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    Dripping Springs, TX
    Rehabilitation Center

    Dripping Springs, TX Rehabilitation Centers for Sale

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    Assisted Living Facility with Courtyard
    Updated: May 27
    Assisted Living Facility with Courtyard

    400 Old Highway 290, Dripping Springs, TX 78620

    $6,000,000
    16,006 sqft 22.74 AC lot
    Former memory care facility built in 2001 on a gated property in Dripping Springs, TX, near Dripping Springs High School
    3 building wings with 17 guest/client rooms plus multiple offices, large dining room and kitchen, and a reception area
    22 restrooms and 4 showers, including a medicine room and an exercise room, with large windows for natural light
    Includes several covered patios, an attached apartment, and an attractive courtyard; raised herb gardens are on site
    On‑site client amenities include a client beauty salon nook and a large activity room
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    This listing looks promising.

    Here's a quick look at some key insights for

    400 Old Highway 290, Dripping Springs, TX 78620

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    • Est. Cap Rate

      4.8%
      NOI ÷ price

    • Est. NOI

      $290K
      Annual

    • Price @ 7% Cap

      $4.15M
      Suggested
    View Property Analytics
    Rehabilitation and Care Facility Campus
    Updated: Aug 1, 2024
    Rehabilitation and Care Facility Campus

    400 W Old Hwy 290, Dripping Springs, TX 78620

    $13,900,000
    18,060 sqft 22.70 AC lot
    22.7‑acre commercial campus with a recently vacated 16,006 SF facility formerly used as a memory care center
    Approx. 2,700' combined frontage across from Dripping Springs High School along the Roger Hanks Parkway extension and Old U.S. 290
    Facility layout includes 17 rooms and 22 bathrooms (including 4 showers), plus large dining/kitchen, fitness room, meeting rooms, offices, waiting rooms, and courtyards
    Utility capacity includes city water on the property; currently served by septic, and has 63 LUEs with potential for 30 additional LUEs when city sewer reaches
    Zoned commercial with potential for multi‑family use; includes a 2,054 SF leased house and a large metal building with an office
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Dripping Springs, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Two-Building Rehabilitation & Health Center
    Two-Building Rehabilitation & Health Center

    5020 Sayle Street, Greenville, TX 75402

    $399,900
    3.35 AC lot

    Two separate buildings on 3.35+/- acres near I-30, Hwy 380, and Hwy 69.

    View details
    Two-Story Medical Center with Pool
    Two-Story Medical Center with Pool

    402 S John Redditt Drive, Lufkin, TX 75904

    $5,900,000
    1.55 AC lot

    Two-story medical facility includes multiple exam rooms and an indoor heated pool with therapy and locker areas.

    View details
    Two-Building Healthcare Campus
    Two-Building Healthcare Campus

    5020 Sayle Street, Greenville, TX 75402

    $399,900
    3.35 AC lot

    Former guest house and health center offering two buildings on approximately 3.35 acres for flexible commercial or professional use.

    View details
    Versatile Medical/Office Building For Sale
    Versatile Medical/Office Building For Sale

    402 S John Redditt Drive, Lufkin, TX 75904

    $5,900,000
    22,959 sqft

    22,959 SF medical/office building with pool and ample parking.

    View details

    Dripping Springs, TX Rehabilitation Centers Market Trends and Statistics

    Explore 2 rehabilitation centers for sale in Dripping Springs, TX on our real estate platform. These investment opportunities span a total of 34,066 square feet of properties for sale, with an estimated market value of $19,900,000.

    Sale prices for rehabilitation centers in Dripping Springs, TX start at $6,000,000, averaging $9,950,000, and reaching up to $13,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Assisted living facilities 4
    Rehabilitation centers 3
    Medical centers 2
    Medical space 1

    Demographics Overview

    Population 21K
    Population Growth (5Y) +22.2%
    Median Household Income $146,551
    College Educated 83.1%

    High-Yield Neighborhoods for Investment

    Identify Dripping Springs submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    78620 $6M

    Taxes & Financing

    Tax Rate (average for all types) 1.51%
    Property Tax per SF $39.84 per SF
    Tax Rate vs County Average 0.22 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hays County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Hays County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Dripping Springs fall within the 100,000+ square foot range.

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