27495 Rr 12, Dripping Springs, TX 78620 – Commercial Improved Land

CommercialYear Built 2008Total Assessed Value $2,287,790County Hays

Property Details

The Commercial property 27495 Rr 12, Dripping Springs, TX 78620 is located in Hays County. The specific property type is Commercial Improved Land. The total assessed value of this property is $2,287,790.

The gross building area is 13,565 square feet and the land area is 60,695 square feet for this Commercial Improved Land built in 2008.

Legal description: Original Town Of Dripping Springs, Block 3, Lot 1 - 12, Acres 1.3934, & Pt Of Spring St

$2,487,330

Market Value

N/A

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

1 / 4

Property Information

Property TypeCommercial

Sub Property TypeCommercial Improved Land

Building Area13,565

Land Size60,695

Land Value$686,130

Improved Value$1,801,200

Total Assessed Value$2,287,790

Year Built2008

County NameHays

Account NumberR26686

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

Roof CoverWood shake or shingles

Roof TypeFlat

Type ConstructionOther

No of Stories1

Garage TypeNone 0

Exterior WallsBrick

Sales History

4/23/2025

Other$430,935

Buyer

Madana Llc

Seller

Continental Homes Of Texas Lp

Book Number

2025.14596

Recording Date

4/23/2025

Transaction Details

Madana Llc acquired the property from Continental Homes Of Texas Lp through a Other transaction on 4/23/2025 for $430,935.

6/25/2015

Arms-length$5,471,300

Buyer

Lamar Square Inc

Seller

A C Acquisition Llc

Book Number

2015.15019923

Recording Date

6/25/2015

Transaction Details

Lamar Square Inc acquired the property from A C Acquisition Llc through a Arms-length transaction on 6/25/2015 for $5,471,300.

2/2/2010

Arms-lengthNot Disclosed

Buyer

Lamar Square Inc

Seller

Scc Dripping Springs Partners Llc

Book Number

2010.2485

Recording Date

2/2/2010

Transaction Details

Lamar Square Inc acquired the property from Scc Dripping Springs Partners Llc through a Arms-length transaction on 2/2/2010 for .

2/2/2010

Arms-length$5,219,800

Buyer

Madana Llc

Seller

Scc Dripping Springs Partners Llc

Book Number

10002485

Recording Date

2/2/2010

Transaction Details

Madana Llc acquired the property from Scc Dripping Springs Partners Llc through a Arms-length transaction on 2/2/2010 for $5,219,800.

2/2/2010

Arms-length$5,219,800

Buyer

Ac Acquisition Llc

Seller

Scc Dripping Springs Partners Llc

Book Number

2010-10002485

Recording Date

2/2/2010

Transaction Details

Ac Acquisition Llc acquired the property from Scc Dripping Springs Partners Llc through a Arms-length transaction on 2/2/2010 for $5,219,800.

12/31/2006

Arms-lengthNot Disclosed

Buyer

Harrell Patsy Jane Washburn

Seller

Book Number

2007.70010337

Recording Date

12/31/2006

Transaction Details

Harrell Patsy Jane Washburn acquired the property from through a Arms-length transaction on 12/31/2006 for .

Property constructed in 2008

YSale Price (USD) byXSales Year

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Mortgage History

6/25/2015

Helocs both purchase money and non purchase money helocs$4,377,000

Borrower

Lamar Square Inc

Lender

Zions First National Bank

Book Number

2015.15019924

Recording Date

6/25/2015

Transaction Details

Lamar Square Inc borrowed the property from Zions First National Bank through a Helocs both purchase money and non purchase money helocs transaction on 6/25/2015 for $4,377,000.

