28485 Rr 12, Dripping Springs, TX 78620 – Commercial Improved Land

CommercialYear Built 2025Total Assessed Value $463,980County Hays

Property Details

The Commercial property 28485 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 $463,980.

The gross building area is 2,548 square feet and the land area is 14,484 square feet for this Commercial Improved Land built in 2025.

Legal description: A0415 Philip A Smith Survey, Acres 0.3325

$463,980

Market Value

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NOI

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Occupancy

Avg Rent

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Property Information

Property TypeCommercial

Sub Property TypeCommercial Improved Land

Building Area2,548

Land Size14,484

Land Value$275,870

Improved Value$188,110

Total Assessed Value$463,980

Year Built2025

County NameHays

Account NumberR17939

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

Sales History

6/17/2024

Arms-lengthNot Disclosed

Buyer

Lazare Properties Llc

Seller

Sutton Homes Llc

Book Number

2024.26300

Recording Date

6/17/2024

Transaction Details

Lazare Properties Llc acquired the property from Sutton Homes Llc through a Arms-length transaction on 6/17/2024 for .

1/27/2022

Arms-length$283,500

Buyer

Sutton Homes Llc

Seller

Dilllinger Hudson James

Book Number

2022.4829

Recording Date

1/27/2022

Transaction Details

Sutton Homes Llc acquired the property from Dilllinger Hudson James through a Arms-length transaction on 1/27/2022 for $283,500.

12/27/2021

Other$283,500

Buyer

Seller

Book Number

Recording Date

12/27/2021

Transaction Details

acquired the property from through a Other transaction on 12/27/2021 for $283,500.

Property constructed in 2025

YSale Price (USD) byXSales Year

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Mortgage History

1/27/2022

New construction residential transactions$217,500

Borrower

Sutton Homes Llc

Lender

First United Bank And Trust Co

Book Number

2022.4830

Recording Date

1/27/2022

Transaction Details

Sutton Homes Llc borrowed the property from First United Bank And Trust Co through a New construction residential transactions transaction on 1/27/2022 for $217,500.

Property constructed in 2025

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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	$275,870	$188,110	$463,980	$463,980	Lazare Properties Ll...	125 Stoney Point Rd,...	A0415 Philip A Smith...	C-Ds-Rr12N	A0415	14,484	2,548
2025	$275,870	-	$275,870	$275,870	Lazare Properties Ll...	125 Stoney Point Rd,...	A0415 Philip A Smith...	C-DS-RR12N	A0415	14,484	2,348
2024	$275,870	-	$275,870	$275,870	Sutton Homes Llc	4909 Bell Springs Rd...	A0415 Philip A Smith...	C-DS-RR12N	A0415	14,484	2,348
2023	$275,870	-	$275,870	$275,870	Sutton Homes Llc	101 S San Marcos, Dr...	A0415 Philip A Smith...	C-DS-RR12N	A0415	14,484	2,348
2022	$165,990	$77,810	$243,800	$243,800	Sutton Homes Llc	101 S San Marcos, Dr...	A0415 Philip A Smith...	C-DS-RR12N	A0415	14,505	2,348
2021	$163,830	$69,020	$232,850	$232,850	Hudson, James D	11040 Tangleridge Ci...	A0415 Philip A Smith...	C-DS-RR12N	A0415	14,505	2,348
2020	$163,830	$65,250	$229,080	$229,080	Hudson, James D	11040 Tangleridge Ci...	A0415 Philip A Smith...	C-DS-RR12N	A0415	14,505	2,348
2019	$113,980	$58,890	$172,870	$172,870	Hudson, James D	11040 Tangleridge Ci...	A0415 Philip A Smith...	C-DS-RR12N	A0415	14,505	2,348
2018	$92,270	$52,850	$145,120	$145,120	Hudson, James D	11040 Tangleridge Ci...	A0415 Philip A Smith...	C-DS-RR12N	A0415	14,484	2,348
2017	$92,270	$51,370	$143,640	$143,640	Hudson, James D	11040 Tangleridge Ci...	A0415 Philip A Smith...	C-DS-RR12N	PHILIP A SMITH SURVE...	14,484	2,348

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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 ↕
—	28485 Rr 12, Dripping Springs, TX 78620	—	-	14,484	2025	2,548	$ 463,980	$ 275,870	-
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$ 11,763,252

Median$ 1,005,750.0

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

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