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    4696 N Us Highway 377 Stephenville, TX 76401

    For Sale
    $4,700,000

    Business - Stephenville, TX

    Type:Business
    Lot size:
    40.00 Acres
    Days on Market:
    137
    Last Refresh:
    Dec 12 at 7:06 pm

    Property Features for 4696 N Us Highway 377

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    R000025020
    Parking features
    Open, Other, Oversized, Parking Lot, RV
    Lot size
    40.00 Acres

    Utilities

    Heating system
    Electric (Heating), Other (Heating), Propane (Heating)
    Cooling system
    Ceiling Fan(s), Electric

    Building Details

    Year built
    1992
    Flooring type
    Concrete, Laminate, Other
    Building materials
    Steel Siding
    Roof type
    Metal
    Architectural style
    Other

    Light Realty (817) 964-7559

    Listing agent Nikki Light (817) 964-7559 License #0705405

    Listing date Jul 29, 2025

    MLS# 20989306 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Stephenville Arena & Event Center

    This commercial property, also known as Lone Star Arena, is a multi-purpose arena and event center located in Stephenville, TX, a city known as a City of Champions and home to Tarleton State University and many professional Cowboys and Cowgirls. The property features roughly 150,000 sq ft under roof, with an additional 57,000 sq ft of covered area and two entrances. It is situated in a prime, convenient business location with highway frontage and traffic in a fast-growing community. The property has exceptional visibility from HWY 377, making it a highly sought-after event center. It seats close to 3,000 spectators and includes two separate indoor arenas under one roof, seven renovated skyboxes, 110 RV hookups, 344 stalls, eight big ass fans, and plenty of parking. The property also features a Private Club. The property is situated on a 40-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sports & entertainment properties

    Suggested Use

    Realty agency Restaurant Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath HVAC Service Bar & Pub Electronics Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.160428
    Latitude
    32.234783

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    FAQs

    What type of property is this?
    Sports & entertainment property - Multi-purpose arena and event center in a fast-growing community.
    Where is this sports & entertainment property located?
    The property is located at 4696 N Us Highway 377 Stephenville, TX.
    What is the asking price?
    The asking price for this property is $4,700,000.
    What are key features of this property?
    This property features: - Large multi-purpose arena and event center with approximately 150,000 sq ft under roof and an additional 57,000 sq ft covered area.; - **Prime commercial location with highway frontage and high visibility on HWY 377** in a fast-growing community (Stephenville, TX).; - Seating capacity for close to 3,000 spectators.
    (817) 964-7559
    Request Owner's contact information
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    Stephenville, TX 76401
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    Realmo Value Estimation

    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.

    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.

    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
    4696 N Us Highway 377 Stephenville, TX 76401
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