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    Turn-Key Event Venue with Guest Suites Title is generated by Realmo AI

    7892 Fm Rd 2578, Terrell, TX 75160

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    For Sale
    $2,100,000

    SINGLE_FAMILY - Terrell, TX

    Type:Retail
    Property size:
    10,560 SF
    Lot size:
    10.00 Acres
    Price / SF:
    $198/SF
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 4:06 pm

    Property Features for 7892 Fm Rd 2578

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    214931
    Size
    10,560 SF
    Lot size
    10.00 Acres

    Taxes and HOA fees

    Tax Description
    HENRY J LYNN DEC'D, TRACT 15.05; 10.0 ACRES,
    Tax Annual Amount
    27272

    Utilities

    Sewer type
    Aerobic Septic
    Heating system
    Central
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Year built
    2021
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Wood, Concrete
    Building materials
    SteelSiding, StoneVeneer
    Roof type
    Metal

    We can help!

    Listing Contact
    Roberto Castaneda

    Listing agent Roberto Castaneda

    Listing office Malone and Associates RE Forney, TX

    Listing date Jun 3, 2026

    MLS# 21287723

    Copyright © 2026 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.

    HighLights

    • 10‑acre event venue in Terrell, TX with nearly 11,000 SF of event space and capacity for up to 640 guests
    • Built in 2021; metal roof with central heating and central air, plus ceiling fans
    • Two front office spaces and large main event hall with a luxury French‑inspired four‑tier chandelier and a built‑in stage
    • Dedicated bar area plus kitchen and food prep area to support catering and event operations
    • Upstairs has two private suites, each with a full bathroom
    • Fully equipped with tables and chairs for 500 people; septic system: aerobic septic

    Overview

    This turn-key event venue is set up and ready for immediate operations, offering nearly 11,000 square feet of indoor event space on 10 acres. The facility includes two front office spaces, a spacious main event hall with a luxury French-inspired four-tier chandelier, a large built-in stage, and a dedicated bar area. Catering and event operations are supported by a kitchen and food prep area, and the property includes tables and chairs for 500 people. Upstairs, there are two private suites, each with its own full bathroom, providing convenient accommodations for bridal parties, event hosts, VIP guests, or on-site management.

    Located in Terrell, Texas with convenient access to the DFW Metroplex and surrounding areas, the venue is positioned to serve weddings, corporate events, banquets, concerts, private parties, and community gatherings. The expansive acreage supports abundant parking and offers room for outdoor activities or future additions to event amenities.

    With its established, purpose-built layout and on-site support spaces, this property is well suited for owner-operators, hospitality-focused investors, or groups looking for a versatile platform to generate event income. Seller financing is available, with terms dependent on buyer qualifications, offering flexibility for qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wedding venues

    Map

    City
    Terrell
    County
    Kaufman
    State
    Texas
    Longitude
    -96.333791
    Latitude
    32.670996

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    FAQs

    What type of property is this?
    Wedding venue - Fully equipped event venue built for high-capacity gatherings, with dedicated event spaces, catering support, and private upstairs suites.
    Where is this wedding venue located?
    The property is located at 7892 Fm Rd 2578 Terrell, TX.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: 10‑acre event venue in Terrell, TX with nearly 11,000 SF of event space and capacity for up to 640 guests; Built in 2021; metal roof with central heating and central air, plus ceiling fans; Two front office spaces and large main event hall with a luxury French‑inspired four‑tier chandelier and a built‑in stage
    (972) 900-9087
    We can help!
    Listing Contact
    Roberto Castaneda
    Request Owner's contact information
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    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.

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