1322 W Hwy 290, Dripping Springs, TX 78620 – Commercial Improved Land

CommercialYear Built 2006Total Assessed Value $1,108,706County Hays

Property Details

The Commercial property 1322 W Hwy 290, 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 $1,108,706.

The gross building area is 4,429 square feet and the land area is 27,222 square feet for this Commercial Improved Land built in 2006.

Legal description: R J Ragland, Lot 9

$1,108,706

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 Area4,429

Land Size27,222

Land Value$556,420

Improved Value$552,286

Total Assessed Value$1,108,706

Year Built2006

County NameHays

Account NumberR38541

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

Roof CoverComposition shingle

Roof TypeGable

Type ConstructionOther

Garage TypeAttached garage 576

Exterior WallsRock, stone

Sales History

10/4/2022

Arms-length$1,771,350

Buyer

Babu Babu Padmanabhan Family Trust

Seller

Moonworthy Llc

Book Number

202222047564

Recording Date

10/4/2022

Transaction Details

Babu Babu Padmanabhan Family Trust acquired the property from Moonworthy Llc through a Arms-length transaction on 10/4/2022 for $1,771,350.

Property constructed in 2006

YSale Price (USD) byXSales Year

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Mortgage History

11/5/2021

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

Borrower

Moonworthy Llc

Lender

Texas Regional Bank

Book Number

2021.61827

Recording Date

11/5/2021

Transaction Details

Moonworthy Llc borrowed the property from Texas Regional Bank through a Arms length residential transactions purchase or resales transaction on 11/5/2021 for $1,000,000.

9/19/2012

Helocs both purchase money and non purchase money helocs$520,000

Borrower

Hancock Hanks Investments Ltd

Lender

First State Bank Central Texas

Book Number

2012.12027251

Recording Date

9/19/2012

Transaction Details

Hancock Hanks Investments Ltd borrowed the property from First State Bank Central Texas through a Helocs both purchase money and non purchase money helocs transaction on 9/19/2012 for $520,000.

9/10/2012

Helocs both purchase money and non purchase money helocs$650,000

Borrower

Hancoco Hanks Investments Ltd

Lender

First State Bank Central Texas

Book Number

2012.12025500

Recording Date

9/10/2012

Transaction Details

Hancoco Hanks Investments Ltd borrowed the property from First State Bank Central Texas through a Helocs both purchase money and non purchase money helocs transaction on 9/10/2012 for $650,000.

2/23/2007

Arms length residential transactions purchase or resales$650,000

Borrower

Hancockhanks Investments Ltd

Lender

First State Bank Central Texas

Book Number

2007.70005772

Recording Date

2/23/2007

Transaction Details

Hancockhanks Investments Ltd borrowed the property from First State Bank Central Texas through a Arms length residential transactions purchase or resales transaction on 2/23/2007 for $650,000.

Property constructed in 2006

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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	$556,420	$552,286	$1,108,706	$1,108,706	Babubabupadmanabhan ...	18601 Fm 1431 Ste 10...	R J Ragland, Lot 9	C-Ds-Off	S6660	27,222	4,429
2025	$556,420	$566,514	$1,122,934	$1,122,934	Babubabupadmanabhan ...	Pmb 2007 18601 Fm 14...	R J Ragland, Lot 9	C-DS-OFF	R J Ragland	27,222	4,429
2024	$556,420	$461,964	$1,018,384	$1,018,384	Babubabupadmanabhan ...	Kavitha Rajesh Babu ...	R J Ragland, Lot 9	C-DS-OFF	S6660	27,222	4,429
2023	$451,340	$580,008	$1,031,348	$1,031,348	Babubabupadmanabhan ...	Kavitha Rajesh Babu ...	R J Ragland, Lot 9	C-DS-OFF	S6660	27,222	4,429
2022	$281,750	$320,103	$1,031,348	$601,853	Moonworthy Llc	201 Fantasy Ln, Stev...	R J Ragland, Lot 9	C-DS-OFF	S6660	27,225	4,429
2021	$281,750	$239,917	$521,667	$521,667	Moonworthy Llc	5995 Mount Gainor, W...	R J Ragland, Lot 9	C-DS-OFF	S6660	27,225	4,429
2020	$281,750	$237,421	$519,171	$519,171	Moonworthy Llc	5995 Mount Gainor, W...	R J Ragland, Lot 9	C-DS-OFF	S6660	27,225	4,429
2019	$210,370	$357,890	$568,260	$568,260	Moonworthy Llc	5995 Mount Gainor, W...	R J Ragland, Lot 9	C-DS-290W	S6660	27,225	3,853
2018	$195,350	$314,290	$509,640	$509,640	Moonworthy Llc	5995 Mount Gainor, W...	R J Ragland, Lot 9	C-DS-290W	S6660	27,222	3,853
2017	$80,000	$302,200	$382,200	$382,200	Hancock/hanks Invest...	P O Box 1676, Drippi...	R J Ragland, Lot 9	C-DS-290W	S6660 - R J RAGLAND	27,222	3,853

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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 ↕
—	1322 W Hwy 290, Dripping Springs, TX 78620	—	-	27,222	2006	4,429	$ 1,108,706	$ 556,420	-
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
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

Mean$ 11,787,618

Median$ 1,011,500.0

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

Showing 1 to 10 of 26 entries

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Tenant Details

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License Details

License Number

12601069086

Permit Holders

Issued By

Sales Tax Permit Holders

State Authority

Issue Date

12/4/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	HILL COUNTRY ALLIANCE
	Address Line	po box 151675
	City / State / Zip	austin TX 78715
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	78715
Registration Details	SOS Code

License Timeline

License Issued

12/4/2023

Currently Active

Status: -

Renewal Required

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