Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    550 North Washington Street Round Top, TX 78954

    View on Map
    Claim this Listing
    For Sale
    $4,950,000

    Commercial,Commercial Sale - Round Top, TX

    Property size:
    18,631 SF
    Lot size:
    4.47 Acres
    Price / SF:
    $265/SF
    Added:
    Apr 22, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 29 at 3:06 pm

    Property Features for 550 North Washington Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Carport
    Standard status
    Active
    APN
    R51947
    Size
    18,631 SF
    Lot size
    4.47 Acres

    Building Details

    Floors in Building
    1
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Frank Hillbolt
    Frank Hillbolt

    Listing agent Frank Hillbolt License #502045

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

    Listing date Apr 22, 2026

    MLS# 150902 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.

    Overview

    Iconic Dance Hall and RV Park

    This one-of-a-kind commercial property in Round Top, Texas, features a registered Texas dance hall known for its musical legacy, having hosted renowned artists and local favorites. The property includes the "Pub," housed in the original La Grange railroad depot, which was relocated to Round Top in the 1990s. In 2023-2024, the building was enlarged to include a full-service restaurant, commercial kitchen, and a speakeasy bar. The property offers 18,631 square feet of space on a 4.472-acre lot. Retail space is available for rent during the twice-yearly antique shows. Expansive parking is available along Hwy 237, with an additional large rear lot for overflow parking. A 3-acre RV park with full hookups provides lodging, especially during the Round Top Antique Show held twice a year, plus the newly added "winter" show. The property is located on the west side of Hwy 237.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Mark Speakeasy Bar & Pub Round Top Dance ... Music Venue The Stone Cellar Restaurant The 550 District Shopping Center & Mall Old Depot Antiques Home Decor Store

    Suggested Use

    Law Firm Building Supply Spa & Massage Center Restaurant Hair Salon Big Box & Wholesale Store Nail Salon Pharmacy Real Estate Agency Kitchen & Bath Showroom

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

    Similar Places Nearby

    • Prost Wine Bar and Patio — 112 bauer rummel, round top, tx 78954
    • Ellis Motel — 185 Henkel Cir, Round Top, TX 78954
    • Prost On Block 29 — 112 Bauer Rummel, Round Top, TX 78954

    Location Insight

    • Map
    • Local Demand
    City
    Round Top
    County
    Fayette
    State
    Texas
    Longitude
    -96.694682
    Latitude
    30.070585

    Nearby Similar for Sale

    • $1,500,000
      2,788 SF

      Round Top Commercial Property For Sale

      Commercial property in Round Top, TX with restaurant lease.
      102 South Washington Street, Round Top, TX 78954
      View Details
    • $2,650,000
      2,831 SF

      Round Top Residential Farm Property

      Charming 4-bedroom home with modern comfort on 5 acres.
      533 Bybee Road, 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
    • $4,995,000
      5,855 SF

      Round Top Estate on 16 Acres

      Elegant 5-bedroom country estate near Round Top Square.
      770 South Weyand Road, Round Top, TX 78954
      View Details
    • $1,950,000
      3,141 SF

      New Home with Hill Country Views

      New 4BR home on 7.14 acres near Round Top.
      4961 Hartfield 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
    • $3,995,000
      4,387 SF

      Round Top Furnished Estate on Acres

      Furnished Round Top home on 5.6 acres with pool.
      565 Bybee 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?
    Night club - Unique commercial property with dance hall, restaurant, and RV park.
    Where is this night club located?
    The property is located at 550 North Washington Street Round Top, TX.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: Iconic, registered Texas dance hall with rich musical legacy and established reputation.; Includes a full‑service restaurant, commercial kitchen, and sophisticated "speakeasy" bar in the original La Grange railroad depot.; Expansive parking along Hwy 237 plus a large rear overflow lot.
    (979) 249-5732
    We can help!
    Listing Contact
    Frank Hillbolt
    Frank Hillbolt
    Real Estate License ID: 502045
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!