Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours

$246,049

NAL Estimated Property Value

655 Panorama Dr, Dripping Springs, TX, 78620

$319,864 ARVInfo
Off MarketInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths1,904 Sq Ft
price_per_sqft$175.95 / sqft
Year BuiltBuilt in 1979

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
FlooringLaminate

Exterior

Lot Size28,314 sqft

Land Information

APNR31190
Lot Number7
SubdivisionHill Creek West
Land UseCommercial
Legal DescriptionHILL CREEK WEST, BLOCK F, LOT 7, ACRES 0.65 TAX CODES:RSP,SDS
Census Tract010809
Assessed Land Value$172,420
Assessed Improvement Value$73,629
Assessment Year2025

About this property

Unique opportunity for commercial use in sought after location! Stone block and metal roofed building features 4 garage bays, one with an overhead door opening to back yard and two with high doors and ceilings as well as a finished office/meeting space with a small bathroom - this building was once a volunteer fire station and community meeting hall but is well suited for a variety of uses. The lot is 0.647 acres with some wonderful oaks in front and back. A new septic and electric panel installed in 2019 but the building could use additional repair and finishing work. Not many opportunities like this, truly a hard to find diamond in the rough.

Investor Tools

Property Icon
$246,049
Estimated Property Value
$0Estimated Mortgage Balance
$246,049Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$319,864
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,010 /month
Positive
Cash Flow Estimate:
$670 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$468/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,381
$246,049
2025
$172,420
$73,629
$246,049
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,381
$246,049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$246,049
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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.

Explore Texas Explore This Area
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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

655 Panorama Dr | Property Details | No Agent List