1025 Cannon Dr, Dripping Springs, TX 78620 – Commercial Improved Land

CommercialYear Built 2015Total Assessed Value $3,588,339County Hays

Property Details

The Commercial property 1025 Cannon Dr, 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 $3,588,339.

The gross building area is 18,118 square feet and the land area is 54,711 square feet for this Commercial Improved Land built in 2015.

Legal description: Texas Heritage Village Sec Two, Lot 2A, Acres 1.256

$3,588,339

Market Value

N/A

Cap Rate

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NOI

N/A

Occupancy

Avg Rent

1 / 4

Property Information

Property TypeCommercial

Sub Property TypeCommercial Improved Land

Building Area18,118

Land Size54,711

Land Value$625,890

Improved Value$2,962,449

Total Assessed Value$3,588,339

Year Built2015

County NameHays

Account NumberR136945

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

Roof CoverWood shake or shingles

Roof TypeFlat

Type ConstructionOther

Exterior WallsBrick

Sales History

3/19/2014

Arms-lengthNot Disclosed

Buyer

Verdugo South Llc

Seller

Mcalister Robert T

Book Number

2014.14007190

Recording Date

3/19/2014

Transaction Details

Verdugo South Llc acquired the property from Mcalister Robert T through a Arms-length transaction on 3/19/2014 for .

Property constructed in 2015

YSale Price (USD) byXSales Year

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Mortgage History

11/13/2024

Arms length residential transactions purchase or resales$1,400,000

Borrower

Lender

Standard Insurance Company

Book Number

2024.46359

Recording Date

11/13/2024

Transaction Details

borrowed the property from Standard Insurance Company through a Arms length residential transactions purchase or resales transaction on 11/13/2024 for $1,400,000.

12/1/2014

Helocs both purchase money and non purchase money helocs$2,000,000

Borrower

Verdugo South Llc

Lender

Plainscapital Bank

Book Number

2014.14035888

Recording Date

12/1/2014

Transaction Details

Verdugo South Llc borrowed the property from Plainscapital Bank through a Helocs both purchase money and non purchase money helocs transaction on 12/1/2014 for $2,000,000.

Property constructed in 2015

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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	$625,890	$2,962,449	$3,588,339	$3,588,339	Verdugo South Llc	Po Box 50709, Nashvi...	Texas Heritage Villa...	C-Ds-Ret	S8689	54,711	18,118
2025	$625,890	$2,799,110	$3,425,000	$3,425,000	Verdugo South Llc	Po Box 50709, Nashvi...	Texas Heritage Villa...	C-DS-RET	S8689	54,711	18,118
2024	$625,890	$2,895,352	$3,521,242	$3,521,242	Verdugo South Llc	Po Box 50709, Nashvi...	Texas Heritage Villa...	C-DS-RET	S8689	54,711	18,118
2023	$625,890	$2,558,086	$3,183,976	$3,183,976	Verdugo South Llc	Po Box 50709, Nashvi...	Texas Heritage Villa...	C-DS-RET	S8689	54,711	18,118
2022	$530,150	$2,525,428	$3,055,578	$3,055,578	Verdugo South Llc	Po Box 50709, Nashvi...	Texas Heritage Villa...	C-DS-RET	S8689	54,711	18,118
2021	$530,150	$1,788,889	$2,319,039	$2,319,039	Verdugo South Llc	523 Cumberland Rd, G...	Texas Heritage Villa...	C-DS-RET	S8689	54,711	18,118
2020	$530,150	$1,722,310	$2,252,460	$2,252,460	Verdugo South Llc	523 Cumberland Rd, G...	Texas Heritage Villa...	C-DS-RET	S8689	54,711	18,118
2019	$424,010	$1,764,659	$2,188,669	$2,188,669	Verdugo South Llc	523 Cumberland Rd, G...	Texas Heritage Villa...	C-DS-RET	S8689	54,711	18,118
2018	$424,010	$1,573,622	$1,997,632	$1,997,632	Verdugo South Llc	523 Cumberland Rd, G...	Texas Heritage Villa...	C-DS-RET	S8689	54,711	18,118
2017	$424,010	$772,120	$1,196,130	$1,196,130	Verdugo South Llc	523 Cumberland Rd, G...	Texas Heritage Villa...	C-DS-290E	TEXAS HERITAGE VILLA...	54,711	18,118

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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 ↕
—	1025 Cannon Dr, Dripping Springs, TX 78620	—	-	54,711	2015	18,118	$ 3,588,339	$ 625,890	-
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$ 11,802,560

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 ↕
1025 CANNON DR STE 107, DRIPPING SPRINGS, TX 78620-5510	SUPERCUTS	5128295687	BEAUTY SALONS
1025 CANNON DR STE 103, DRIPPING SPRINGS, TX 78620-5510	TCBY	5128942136	ICE CREAM PARLORS
1025 CANNON DR STE 105, DRIPPING SPRINGS, TX 78620-5510	EPICURE	5128587300	RESTAURANTS
1025 CANNON DR, DRIPPING SPRINGS, TX 78620-5509	SCHLOTZSKY'S	5128942043	RESTAURANTS
1025 CANNON DR STE 107, DRIPPING SPRINGS, TX 78620-5510	GREAT CLIPS	5128581301	BEAUTY SALONS
1025 CANNON DR STE 107, DRIPPING SPRINGS, TX 78620-5510	GREAT CLIPS	5128581301	HEALTH SPAS

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License Details

This details prefers to stay low-key.

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