Property constructed in 2008

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$686,130	$1,801,200	$2,287,790	$2,487,330	Madana Llc	1901 E Voorhees St ...	Original Town Of Dri...	C-Ds-290Ot	S2625	60,695	13,565
2025	$762,210	$1,144,282	$1,906,492	$1,906,492	Madana Llc	1901 E Voorhees St S...	Original Town Of Dri...	C-DS-290OT	S2625	60,695	13,565
2024	$762,210	$1,144,282	$1,906,492	$1,906,492	Madana Llc	Walgreens Co Attn Le...	Original Town Of Dri...	C-DS-290OT	S2625	60,695	13,565
2023	$762,210	$1,283,220	$2,045,430	$2,045,430	Madana Llc	653 Carla Way, La Jo...	Original Town Of Dri...	C-DS-290OT	3	60,695	13,565
2022	$645,640	$1,089,427	$1,735,067	$1,735,067	Madana Llc	653 Carla Way, La Jo...	Original Town Of Dri...	C-DS-290OT	S2625	60,723	13,565
2021	$645,640	$960,914	$1,606,554	$1,606,554	Lamar Square Inc	4325 Lago Viento, Au...	ORIGINAL TOWN OF DRI...	29	ORIGINAL TOWN OF DRI...	60,723	3,565
2020	$645,640	$914,122	$1,559,762	$1,559,762	Lamar Square Inc	4325 Lago Viento, Au...	Original Town Of Dri...	C-DS-290OT	S2625	60,723	13,565
2019	$561,420	$998,342	$1,559,762	$1,559,762	Lamar Square Inc	4325 Lago Viento, Au...	Original Town Of Dri...	C-DS-290OT	S2625	60,723	13,565
2018	$561,420	$948,090	$1,509,510	$1,509,510	Lamar Square Inc	4325 Lago Viento, Au...	Original Town Of Dri...	C-DS-290OT	S2625	60,695	13,565
2017	$561,420	$948,090	$1,509,510	$1,509,510	Lamar Square Inc	4325 Lago Viento, Au...	Original Town Of Dri...	C-DS-290OT	3	60,695	13,565

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Comparables

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	27495 Rr 12, Dripping Springs, TX 78620	—	-	60,695	2008	13,565	$ 2,287,790	$ 686,130	-
Rio Bank	15210 Fitzhugh Rd Unit17, Austin, TX 78736	09/24/2025	$ 1,150,000	425,146	2021	5,072	$ 1,199,089	$ 141,000	-
Cap Certified Dev Corporation	404 Headwaters Blvd Ste200, Dripping Springs, TX 78620	09/05/2025	$ 2,484,000	92,826	2024	13,600	$ 3,008,036	$ 278,960	R & S Prep School Holding Thre
Firstlockhart National Bank	26450 S Ranch Rd 12, Dripping Springs, TX 78620	08/25/2025	$ 850,000	87,120	2001	2,836	$ 1,478,580	$ 814,570	Wysa Llc
First United Bank & Trust Co	1160 E Us Hwy 290, Dripping Springs, TX 78620	08/01/2025	$ 1,275,000	39,988	2003	2,976	$ 828,820	$ 366,230	New Freedom Holdings Llc
Anthem Bank & Trust	15210 Fitzhugh Rd Unit7, Austin, TX 78736	07/25/2025	$ 690,000	425,146	2021	4,800	$ 1,500,000	$ 141,000	Warehouse007 Llc
First State Bank Of Uvalde	Beverly Dr, Dripping Springs, TX 78620	05/29/2025	$ 4,678,805	53,535	0	-	$ 464,280	$ 464,280	Oakwood Land Holdings Llc
Texas Regional Bank	W Us 290, Dripping Springs, TX 78620	05/23/2025	$ 1,011,500	45,738	1982	4,072	$ 900,363	$ 800,000	Arlin Park Llc
Cap Certified Dev Corporation	14721 Fitzhugh Rd, Austin, TX 78737	05/02/2025	$ 1,145,000	88,514	2022	13,508	$ 2,173,890	$ 1,103,770	Vv Property Group Llc
First United Bank & Trust Co	3401 Creek Rd, Dripping Springs, TX 78620	04/28/2025	$ 1,000,000	4,109,015	2013	9,077	$ 2,304,180	$ 3,335,010	Whim Hospitality Llc
Lone Star Capital Bank Na	13575 Fitzhugh Rd Ste300, Austin, TX 78736	03/31/2025	$ 50,000	87,120	2021	16,880	$ 1,460,352	$ 1,089,870	Dag Acres Llc

Mean$ 11,768,630

Median$ 1,005,750.0

Loan Amount Range$ 50,000 - $ 199,500,000

Showing 1 to 10 of 26 entries

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Tenant Details

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License Details

License Number

13619240255

Retailers

Issued By

CIG/TOB RETAILER

State Authority

Issue Date

4/28/2009

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	WALGREEN CO.
	Address Line
	City / State / Zip
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48209
Government Codes	Census Tract	-
Postal Information	ZIP Status Code
Registration Details	SOS Code

License Timeline

License Issued

4/28/2009

Currently Active

Status: -

Renewal Required

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