Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Warrenton Antique Corridor Venue Title is generated by Realmo AI

    4391 Texas 237, Round Top, TX 78954

    View on Map
    Claim this Listing
    For Sale
    $1,750,000

    Commercial,Commercial Sale,Standard Frame - Round Top, TX

    Type:Single Family Residence
    Property size:
    5,179 SF
    Lot size:
    2.79 Acres
    Price / SF:
    $337/SF
    Added:
    Jan 23, 2025
    Days on Market:
    499
    Last Refresh:
    Jun 6 at 4:06 pm

    Property Features for 4391 Texas 237

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Carport
    Exterior features
    Well
    Standard status
    Active
    APN
    R39122
    Size
    5,179 SF
    Lot size
    2.79 Acres

    Building Details

    Floors in Building
    1
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Mayer

    Listing agent Lisa Mayer License #370366

    Listing office ROUND TOP REAL ESTATE 101 Main St., ROUND TOP, TX

    Listing date Jan 23, 2025

    MLS# 150162 Listing URL

    Copyright © 2026 South Central Texas 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.

    HighLights

    • Commercial opportunity with 5,179 sq. ft. Legal Tender Saloon and Dance Hall venue space.
    • 2.79 acre property on the Antique Corridor in Warrenton.
    • Recently renovated farmhouse with 3 bedrooms and 3 full bathrooms.
    • Venue capacity for over 160 spaces with additional parking.
    • Farmhouse suitable as a vacation rental.
    • Public water available.

    Overview

    Located on the Antique Corridor in Warrenton, this property, known as The Legal Tender Saloon and Dance Hall and previously as The Texas Rose Antique Venue, offers 5,179 square feet of commercial space on a 2.79-acre lot. The venue can accommodate over 160 spaces and provides additional parking. The property also includes a recently renovated farmhouse featuring 3 bedrooms and 3 full bathrooms, suitable for use as a vacation rental. Public water is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Round Top
    County
    Fayette
    State
    Texas
    Longitude
    -96.732289
    Latitude
    30.016187

    Nearby Similar for Sale

    • $4,950,000
      18,631 SF

      Iconic Dance Hall and RV Park

      Unique commercial property with dance hall, restaurant, and RV park.
      550 North Washington Street, Round Top, TX 78954
      View Details
    • $2,795,000
      3,956 SF

      Round Top Estate with Pond

      Exceptional 10-acre Round Top property with stocked pond.
      139 Blossom Hill Road, Round Top, TX 78954
      View Details
    • $2,499,000
      2,831 SF

      Deck-Backed Two-Story Residence

      Two-story 4-bedroom home with fireplaces, basement, and a deck overlooking mature trees on over five acres.
      533 Bybee Road, Round Top, TX 78954
      View Details
    • $4,700,000
      5,855 SF

      Elegant Country Estate Near Round Top

      Luxury 5-bedroom estate on 16 acres near Round Top.
      770 South Weyand Road, Round Top, TX 78954
      View Details
    • $1,800,000
      1,800 SF

      Round Top Farm and Ranch

      56.6 acre Round Top property with farmhouse and pool.
      7824 Waldeck Cemetery Road, Round Top, TX 78954
      View Details
    • $3,995,000
      4,387 SF

      Round Top Farm-Ranch Estate

      Luxurious, fully furnished 5-bedroom home on 5.6 landscaped acres.
      565 Bybee Road, Round Top, TX 78954
      View Details
    • $3,650,000
      5,337 SF

      Round Top Estate with Multiple Homes

      Unique property near Round Top Square featuring three distinct homes.
      1585 Round Top Road, Round Top, TX 78954
      View Details
    • $1,095,000
      2,235 SF

      Round Top Country Retreat

      Charming home on 5+ acres, ideal for income generation.
      235 Floyd Lane, Round Top, TX 78954
      View Details
    • $1,850,000
      4,000 SF

      Commercial Property on Antique Corridor

      Expansive property with warehouse and farmhouse near Round Top Square.
      3545 Texas 237, Round Top, TX 78954
      View Details
    • $4,495,000
      4,666 SF

      Luxury Home on Expansive Land

      Elegant home on 12.52 acres in Round Top, TX.
      226 Hackemack Road, Round Top, TX 78954
      View Details
    • $1,495,000
      1,492 SF

      Round Top Ranch Style Home

      13.17 acre ranch property near Round Top shopping and dining.
      524 Hackemack Road, Round Top, TX 78954
      View Details
    • $3,950,000
      3,716 SF

      Round Top Ranch with Farmhouse

      107-acre ranch near Round Top with updated farmhouse.
      2988 Texas 237, Round Top, TX 78954
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial property with venue, saloon, dance hall, and farmhouse.
    Where is this storefront property located?
    The property is located at 4391 Texas 237 Round Top, TX.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Commercial opportunity with **5,179 sq. ft. Legal Tender Saloon and Dance Hall venue space.**; **2.79 acre property** on the Antique Corridor in Warrenton.; Recently renovated farmhouse with 3 bedrooms and 3 full bathrooms.
    (979) 249-5732
    We can help!
    Listing Contact
    Lisa Mayer
    Real Estate License ID: 370366
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4391 Texas 237, Round Top, TX 78954
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!