28000 RR12 | Dripping Springs, TX 78620
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28000 RR12
Dripping Springs, TX 78620
Whim Hospitality · Industrial Property For Sale
PROPERTY FACTS
| Property Type | Industrial | Year Built/Renovated | 1990/2017 |
| Property Subtype | Showroom | Parking Ratio | 1.92/1,000 SF |
| Building Class | B | No. Dock-High Doors/Loading | 3 |
| Lot Size | 1.73 AC | No. Drive In / Grade-Level Doors | 5 |
| Rentable Building Area | 28,700 SF | Cross Streets | Grand Prairie Cir |
| No. Stories | 2 | ||
| Zoning | C | ||
| Property Type | Industrial |
| Property Subtype | Showroom |
| Building Class | B |
| Lot Size | 1.73 AC |
| Rentable Building Area | 28,700 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1990/2017 |
| Parking Ratio | 1.92/1,000 SF |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 5 |
| Cross Streets | Grand Prairie Cir |
| Zoning | C |
AMENITIES
- Signage
UTILITIES
- Water - City
- Sewer - City
- Heating - Electric
ABOUT 28000 RR12 , DRIPPING SPRINGS, TX 78620
100% Leased, single tenant. 8% Cap rate. $12/ft absolute net 38 month lease with 2- 2 YR options for renewal. Annual NOI $344,400, $28,700/month. Main building is the old Dripping Springs Hardware store, was renovated in 2008. It is 20,7000 sqft w/ approx 4000 sq ft showroom/office with HVAC, & the remainder is 2 story warehouse/ production space. Addl building was built in 2017, 8000 sq ft w/24 ft high ceilings & adjustable lift loading docks. Unique property with strong redevelopment potential.
PROPERTY TAXES
| Parcel Number | R18127 | Improvements Assessment | $988,030 |
| Land Assessment | $768,520 | Total Assessment | $1,756,550 |
PROPERTY TAXES
Parcel Number
R18127
Land Assessment
$768,520
Improvements Assessment
$988,030
Total Assessment
$1,756,550
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