400 Mercer St, Dripping Springs, TX 78620 – Commercial Improved Land

CommercialYear Built N/ATotal Assessed Value $81,492County Hays

Property Details

The Commercial property 400 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 $81,492.

The gross building area is 2,066 square feet and the land area is 6,839 square feet for this Commercial Improved Land built in N/A.

Legal description: Abs 415 P A Smith Survey 0.157 Ac Geo#90407882

$83,500

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 Area2,066

Land Size6,839

Land Value$70,090

Improved Value$13,410

Total Assessed Value$81,492

Year BuiltN/A

County NameHays

Account NumberR18130

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Parking Space5

HeatingNone

Type ConstructionOther

Garage TypeCarport 0

Sales History

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Mortgage History

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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	$70,090	$13,410	$81,492	$83,500	Garnett, Terry W	Po Box 370, Dripping...	Abs 415 P A Smith Su...	C-Ds-Mercr	A0415	6,839	2,066
2025	$54,500	$13,410	$67,910	$67,910	Garnett, Terry W	Po Box 370, Dripping...	Abs 415 P A Smith Su...	C-DS-MERCR	A0415	6,839	2,066
2024	$54,500	$13,410	$67,910	$67,910	Garnett, Terry W	Po Box 370, Dripping...	Abs 415 P A Smith Su...	C-DS-MERCR	A0415	6,839	2,066
2023	$54,500	$13,410	$67,910	$67,910	Garnett, Terry W	Po Box 370, Dripping...	Abs 415 P A Smith Su...	C-DS-MERCR	A0415	6,839	-
2022	$46,210	$13,410	$59,620	$59,620	Garnett, Terry W	Po Box 370, Dripping...	Abs 415 P A Smith Su...	C-DS-MERCR	A0415	6,839	-
2021	$46,210	$13,410	$59,620	$59,620	Garnett, Terry W	Po Box 370, Dripping...	Abs 415 P A Smith Su...	C-DS-MERCR	A0415	6,839	-
2020	$46,210	$13,410	$59,620	$59,620	Garnett, Terry W	Po Box 370, Dripping...	Abs 415 P A Smith Su...	C-DS-MERCR	A0415	6,839	-
2019	$26,380	$13,410	$39,790	$39,790	Garnett, Terry W	Po Box 370, Dripping...	Abs 415 P A Smith Su...	C-DS-MERCR	A0415	6,839	-
2018	$22,940	$12,420	$35,360	$35,360	Garnett, Terry W	Po Box 370, Dripping...	Abs 415 P A Smith Su...	C-DS-MERCR	A0415	6,839	-
2017	$22,940	$12,420	$35,360	$35,360	Garnett, Terry W	Po Box 370, Dripping...	Abs 415 P A Smith Su...	C-DS-MERCR	PHILIP A SMITH SURVE...	6,839	-

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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 ↕
—	400 Mercer St, Dripping Springs, TX 78620	—	-	6,839	N/A	2,066	$ 81,492	$ 70,090	-
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$ 11,766,252

Median$ 1,005,750.0

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

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License Details

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