Turnkey Event Venue
12900 FM 121 Van Alstyne, TX 75495
For Sale
Contact for pricing
Turnkey wedding event property with a barndo-style venue, pool amenities, and an in-place month-to-month pool house lease.
Property Size8,454 SF
Lot Size3.90 Acres
Price / SF$199.91
Days on Market44
Property Features for 12900 FM 121
General Information
- Standard status
- Active
- Size
- 8,454 SF
- Lot size
- 3.90 Acres
- Property subtype
- Mixed Use, Special Purpose
Building Details
- Year Built
- 2000
Listing Agency:
P5 CRE Group Powered by: TSI Realty LLC
Listed By:
Sergio Santiago · License #9015958-BB
Source:
Crexi
Added: Jun 11
Changed: Jul 23
Last Checked: Jul 23 at 3:06PM
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 P5 CRE Group Powered by: TSI Realty LLC
Investment Insights
Based on property information with market context.
This turnkey event-venue and income estate is set on approximately 3.9 unrestricted acres and includes multiple structures designed to host gatherings and generate revenue. The main home is approximately 6,000 SF and features 6 bedrooms, 4 baths, dual primary suites, a chef’s kitchen, and a game room with a wet bar. A separate approximately 1,800 SF barndo-style event venue includes a kitchen, bathrooms, and an outdoor kitchen, along with a tiny separate get-ready house for wedding parties. A pool house with 1 bedroom, full kitchen, bath, and a 1-car garage is currently leased month-to-month.
Resort-style grounds include a gunite pool, hot tub, gazebo, and a private bass-stocked pond. Recent capital improvements include a 2023 piered foundation (with warranty), a roof approximately 2.5 years old, and newer HVAC.
The property is located in fast-growing Van Alstyne along the US-75 “Silicon Prairie” corridor, with no HOA and Van Alstyne ISD schools rated A.
Resort-style grounds include a gunite pool, hot tub, gazebo, and a private bass-stocked pond. Recent capital improvements include a 2023 piered foundation (with warranty), a roof approximately 2.5 years old, and newer HVAC.
The property is located in fast-growing Van Alstyne along the US-75 “Silicon Prairie” corridor, with no HOA and Van Alstyne ISD schools rated A.
Key Highlights
- 6,000 SF main home (built 2000) with 6 beds/4 baths, including dual primary suites, chef’s kitchen, and game room with wet bar
- 1,800 SF barndo‑style event venue with kitchen, bathrooms, and an outdoor kitchen, plus a separate tiny get‑ready house
- Pool house leased month‑to‑month: 1‑bedroom, full kitchen, bath, and 1‑car garage
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.7k | $14.04 |
| − Vacancy | −$14.2k | −$1.68 |
| EGI | $104.5k | $12.36 |
| − OpEx | −$47.0k | −$5.56 |
| NOI | $57.4k | $6.80 |
8,454 SF · lease $14.04/SF/yr · vacancy 12.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$820.7K
$718.1K – $957.5K
NOI $57,448 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.34M
$3.79M – $5.06M
NOI $303,583 @ 7.0% cap · market cap 17.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shepherd Run Estate
Hotel & Motel
FAQs
What type of property is this?
Wedding venue - Turnkey wedding event property with a barndo-style venue, pool amenities, and an in-place month-to-month pool house lease.
Where is this wedding venue located?
The property is located at 12900 FM 121 Van Alstyne, TX.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: 6,000 SF main home (built 2000) with 6 beds/4 baths, including dual primary suites, chef’s kitchen, and game room with wet bar; 1,800 SF barndo‑style event venue with kitchen, bathrooms, and an outdoor kitchen, plus a separate tiny get‑ready house; Pool house leased month‑to‑month: 1‑bedroom, full kitchen, bath, and 1‑car garage
