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Days1058Days on Market
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$2,550,000

4004 E Highway 290, Dripping Springs, TX, 78620

On MarketInfo
CommercialInfo
Baths8,721 Sq Ft
OfficeOffice
price_per_sqft$292.4 / sqft
Year BuiltBuilt in 1994

Highlights

Interior

Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringCarpet, Concrete

Exterior

Lot Size1.69 acres

Building Information

Year Built1994
Roof Type112

Land Information

APNR44783
Lot Number1
SubdivisionSunset Canyon Sec Ii-C
Land UseCommercial
Legal DescriptionSUNSET CANYON SEC II-C, LOT 1, ACRES 1.693 TAX CODES:RSP,SDS
Census Tract010806
Assessed Land Value$1,316,610
Assessed Improvement Value$359,070
Assessment Year2025

About this property

Welcome to the perfect commercial property for your business needs! This exceptional office building offers a total of 8,721 square feet of meticulously designed space, tailored to accommodate a range of professional ventures. Situated prominently along the frontage of Hwy 290 between Dripping Springs and Austin, Texas with unparalleled visibility and benefits from a consistently high traffic count. The interior comprises ten spacious offices plus work stations, providing ample room for your growing team. One of the offices is a luxurious executive office, designed for comfort and style. Off the back of the building is a courtyard complete with a fireplace providing an optimal work environment. Collaboration and productivity are at the forefront of this property's design. A conference room provides the ideal setting for important meetings, presentations, and brainstorming sessions. In addition, you will find a well-appointed break room complete with a full kitchen. Accessibility and convenience are paramount in this building's design featuring an elevator and ADA compliant restrooms. A dedicated server room is in place for IT operations. The property's 1.69-acre lot ensures an abundance of parking with +/- 75 spaces. An outbuilding for storage adds versatility to the property. The property holds immense potential for various business endeavors. Besides its current use, the property presents a unique opportunity for conversion into a flexible space with a yard. This office building offers an exceptional opportunity to establish or expand your business in a prime location with excellent visibility and accessibility. Whether you envision an innovative office setup or a customized flex space with outdoor amenities, this property is the canvas upon which you can bring your business vision to life. Don't miss the chance to secure this highly sought-after commercial property and take your enterprise to new heights!

Investor Tools

Property Icon
$1,675,680
Estimated Property Value
$400,000Estimated Mortgage Balance
$1,276,256Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$15,300 /month
Positive
Cash Flow Estimate:
$5,100 /month

Interested in this property?

Melinda Everett

Century 21 Randall Morris & As

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,882/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$26,209
$1,675,680
2025
$1,316,610
$359,070
$1,675,680
No

Tax History

Year
Tax Paid
Assessed Value
2024
$26,209
$1,675,680

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,675,680
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Dripping Springs

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4004 E Highway 290 | Property Details | No Agent List