511 Mercer, Dripping Springs, TX 78620 – Commercial Improved Land

CommercialYear Built 2013Total Assessed Value $961,220County Hays

Property Details

The Commercial property 511 Mercer, 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 $961,220.

The gross building area is 7,824 square feet and the land area is 36,852 square feet for this Commercial Improved Land built in 2013.

Legal description: A0415 Philip A Smith Survey, Acres 0.846

$961,220

Market Value

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Cap Rate

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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 Area7,824

Land Size36,852

Land Value$472,110

Improved Value$489,110

Total Assessed Value$961,220

Year Built2013

County NameHays

Account NumberR140367

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

Garage TypeNone 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	$472,110	$489,110	$961,220	$961,220	Dripping Springs Cit...	Po Box 384, Dripping...	A0415 Philip A Smith...	C-Ds-290Ot	A0415	36,852	7,824
2025	$419,980	$489,110	$909,090	$909,090	Dripping Springs Cit...	P O Box 384, Drippin...	A0415 Philip A Smith...	C-DS-290OT	A0415	36,852	7,824
2024	$419,980	$489,110	$909,090	$909,090	Dripping Springs Cit...	P O Box 384, Drippin...	A0415 Philip A Smith...	C-DS-290OT	A0415	36,852	7,824
2023	$419,980	$489,110	$909,090	$909,090	Dripping Springs Cit...	P O Box 384, Drippin...	A0415 Philip A Smith...	C-DS-290OT	A0415	36,852	7,824
2022	$355,570	$489,110	$844,680	$844,680	Dripping Springs Cit...	P O Box 384, Drippin...	A0415 Philip A Smith...	C-DS-290OT	A0415	36,852	7,824
2021	$355,570	$489,110	$844,680	$844,680	Dripping Springs Cit...	P O Box 384, Drippin...	A0415 Philip A Smith...	C-DS-290OT	A0415	36,852	7,824
2020	$355,570	$489,110	$844,680	$844,680	Dripping Springs Cit...	P O Box 384, Drippin...	A0415 Philip A Smith...	C-DS-290OT	A0415	36,852	7,824
2019	$222,490	$489,110	$711,600	$711,600	Dripping Springs Cit...	P O Box 384, Drippin...	A0415 Philip A Smith...	C-DS-290OT	A0415	36,852	7,824
2018	$193,470	$391,060	$584,530	$584,530	Dripping Springs Cit...	P O Box 384, Drippin...	A0415 Philip A Smith...	C-DS-290OT	A0415	36,852	7,824
2017	$193,470	$391,060	$584,530	$584,530	Dripping Springs Cit...	P O Box 384, Drippin...	A0415 Philip A Smith...	C-DS-290OT	PHILIP A SMITH SURVE...	36,852	7,824

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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 ↕
—	511 Mercer, Dripping Springs, TX 78620	—	-	36,852	2013	7,824	$ 961,220	$ 472,110	-
Cadence Bank Na	15046 Hwy105 E, Plantersville, TX 77363	07/31/2025	$ 4,490,000	71,438	1993	7,360	$ 741,477	$ 250,030	Zrprasla Inc
First Financial Bank	3249 Kingston Drive, Huntsville, TX 77340	07/18/2025	$ 235,000	58,850	1978	3,540	$ 68,870	$ 34,350	East Texas Land & Cattle Llc
Citizens State Bank	19422 Hwy30, Shiro, TX 77876	06/10/2025	$ 186,000	37,500	1995	1,043	$ 86,088	$ 103,130	Westcourt3090 Llc
First Financial Bank	611 Highway 75 Unit N, Willis, TX 77378	06/04/2025	$ 50,000	52,621	1980	5,963	$ 539,002	$ 263,105	Jaimes Truck Tire Service Llc
Peoples State Bank	Hwy 150, Coldspring, TX 77331	05/28/2025	$ 127,500	97,357	0	-	$ 82,750	$ 82,750
First Financial Bank	12326 Fm 2854 Rd, Conroe, TX 77304	05/13/2025	$ 881,461	71,200	2021	5,700	$ 575,000	$ 142,400	Nds Holdings Llc
First Financial Bank	913 Sh 150, New Waverly, TX 77358	05/09/2025	$ 500,000	768,573	2023	3,200	$ 582,130	$ 546,510	Haven Place Holdings Llc
Bank Of Little Rock	7197 Fm1486, Anderson, TX 77830	04/25/2025	$ 807,500	86,815	0	-	$ 98,740	$ 98,740	Syfh Inc
Capital Bank	519 1/2 Acker St, Magnolia, TX 77354	04/15/2025	$ 310,556	0	1980	900	$ 53,030	-
Truist Bank	North Fwy, Spring, TX 77388	04/14/2025	$ 3,100,000	23,958	0	-	$ 417,320	$ 359,370	De Bastos Investments Inc

Mean$ 1,453,817

Median$ 651,250.0

Loan Amount Range$ 25,000 - $ 5,800,000

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Tenant Details

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License Details

License Number

17423400369

Permit Holders

Issued By

Sales Tax Permit Holders

State Authority

Issue Date

12/10/2020

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	CITY OF DRIPPING SPRINGS
	Address Line	po box 384
	City / State / Zip	dripping spgs TX 78620
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48209
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	78620
Registration Details	SOS Code

License Timeline

License Issued

12/10/2020

Currently Active

Status: -

Renewal Required

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