Event Center with Patio
8849 Carroll Circle Frisco, TX 75034
8849 Carroll Circle, Frisco, TX, 75034
$1,045,714
For Sale
$1,045,714
Completely renovated event center with indoor-outdoor bar service, landscaped grounds, and multiple covered patios.
Property Size13,474 SF
Price / SF$77.61
Days on Market91
Property Features for 8849 Carroll Circle
General Information
- Standard status
- Active
- Size
- 13,474 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1946
Listing agency
Cooper Land Company
(214) 714-5638
Listed by
Dan Cooper · License #0594068
Source
Signaturere
Added: Apr 22 Updated: Jul 20 at 7:20PM Checked: Jul 20 at 7:20PM
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 Cooper Land Company
Investment Insights
Based on property information with market context.
This completely renovated event center has been used as a wedding and event venue for over 10 years. The interior includes a brides room, two restrooms, and a reception area with inside-outside serving bar functionality. Outdoors, the property features heavily landscaped and treed grounds with a turfed lawn in the back, an outdoor serving kitchen, and three covered patio areas.
The property is described as having a commercial OTC zoning, and current zoning regulations indicate it could be used for a variety of business types. In addition to continuing as a wedding and event venue, the site could support uses such as a coffee shop, cafe, restaurant, or general office.
Overall, the layout is built for hosted events with both indoor gathering space and dedicated outdoor service areas.
The property is described as having a commercial OTC zoning, and current zoning regulations indicate it could be used for a variety of business types. In addition to continuing as a wedding and event venue, the site could support uses such as a coffee shop, cafe, restaurant, or general office.
Overall, the layout is built for hosted events with both indoor gathering space and dedicated outdoor service areas.
Key Highlights
- Completely renovated event center built in 1946
- Outdoor serving kitchen plus an inside‑outside serving bar for guest service
- Three covered patio areas and a turfed lawn in the back
Local Financial Insights For Specialty Retail
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 | $131.0k | $9.72 |
| − Vacancy | −$6.2k | −$0.46 |
| EGI | $124.8k | $9.26 |
| − OpEx | −$31.2k | −$2.32 |
| NOI | $93.6k | $6.95 |
13,474 SF · lease $9.72/SF/yr · vacancy 4.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,609 @ 7.0% cap · market cap 8.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.26M
$4.60M – $6.13M
NOI $367,989 @ 7.0% cap · market cap 35.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Venue | Frisco Town ...
Wedding Service
La Casita Garden
Hotel & Motel
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FAQs
What type of property is this?
Wedding venue - Completely renovated event center with indoor-outdoor bar service, landscaped grounds, and multiple covered patios.
Where is this wedding venue located?
The property is located at 8849 Carroll Circle Frisco, TX.
What is the asking price?
The asking price for this property is $1,045,714.
What are key features of this property?
This property features: Completely renovated event center built in 1946; Outdoor serving kitchen plus an inside‑outside serving bar for guest service; Three covered patio areas and a turfed lawn in the back
