301 W Mercer St, Dripping Springs, TX 78620 – Commercial Improved Land

CommercialYear Built 1891Total Assessed Value $779,590County Hays

Property Details

The Commercial property 301 W Mercer St, 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 $779,590.

The gross building area is 6,084 square feet and the land area is 20,000 square feet for this Commercial Improved Land built in 1891.

Legal description: Orig Town Of Dripping Springs Lots 5-6-7-8 Blk 7 9-2210-08-04 Geo#90403259

$779,590

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 Area6,084

Land Size20,000

Land Value$301,300

Improved Value$478,290

Total Assessed Value$779,590

Year Built1891

County NameHays

Account NumberR26703

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

No of Stories1

Garage TypeNone 0

Sales History

6/12/2025

Arms-length$2,344,125

Buyer

Chelslane Llc

Seller

Aspen Leaf Properties Llc

Book Number

2025.22644

Recording Date

6/12/2025

Transaction Details

Chelslane Llc acquired the property from Aspen Leaf Properties Llc through a Arms-length transaction on 6/12/2025 for $2,344,125.

6/12/2025

OtherNot Disclosed

Buyer

Chelslane Llc

Seller

Aspen Leaf Properties Llc

Book Number

Recording Date

6/12/2025

Transaction Details

Chelslane Llc acquired the property from Aspen Leaf Properties Llc through a Other transaction on 6/12/2025 for .

8/6/2021

Arms-length$872,480

Buyer

Aspen Leaf Properties Llc

Seller

Purcell Todd J

Book Number

202121043085

Recording Date

8/6/2021

Transaction Details

Aspen Leaf Properties Llc acquired the property from Purcell Todd J through a Arms-length transaction on 8/6/2021 for $872,480.

Property constructed in 1891

YSale Price (USD) byXSales Year

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Mortgage History

8/9/2021

Sale$656,000

Borrower

Aspen Leaf Properties Llc

Lender

Book Number

202121043086

Recording Date

8/9/2021

Transaction Details

Aspen Leaf Properties Llc borrowed the property from through a transaction on 8/9/2021 for $656,000.

5/24/2017

Arms length residential transactions purchase or resales$560,000

Borrower

Purcell Todd J

Lender

Pioneer Bank

Book Number

2017.17813

Recording Date

5/24/2017

Transaction Details

Purcell Todd J borrowed the property from Pioneer Bank through a Arms length residential transactions purchase or resales transaction on 5/24/2017 for $560,000.

Property constructed in 1891

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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	$301,300	$478,290	$779,590	$779,590	Chelslane Llc	294 Redemption Ave, ...	Orig Town Of Drippin...	C-Ds-Mercr	S2625	20,000	6,084
2025	$267,720	$172,930	$440,650	$440,650	Aspen Leaf Propertie...	5900 Balcones Dr Ste...	Orig Town Of Drippin...	C-DS-MERCR	Original Town Of Dri...	20,000	6,084
2024	$267,720	$217,280	$485,000	$485,000	Aspen Leaf Propertie...	5900 Balcones Dr Ste...	Orig Town Of Drippin...	C-DS-MERCR	S2625	20,000	6,084
2023	$267,720	$217,610	$485,330	$485,330	Aspen Leaf Propertie...	Po Box 365, Dripping...	Orig Town Of Drippin...	C-DS-MERCR	S2625	20,000	6,084
2022	$226,780	$232,620	$459,400	$459,400	Aspen Leaf Propertie...	Po Box 365, Dripping...	Orig Town Of Drippin...	C-DS-MERCR	S2625	19,994	6,084
2021	$226,780	$232,620	$459,400	$459,400	Purcell Todd J & Con...	P O Box 508, Drippin...	Orig Town Of Drippin...	C-DS-MERCR	S2625	19,994	6,084
2020	$226,780	$143,540	$370,320	$370,320	Purcell Todd J & Con...	Dba Purcell Electric...	Orig Town Of Drippin...	C-DS-MERCR	S2625	19,994	6,084
2019	$113,390	$182,360	$295,750	$295,750	Purcell Todd J & Con...	Dba Purcell Electric...	Orig Town Of Drippin...	C-DS-MERCR	S2625	19,994	6,084
2018	$98,600	$168,890	$267,490	$267,490	Purcell Todd J & Con...	Dba Purcell Electric...	Orig Town Of Drippin...	C-DS-MERCR	S2625	20,000	6,084
2017	$98,600	$168,890	$267,490	$267,490	Purcell Todd J & Con...	Dba Purcell Electric...	Orig Town Of Drippin...	C-DS-MERCR	ORIGINAL TOWN OF DRI...	20,000	6,084

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Rent & Occupancy

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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 ↕
—	301 W Mercer St, Dripping Springs, TX 78620	—	-	20,000	1891	6,084	$ 779,590	$ 301,300	-
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$ 11,806,406

Median$ 1,078,250.0

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

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
301 W MERCER ST STE B, DRIPPING SPRINGS, TX 78620-5321	TEXAS IRON INTERIORS	5123949222	ORNAMENTAL METAL WORK (MFRS)
301 W MERCER ST, DRIPPING SPRINGS, TX 78620-4698	LONE STAR GIFTS	5128589912	GIFT SHOPS
301 W MERCER ST STE B, DRIPPING SPRINGS, TX 78620-5321	MAZAMA COFFEE CO	5122006472	SNACK & NONALCOHOLIC BEVERAGE BARS
301 W MERCER ST STE B, DRIPPING SPRINGS, TX 78620-5321	MAZAMA COFFEE CO	5122006472	BAKERS-RETAIL

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Tenant Industry Distribution

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License Details

License Number

32084996274

Permit Holders

Issued By

Sales Tax Permit Holders

State Authority

Issue Date

9/1/2022

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	MAJUNO INVESTMENTS LLC
	Address Line	284 limestone trl
	City / State / Zip	austin TX 78737
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	78737
Registration Details	SOS Code

License Timeline

License Issued

9/1/2022

Currently Active

Status: -

Renewal Required

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