27490 Rr 12, Dripping Springs, TX 78620 – Commercial Improved Land

CommercialYear Built N/ATotal Assessed Value $2,776,331County Hays

Property Details

The Commercial property 27490 Rr 12, 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 $2,776,331.

The gross building area is 10,864 square feet and the land area is 63,162 square feet for this Commercial Improved Land built in N/A.

Legal description: Abs 415 Philip A Smith Survey #26 1.424 Ac Geo#90405562

$2,776,331

Market Value

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Cap Rate

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NOI

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Occupancy

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Property Information

Property TypeCommercial

Sub Property TypeCommercial Improved Land

Building Area10,864

Land Size63,162

Land Value$722,640

Improved Value$2,053,691

Total Assessed Value$2,776,331

Year BuiltN/A

County NameHays

Account NumberR70421

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

Roof CoverWood shake or shingles

Roof TypeFlat

Type ConstructionOther

Garage TypeNone 0

Exterior WallsSiding alum or vinyl

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	$722,640	$2,053,691	$2,776,331	$2,776,331	Dripping Springs Ret...	3834 Spicewood Sprin...	Abs 415 Philip A Smi...	C-Ds-Ret	A0415	63,162	10,864
2025	$722,640	$1,677,360	$2,400,000	$2,400,000	Dripping Springs Ret...	3834 Spicewood Sprin...	Abs 415 Philip A Smi...	C-DS-RET	A0415	63,162	10,864
2024	$722,640	$1,637,360	$2,360,000	$2,360,000	Dripping Springs Ret...	C/o David B Edelman ...	Abs 415 Philip A Smi...	C-DS-RET	A0415	63,162	10,864
2023	$722,640	$1,644,309	$2,366,949	$2,366,949	Dripping Springs Ret...	C/o David B Edelman ...	Abs 415 Philip A Smi...	C-DS-RET	A0415	63,162	10,864
2022	$612,580	$1,765,522	$2,378,102	$2,378,102	Dripping Springs Ret...	C/o David B Edelman,...	Abs 415 Philip A Smi...	C-DS-RET	A0415	63,162	10,864
2021	$612,580	$1,401,276	$2,013,856	$2,013,856	Dripping Springs Ret...	3834 Spicewood Sprin...	Abs 415 Philip A Smi...	C-DS-RET	A0415	63,162	10,864
2020	$612,580	$1,278,239	$1,890,819	$1,890,819	Dripping Springs Ret...	C/o David B Edelman,...	Abs 415 Philip A Smi...	C-DS-RET	A0415	63,162	10,864
2019	$509,500	$806,418	$1,315,918	$1,315,918	Dripping Springs Ret...	C/o David B Edelman,...	Abs 415 Philip A Smi...	C-DS-RET	A0415	63,162	10,864
2018	$419,590	$430,410	$850,000	$850,000	Dripping Springs Ret...	% Edelman Management...	Abs 415 Philip A Smi...	C-DS-RET	A0415	63,162	10,864
2017	$419,590	$249,880	$669,470	$669,470	Dripping Springs Ret...	% Edelman Management...	Abs 415 Philip A Smi...	C-DS-RR12S	PHILIP A SMITH SURVE...	63,162	10,864

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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 ↕
—	27490 Rr 12, Dripping Springs, TX 78620	—	-	63,162	N/A	10,864	$ 2,776,331	$ 722,640	-
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$ 11,768,630

Median$ 1,005,750.0

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

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License Details

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