3401 Creek Rd, Dripping Springs, TX 78620 – Commercial Improved Land

CommercialYear Built 2025Total Assessed Value $5,295,600County Hays

Property Details

The Commercial property 3401 Creek Rd, 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 $5,295,600.

The gross building area is 28,260 square feet and the land area is 4,109,015 square feet for this Commercial Improved Land built in 2025.

Legal description: Abs 233,222,280 & 679 Aj Halford, Bf Hanna, Lw Kingsley & Jm Wallace Surveys 94.330 Ac (9.23 Ac @ Mkt)

$8,057,400

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 Area28,260

Land Size4,109,015

Land Value$3,077,120

Improved Value$4,980,280

Total Assessed Value$5,295,600

Year Built2025

County NameHays

Account NumberR97748

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Parking Space3

HeatingNone

Type ConstructionOther

Garage TypeDetached garage 0

Sales History

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Mortgage History

4/28/2025

Arms length residential transactions purchase or resales$1,000,000

Borrower

Whim Hospitality Llc

Lender

First United Bank & Trust Co

Book Number

2025.16535

Recording Date

4/28/2025

Transaction Details

Whim Hospitality Llc borrowed the property from First United Bank & Trust Co through a Arms length residential transactions purchase or resales transaction on 4/28/2025 for $1,000,000.

4/15/2024

Non arms length transactions with valid title company name no accomodations$1,000,000

Borrower

Whim Hospitality Llc

Lender

First United Bank & Trust Co

Book Number

2024.18309

Recording Date

4/15/2024

Transaction Details

Whim Hospitality Llc borrowed the property from First United Bank & Trust Co through a Non arms length transactions with valid title company name no accomodations transaction on 4/15/2024 for $1,000,000.

5/23/2016

Sale$3,600,000

Borrower

Hancock Hanks Investments Ltd

Lender

First State Bank Central Texas

Book Number

2016.16016428

Recording Date

5/23/2016

Transaction Details

Hancock Hanks Investments Ltd borrowed the property from First State Bank Central Texas through a transaction on 5/23/2016 for $3,600,000.

12/9/2011

Sale$4,250,000

Borrower

Hancockhanks Investments Ltd

Lender

First State Bank Central Texas

Book Number

2011.11029464

Recording Date

12/9/2011

Transaction Details

Hancockhanks Investments Ltd borrowed the property from First State Bank Central Texas through a transaction on 12/9/2011 for $4,250,000.

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	$3,077,120	$4,980,280	$5,295,600	$8,057,400	Hancockhanks Investm...	P O Box 1676, Drippi...	Abs 233,222,280 & 67...	4Abs	A0233	4,109,015	28,260
2025	$2,763,480	$1,963,940	$2,248,260	$4,727,420	Hancockhanks Investm...	P O Box 1676, Drippi...	Abs 233,222,280 & 67...	4ABS	A0233	4,109,015	9,077
2024	$3,335,010	$1,186,340	$1,376,440	$4,521,350	Hancockhanks Investm...	P O Box 1676, Drippi...	Abs 233,222,280 & 67...	4ABS	A0233	4,109,015	9,077
2023	$3,335,010	$1,186,340	$1,376,160	$4,521,350	Hancockhanks Investm...	P O Box 1676, Drippi...	Abs 233,222,280 & 67...	4ABS	A0233	4,109,015	9,077
2022	$2,826,280	$1,186,340	$1,348,060	$4,012,620	Hancock/hanks Invest...	P O Box 1676, Drippi...	Abs 233,222,280 & 67...	4ABS	A0233	4,109,015	9,077
2021	$1,570,170	$1,186,340	$1,281,280	$2,756,510	Hancock/hanks Invest...	P O Box 1676, Drippi...	Abs 233,222,280 & 67...	4ABS	A0233	4,109,015	9,077
2020	$1,334,630	$1,154,340	$1,236,220	$2,488,970	Hancock/hanks Invest...	P O Box 1676, Drippi...	Abs 233,222,280 & 67...	4ABS	A0233	4,109,015	9,077
2019	$1,099,120	$820,010	$888,280	$1,919,130	Hancock/hanks Invest...	P O Box 1676, Drippi...	Abs 233,222,280 & 67...	4ABS	A0233	4,109,015	9,077
2018	$930,370	$836,750	$895,120	$1,767,120	Hancock/hanks Invest...	P O Box 1676, Drippi...	Abs 233,222,280 & 67...	4ABS	A0233	4,109,015	9,077
2017	$929,550	$836,750	$894,370	$1,766,300	Hancock/hanks Invest...	P O Box 1676, Drippi...	Abs 233,222,280 & 67...	4ABS	A J HALFORD SURVEY	4,109,015	9,077

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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 ↕
—	3401 Creek Rd, Dripping Springs, TX 78620	—	-	4,109,015	2025	28,260	$ 5,295,600	$ 3,077,120	-
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
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

Mean$ 11,787,175

Median$ 1,005,750.0

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

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License Details

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