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15431 Fitzhugh Rd
Dripping Springs, TX 78620
Pre-Leased Investment Units in Dripping · Flex Property For Sale · 6,633 SF Total

Investment Highlights

  • Dripping Springs Personal Warehouse® offers an array of features like mezzanines, balconies, controlled OH doors, full finish-outs, and much more.
  • WORK - Maximize productivity in a modern, customizable creative space for today's dynamic businesses, ideal for office, warehousing and more.
  • Quick access to US-290 and Highway 71, within minutes to Bee Cave & Dripping Springs, 26 minutes to Interstate 35, and 30 minutes to Downtown Austin.
  • PLAY - The ultimate man cave or sports den awaits. Ideal for all types of enthusiasts to indulge in their passions.

Executive Summary

Personal Warehouse® is offering a diversified portfolio of pre-leased, income-producing commercial condominium units located in high-demand business markets. These investments provide immediate cash flow, with capitalization rates generally ranging from 8% to 10%, and are occupied by established small-business tenants, many supported by personal guarantees.
Personal Warehouse® units are designed as flexible, high-quality commercial spaces for entrepreneurs, contractors, creative professionals, fabricators, distributors, and other business users. Typical units feature climate-controlled interiors, private restrooms, finished flooring, insulated roofs and walls, and durable masonry construction. Many units also include mezzanines that can add significant usable space and increase rental income potential. Select units may offer additional features such as yard space, balconies, or kitchenettes.
Investment offerings include a variety of unit sizes, purchase prices, lease terms, and tenant profiles, allowing buyers to select opportunities that align with their individual investment objectives. Lease structures commonly include:
Triple-net lease terms, with tenants responsible for applicable operating expenses
Professional property and association management
Lease terms that provide both income stability and the opportunity to adjust rental rates as leases renew
Pre-leased occupancy, reducing the time and expense associated with securing a tenant
These opportunities may be well suited for individual investors, portfolio buyers, and purchasers completing a 1031 exchange. Units may be purchased individually or as part of a multi-unit portfolio, subject to availability.
Contact the listing team for current availability, pricing, lease details, tenant information, operating expenses, and financial performance. All financial information, projected returns, and capitalization rates are subject to verification and may vary by unit and location.

Property Facts

Price / SF $419.69 / SF
Sale Conditions
1031 Exchange
  • Ground Lease (Leasehold)
  • Bulk/Portfolio Sale
Cap Rate 8.32%
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 4
Total Building Size 6,633 SF

Properties

Property Name / Address Property Type Size Year Built Individual Price
Building 300
15431 Fitzhugh Rd, 1st Floor - Unit 304/309, Dripping Springs, TX 78620
Flex Condo 2,300 SF 2025 $357,332 - $802,364
100
15431 Fitzhugh Rd, 1st Floor - Unit 107, Dripping Springs, TX 78620
Flex Condo 1,600 SF 2025 $448,165 - $637,337
Personal Warehouse - Dripping Springs 200
15431 Fitzhugh Rd, 1st Floor - Unit 207, Dripping Springs, TX 78620
Flex Condo 1,483 SF 2025 $404,948 - $485,844
100
15431 Fitzhugh Rd, 1st Floor - Unit 108, Dripping Springs, TX 78620
Flex Condo 1,250 SF 2025 $448,165 - $637,337
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  • Listing ID: 41597786

  • Date on Market: 8/7/2026

  • Last Updated:

  • Address:

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