




$246,049
NAL Estimated Property Value655 Panorama Dr, Dripping Springs, TX, 78620
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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.
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Learn About the Market: Opportunity in Texas




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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Dripping Springs
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