Round Top New Construction
For Sale
$2,500,000
1286 S State Hwy 237, Round Top, TX 78954
7,785 SF new construction on 5 acres in Round Top.
Property Size7,785 SF
Price / SF$321.13
Days on Market489
Property Features for 1286 S State Hwy 237
General Information
Standard status
Active
Size
7,785 SF
Property subtype
Farm
Taxes and HOA fees
Annual Taxes
$11,956
Amenities
Concrete
No
Owner
High Ceilings
Partially Wooded
Cleared,Hardwood Trees,Level
Well
5
Appraiser
Horses Allowed
Detached,Garage
Asphalt
Pillar/Post/Pier,Slab
Highway
7785
Building Details
Building Size
7,785 SF
Year Built
2024
Stories
2
Listing Agency:
Circle T Realty
(832) 445-0408
Listed By:
Dayna Simon
(281) 639-5878
Source:
Garygreene
Added: Jun 6, 2025
Changed: Oct 6
Last Checked: Oct 7 at 9:27AM
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 Circle T Realty
Investment Insights
Based on property information with market context.
This property features a new construction spanning 7,785 square feet on 5 acres in Round Top. The design blends stone and steel. In addition to the main structure, there is a 1,200 square foot detached garage. The property is an empty shell. It is pre-plumbed with provisions for two baths on the main level. The second floor is planned for a 2-bedroom, 2-bath living space with its own kitchen. The property is suitable as an event space, showroom, boutique hotel, or creative studio. A new water well and buried electric lines with a 600 amp electric box near the front gate are present. The property is fully fenced and not in the flood plain. It is located across the road from the Junk Gypsies World Headquarters and The Porch Antique venue, minutes from Round Top.
Key Highlights
- 7,785 sq ft new construction on 5 acres in Round Top.
- Versatile space suitable for event venue, showroom, hotel, or studio.
- Pre‑plumbed for multiple bathrooms and a 2‑bedroom, 2‑bath living space with kitchen.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,450
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,109,000
$2.1M
Cap Rate 7%
$1,506,429
$1.5M
Cap Rate 9%
$1,171,667
$1.2M
Market Conditions
NOI Build-Up for 7,785 SF
Gross rent
$159.7K $20.52/SF
− Vacancy
−$9.1K −$1.17/SF
EGI
$150.6K $19.35/SF
− OpEx
−$45.2K −$5.81/SF
NOI
$105.4K $13.55/SF
Area
Fayette County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,109,000
Cap Rate 7%
$1,506,429
Cap Rate 9%
$1,171,667
Alternative Uses
Best Use
Hotel Hospitality
$3.99M
$3.49M – $4.66M
NOI $279,559 @ 7.0% cap · market cap 11.18%
Second Best
Retail
$1.51M
$1.32M – $1.76M
NOI $105,450 @ 7.0% cap · market cap 4.22%
Theoretical Best
Multifamily LT 5
$87.28M
$76.37M – $101.83M
NOI $6,109,696 @ 7.0% cap · market cap 244.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 78954, TX
1,144
Population
897
Households
1.3
Avg Household Size
60
Median Age
40%
College-Educated
98%
High-School Grad
73.6 sq mi
ZIP Area
16
Density / Sq Mi
$100,096
Median Household Income
$54,271
Median Earnings
$1,155
Median Rent
$453,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Wedding venue - 7,785 SF new construction on 5 acres in Round Top.
Where is this wedding venue located?
The property is located at 1286 S State Hwy 237 Round Top, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 7,785 sq ft new construction on 5 acres in Round Top.; Versatile space suitable for event venue, showroom, hotel, or studio.; Pre‑plumbed for multiple bathrooms and a 2‑bedroom, 2‑bath living space with kitchen.
