Wedding and Event Venue with
1090 FM 32, San Marcos, TX 78666
For Sale
$2,150,000
Unrestricted acreage includes an event building, a residence, and separate guest quarters.
Property Size5,325 SF
Lot Size15.00 Acres
Price / SF$403.76
Days on Market47
Property Features for 1090 FM 32
General Information
Standard status
Size
Total Parking Spaces
Lot size
Restaurant
Patio
Equipment Included
Additional Details
Road Access
Taxes and HOA fees
Annual Taxes
Amenities
rainwater collection
See Remarks
Ceiling Fan(s), Central Air, Electric
See Remarks, Hot Water
Hills
Driveway, Parking Lot
Building Details
Building Size
Year Built
Year Renovated
Buildings
Listing Agency:
JBG Commercial
Listed By:
Michael Ashby · License #668161
(512) 820-2192
Source:
Evrealestate
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 8 at 6:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JBG Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes a 2,025-square-foot commercial event building, constructed in 2015 and expanded in 2023. Its former uses included a distillery tasting room, bar, and event venue. A shaded patio and rainwater collection system are among the site improvements. Across the property, four structures provide approximately 5,325 square feet of built area: the commercial building, a 1,800-square-foot residence, 1,200-square-foot guest quarters, and a 300-square-foot shed. The residence has two full baths and one half bath; the separate guest quarters have one bedroom and one bath.
The approximately 15-acre property fronts FM 32 in unincorporated western Hays County, less than a mile from Ranch Road 12. It has no city zoning and is not subdividable. More than 40 asphalt parking spaces serve the site. Approximately 13 acres have a wildlife management valuation; continuation and potential rollback exposure may change with use. The sale covers the real estate and improvements, not the former business or its operating assets.
The approximately 15-acre property fronts FM 32 in unincorporated western Hays County, less than a mile from Ranch Road 12. It has no city zoning and is not subdividable. More than 40 asphalt parking spaces serve the site. Approximately 13 acres have a wildlife management valuation; continuation and potential rollback exposure may change with use. The sale covers the real estate and improvements, not the former business or its operating assets.
Key Highlights
- 15+/- unrestricted acres fronting FM 32
- Approximately 2,025 SF event building, built in 2015 with a 2023 addition
- Approximately 5,325 SF across four structures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,461
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,009,220
$2.0M
Cap Rate 7%
$1,435,157
$1.4M
Cap Rate 9%
$1,116,233
$1.1M
Market Conditions
NOI Build-Up for 5,325 SF
Gross rent
$138.7K $26.04/SF
− Vacancy
−$4.7K −$0.89/SF
EGI
$133.9K $25.15/SF
− OpEx
−$33.5K −$6.29/SF
NOI
$100.5K $18.87/SF
Area
Hays County, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,009,220
Cap Rate 7%
$1,435,157
Cap Rate 9%
$1,116,233
Alternative Uses
Best Use
Specialty Retail
$1.44M
$1.26M – $1.67M
NOI $100,461 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $155,819 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 78666, TX
86,584
Population
36,354
Households
2.4
Avg Household Size
27
Median Age
35%
College-Educated
89%
High-School Grad
192.4 sq mi
ZIP Area
450
Density / Sq Mi
$55,478
Median Household Income
$25,890
Median Earnings
$1,294
Median Rent
$271,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Wedding venue - Unrestricted acreage includes an event building, a residence, and separate guest quarters.
Where is this wedding venue located?
The property is located at 1090 FM 32 San Marcos, TX.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 15+/- unrestricted acres fronting FM 32; Approximately 2,025 SF event building, built in 2015 with a 2023 addition; Approximately 5,325 SF across four structures
