits on four contiguous lots totaling 19,998 square feet, providing ample space and parking. Features include a covered walkway, convenient parking access from Mercer and College Streets, a large rear parking lot, a fenced and landscaped side yard for one tenant, and a loading dock. The property also benefits from the shade of a historic oak tree on city property. The building is zoned CS and offers potential for a second-story addition. This is an unparalleled opportunity to own a piece of Dripping Springs history in a rapidly growing area of Hays County, one of the fastest-growing counties in the nation. The asking price is $2,890,000, reflecting a land value of $6,534,524.07 per acre. The property is offered as a Net NNN lease.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
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
1 recorded sale · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 340 SF
- Lot area
- 0.46 ac
- Year built
- 1891
- Stories
- 1
- APN
- R26703
- Assessed value · 2024
- $485,000
- Annual tax · 2023
- $8,162
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
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 any signals we can model, to 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.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Alternative use
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