Wedding Venue with Guest
For Sale
$2,598,000
394 Ranch Rd 1376, Fredericksburg, TX 78624
Commercial Sale, Fredericksburg, TX
Property Size4,155 SF
Lot Size13.86 Acres
Price / SF$625.27
Days on Market241
Property Features for 394 Ranch Rd 1376
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Fredericksburg
Middle school district
Fredericksburg
High school district
Fredericksburg
Standard status
Active
Lot size
13.86 Acres
Taxes and HOA fees
Tax Annual Amount
19715
Amenities
exposed beams
his & her bathrooms
floor-to-ceiling stone fireplace
catering prep area
large sliding doors
courtyard
Listing Agency:
Reata Ranch Realty, LLC
(830) 992-3045
Listed By:
Michele Smith · License #TX9002241
(325) 347-4702
Added: Feb 8
Changed: Sep 13
Last Checked: Oct 7 at 5:06PM
MLS# 101674
Copyright © 2026 Central Hill Country Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This wedding venue spans 13.86 acres and includes 4,155+/- sq ft of improvements. Two guest residences provide two bedroom suites each, while the event pavilion accommodates approximately 60 guests. Pavilion features include exposed beams, separate men’s and women’s bathrooms, a floor-to-ceiling stone fireplace, catering preparation space, and large sliding doors connecting to a courtyard. Locally sourced limestone, cedar, and reclaimed shiplap appear throughout the improvements. The property is being sold fully furnished with event inventory.
Located between Fredericksburg and Luckenbach in the Hill Country Wine Corridor, the property is near Hwy 290, wineries, and Hill Country attractions. Infrastructure includes a 60 gpm well and oversized septic systems. TxDOT has verbally provided the seller with pre-approval related to distance requirements for a potential commercial entrance, subject to the stated condition that a future owner pursue one.
Located between Fredericksburg and Luckenbach in the Hill Country Wine Corridor, the property is near Hwy 290, wineries, and Hill Country attractions. Infrastructure includes a 60 gpm well and oversized septic systems. TxDOT has verbally provided the seller with pre-approval related to distance requirements for a potential commercial entrance, subject to the stated condition that a future owner pursue one.
Key Highlights
- 13.86‑acre wedding venue property with 4,155+/- sq ft of improvements
- Two guest residences, each with 2 bedroom suites
- Pavilion accommodates approximately 60 guests and includes catering prep space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,257
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,405,140
$4.4M
Cap Rate 7%
$3,146,529
$3.1M
Cap Rate 9%
$2,447,300
$2.4M
Market Conditions
NOI Build-Up for 4,155 SF
Gross rent
$498.6K $120.00/SF
− Vacancy
−$34.9K −$8.40/SF
EGI
$463.7K $111.60/SF
− OpEx
−$243.4K −$58.59/SF
NOI
$220.3K $53.01/SF
Area
Gillespie County, TX
Vacancy
7.00%
Lease Rate
$120.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,405,140
Cap Rate 7%
$3,146,529
Cap Rate 9%
$2,447,300
Alternative Uses
Best Use
Hotel Hospitality
$3.15M
$2.75M – $3.67M
NOI $220,257 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 78624, TX
23,080
Population
12,421
Households
1.9
Avg Household Size
52
Median Age
37%
College-Educated
89%
High-School Grad
742.3 sq mi
ZIP Area
31
Density / Sq Mi
$67,987
Median Household Income
$37,047
Median Earnings
$1,347
Median Rent
$439,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Wedding venue - Furnished event property with guest accommodations, a pavilion, and distinctive limestone and cedar finishes.
Where is this wedding venue located?
The property is located at 394 Ranch Rd 1376 Fredericksburg, TX.
What is the asking price?
The asking price for this property is $2,598,000.
What are key features of this property?
This property features: 13.86‑acre wedding venue property with 4,155+/- sq ft of improvements; Two guest residences, each with 2 bedroom suites; Pavilion accommodates approximately 60 guests and includes catering prep space
