Turnkey Wedding Event
28622 Fm 2920 Road Waller, TX 77484
28622 Fm 2920 Road, Waller, TX, 77484
$1,300,000
For Sale
$1,300,000
Turnkey wedding/event venue on FM 2920 with approximately 2,800 SF building and substantial rear land for expansion.
Property Size4,852 SF
Price / SF$267.93
Days on Market78
Property Features for 28622 Fm 2920 Road
General Information
- Standard status
- Active
- Size
- 4,852 SF
- Property subtype
- Farm
Listing agency
Caldwell Companies
(281) 413-7404
Listed by
Mark Terpstra · License #0443855
(281) 413-7404
Source
Exprealty
Added: May 6 Updated: Jul 22 at 12:08AM Checked: Jul 22 at 12:08AM
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 Caldwell Companies
Investment Insights
Based on property information with market context.
This turnkey wedding/event venue includes a building of approximately 2,800 SF and is offered for sale with existing improvements in place. The property has frontage along FM-2920 and includes additional land to the rear that could support adding one or more buildings.
The site is located about one mile north of US-290 and features approximately 1,300 feet of frontage on FM-2920. The property is noted as not being in a floodplain and is described as being less than a mile from a proposed Blinn campus and the Daiken regional HQ. The surrounding area is described as being characterized by new development.
The building is described as well-suited for conversion to office use, with ample back-of-site land available for future development.
The site is located about one mile north of US-290 and features approximately 1,300 feet of frontage on FM-2920. The property is noted as not being in a floodplain and is described as being less than a mile from a proposed Blinn campus and the Daiken regional HQ. The surrounding area is described as being characterized by new development.
The building is described as well-suited for conversion to office use, with ample back-of-site land available for future development.
Key Highlights
- Turnkey wedding/event venue with approximately 2,800 SF building
- 130’ frontage on FM‑2920
- About 1 mile north of US‑290
Local Financial Insights For Office B
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 | $111.8k | $23.04 |
| − Vacancy | −$27.1k | −$5.58 |
| EGI | $84.7k | $17.46 |
| − OpEx | −$21.2k | −$4.37 |
| NOI | $63.6k | $13.10 |
4,852 SF · lease $23.04/SF/yr · vacancy 24.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$907.9K
$794.4K – $1.06M
NOI $63,553 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.55M
NOI $92,739 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wedding venues
Similar For Sale Nearby
FAQs
What type of property is this?
Wedding venue - Turnkey wedding/event venue on FM 2920 with approximately 2,800 SF building and substantial rear land for expansion.
Where is this wedding venue located?
The property is located at 28622 Fm 2920 Road Waller, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Turnkey wedding/event venue with approximately 2,800 SF building; 130’ frontage on FM‑2920; About 1 mile north of US‑290
