1282 S Rob Shelton Blvd, Dripping Springs, TX 78620 – Commercial Improved Land

CommercialYear Built 2024Total Assessed Value $11,332,891County Hays

Property Details

The Commercial property 1282 S Rob Shelton Blvd, 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 $11,332,891.

The gross building area is 78,564 square feet and the land area is 146,797 square feet for this Commercial Improved Land built in 2024.

Legal description: Crtx Addition, Block A, Lot 1, Acres 3.37

$11,332,891

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 Area78,564

Land Size146,797

Land Value$1,197,860

Improved Value$10,135,031

Total Assessed Value$11,332,891

Year Built2024

County NameHays

Account NumberR190278

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Sales History

5/16/2025

Arms-length$52,289,754

Buyer

Locals At Ds Lp

Seller

Local At Ds Lp

Book Number

2025.17722

Recording Date

5/16/2025

Transaction Details

Locals At Ds Lp acquired the property from Local At Ds Lp through a Arms-length transaction on 5/16/2025 for $52,289,754.

5/16/2025

Arms-lengthNot Disclosed

Buyer

Edcouch Community Housing Finance Corporation

Seller

Local At Ds Leasehold Lp

Book Number

2025.17723

Recording Date

5/16/2025

Transaction Details

Edcouch Community Housing Finance Corporation acquired the property from Local At Ds Leasehold Lp through a Arms-length transaction on 5/16/2025 for .

Property constructed in 2024

YSale Price (USD) byXSales Year

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Mortgage History

5/16/2025

New construction residential transactions$39,315,605

Borrower

Local At Ds Leasehold Lp

Lender

First Convenience Bank

Book Number

Recording Date

5/16/2025

Transaction Details

Local At Ds Leasehold Lp borrowed the property from First Convenience Bank through a New construction residential transactions transaction on 5/16/2025 for $39,315,605.

Property constructed in 2024

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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	$1,197,860	$10,135,031	$11,332,891	$11,332,891	Edcouch Community Ho...	211 Southern Ave, Ed...	Crtx Addition, Block...	C-Ds-Mf	S2223	146,797	78,564
2025	$760,410	$4,275,680	$929,062	$5,036,090	Locals At Ds Lp	6034 W Courtyard Dr ...	Crtx Addition, Block...	C-DS-MF	S2223	146,797	23,532
2024	$760,410	-	$760,410	$760,410	Locals At Ds Lp	Attn Wilson Capital ...	Crtx Addition, Block...	C-DS-MHP	S2223	146,797	-
2023	$760,410	-	$760,410	$760,410	Locals At Ds Lp	Attn: Wilson Capital...	Crtx Addition, Block...	C-DS-MHP	S2223	146,797	-

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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 ↕
—	1282 S Rob Shelton Blvd, Dripping Springs, TX 78620	—	-	146,797	2024	78,564	$ 11,332,891	$ 1,197,860	-
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
First Convenience Bank	1282 S Rob Shelton Blvd, Dripping Springs, TX 78620	05/16/2025	$ 39,315,605	146,797	2024	23,532	$ 929,062	$ 760,410	Local At Ds Leasehold Lp
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

Mean$ 13,260,852

Median$ 1,078,250.0

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

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License Details

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