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Pre-Leased Investment Unit: 107/108 Dripping Springs

$1,054,500

15431 Fitzhugh Road, Dripping Springs, TX 78620

Active
Last Updated: 08/25/2026

8.19

Cap Rate

86,384.88

NOI

Details:
Cap Rate:    8.19%
NOI:    $86,384.88
Building Size:    3,200 sqft
Occupancy:    100%
Units:    1
Floors:    1
Highlights:
  • - Perfect for a 1031 Exchange: units available from $400,000 to 1.8 million to meet the needs of savvy investors at all levels. Adding value to any investment portfolio.
  • - Strong Returns: Benefit from above industry standard CAP rates from 8-9%, ensuring immediate cash flow and robust profitability on your investment.
  • - Impressive IRR Potential: Maximize long-term returns with a high XIRR, amplifying both growth and overall investment performance.
  • - Growth-Driven Tenants: Enjoy the stability of pre-leased units occupied by committed, community-oriented small business owners.
  • - Hands-Off Management: Professionally managed property and Condo Owners Association ensures a hands-off investment experience for owners.
  • - NNN Leases for Maximized Income: Tenants cover property taxes, utilities, and CAM/COA fees. The Seller is offering pre-paid CAM fees at closing, boosting net income and CAP rate value.
Description:

Personal Warehouse® offers unparalleled flexibility, ideal for anything from a burgeoning start-up, a place to park a classic hot rod, or even a satellite man cave for game day fun. As prices across the nation spike, the barrier to entry is higher than ever. Personal Warehouse® offers an affordable alternative without sacrificing accessibility. Purchase or lease a spot in the next evolution of commercial real estate today at the Buford Personal Warehouse® project.


Dripping Springs is the place any business, investor, or individual looking to have a real estate presence in the path of Austin’s outward growth needs to be. As nearby west-of-Austin communities like Bee Cave and Lakeway become renowned for their desirability both commercially and residentially, Dripping Springs is the next frontier of expansion. Demographic changes already indicate this as the population within a 5-mile radius of the project grew by 23% from 2020 to 2024 and is projected to increase another 27% by 2029. That area reports an average annual household income of $160,000, heralding success for client-based businesses and long-term appreciation. With a strategic position near key roadways, Personal Warehouse® users have full command of this area and can reach Downtown Austin in 30 minutes.

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