burt dement, broker associate 31900 ranch road...
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31900 Ranch Road 12
2,999 Square Feet (Buildings) / 29,600 Square Feet (Lot)
Burt Dement, Broker Associate512-689-7352
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Overview of Property
For sale is a completely restored, hill country office / retail office space now
ready to be occupied. The original hill country charm of the buildings remain,
but brand new electrical systems, HVAC, flooring, carpet, layout, and ADA
compliance accent the amazing hill country views on this scarce Hill Country
commercial property.
Strategically located on Ranch Road 12 between Dripping Springs, Bee Cave
and Belterra, the property consists of two building with four separate offices (one
did not need renovations and is under lease). Put your business in one the
spaces that fits your needs and rent the other units out to tenants!
Why should you purchase this property and move your business here?
1. Save money on rent by offsetting the cost with rent from tenants
2. Build long-term equity in rapidly growing Hill Country / Dripping Springs
area
3. Save time and say no to traffic! The average commuter into Austin
spends 250 hours per year in the car! At $100 per hour, that’s over $25K
per year wasted in your car. What’s your time worth?
Most importantly – it’s a great place to run a business!
Location of 31900 Ranch Road 12
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Specs of 31900 Ranch Road 12
Price: $649,900
Total Square Footage: Two buildings totaling 2,999 square feet on a 29,600
square foot lot.
Total # units: 4 (see below)
Price / Square Foot: $216.70
Year Built: 1989
Lot Size: 29,621
Parking: 4.67 / 1000 SF
Restoration Project: Gutted main building to its studs; Removed interior stairs and
added posterior balcony deck for upstairs for private access; Redesigned floor
plan upstairs and downstairs; Installed new electrical with separate meters;
Installed new HVAC upstairs, downstairs, and outside; New carpet downstairs
and laminate flooring upstairs; New lighting throughout main building; Painted
exterior of buildings; New insulation in attic space to cut power bills; Made ADA
compatible including paved parking spaces; Re-graveled parking lot; Cleared
out property to expose Hill Country views; Outdoor security lighting; Installed new
Hill country landscaping.
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Summary of Units & Proposed Rent Roll:
31900 Ranch Road 12 consists of 4 unique commercial units for office or retail.
Summary of Units
Unit Square Feet Description
Main (downstairs) 1,175 Ideally suited for retail or office
Main (upstairs) 941 Features open floor plan with amazing views
2nd (executive suite) 265 Small executive office or retail
2nd (office suite)* 618 Two room office suite
TOTAL 2,999 $5,200
*note currently under lease to Weaver Surveying, LLC
Below please find the proposed rental rates for the units. Note that office suite in
the main building did not need restoration is under currently under lease to
Weaver Surveying, LLC.
Proposed Rent Roll
Unit Square Feet $ / month
Main (downstairs) 1,175 $2,000
Main (upstairs) 941 $1,750
2nd (executive suite) 265 $500
2nd (office suite)* 618 $950
TOTAL 2,999 $5,200
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Why 31900 Ranch Road 12?
31900 Ranch Road 12 is the perfect opportunity for a local owner operator to
put their business at this location and rent out the remaining units. Benefits
include savings on rent, building of long-term equity in the Hill Country, and
avoiding the time, hassle, and cost associated with commuting into Austin.
Rent Saving Calculator
By occupying one of the available units and leasing out the other units, the new
owner could save a significant amount of money on rent as outlined above
(note that these numbers exclude bills):
Potential Rent Savings by Unit
UNIT FOR OWNER TO OCCUPY
Main (downstairs) Main (upstairs) 2nd (exec. Suite)
Rental Income from other units
$3,200 $3,450 $4,700
Mortgage, Taxes, & Insurance*
$4,193 $4,193 $4,193
Your Monthly ‘Rent’
$993 $743 -$507
Market Rent $2,000 $1750 $500
Monthly Rent Savings
$1,007 $1,007 $1,007
Annual Rent Savings
$12,084 $12,084 $12,084
*based on 20% down and 5.5% loan over 25 years
Building of Long-Term Equity
Own a commercial piece of properly and build equity in the fast growing Hill
Country area. Below please find the rate of equity build up assuming a 25 year
note.
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Potential Growth in Equity
Historical Growth in Population
Time Saver Calculator
The average commuter working in Austin spends about one hour per day in the
car! Over one year, that’s 10 days and 10 hours (250 hours) wasted in the car.
What’s you time worth? At $100 per hour, that’s almost $25K per year wasted in
your car!
Hours / Year Commuting Value of Your Time Total Value Wasted
250 hours $100 $25,000
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Floorplan – Main Building (Downstairs)
1,175 Square Feet (Retail or Office)
Rental Rate: $2,000 / month
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Floorplan – Main Building (Upstairs)
941 Square Feet (Office space with open floorplan and amazing
views)
Rental Rate: $1,600 to $1,800 / month
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Floorplan – 2nd Building (Executive Suite)
265 Square Feet (Office or retail)
Rental Rate: $500 / month
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Floorplan – 2nd Building (Weaver Office Suite)
618 Square Feet
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31900 Ranch Road 12 Siteplan
2,999 Square Feet Buildings / 29,600 Square Feet Lot