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    Montgomery County Tx Bobville, TX 77316

    For Sale
    $1,500,000

    7.7-Acre Event Center, High NOI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional turnkey wedding and event venue, nestled on 7.7 acres in Montgomery County, Texas, presents a lucrative investment opportunity. The property boasts a charming 1,700 sq ft rustic event barn, perfect for weddings and corporate events. Additional structures include a comfortable 2-bedroom, 2-bathroom house and a bridal cottage/studio casita with a full bath and kitchenette, providing ample accommodation. The property is fully equipped with furniture, fixtures, and equipment (FF&E), ensuring immediate operational readiness. With a strong existing client base and significant undeveloped land, this venue offers substantial expansion potential into diverse revenue streams, such as corporate events, retreats, or short-term rentals. The property's prime location on a major traffic artery provides excellent visibility and accessibility. The current net operating income (NOI) is $200,000, yielding a 13.33% cap rate, making this a highly attractive investment with a $1,500,000 asking price. The property includes three buildings and is classified as Class A. It underwent renovations in 2024. This is a 100% ownership opportunity. The property's picturesque setting, including mature trees and a grape vineyard, creates a stunning backdrop for any event. Don't miss this chance to acquire a thriving business with significant growth potential in a rapidly developing area.

    Property Features for 0 Montgomery County Tx

    General Information

    Property type
    Wedding venues
    Class
    A
    Lot Size
    335,412 SF

    Building Details

    Year Renovated
    2024
    Buildings
    3
    Units
    1

    HighLights

    • $1,500,000 asking price for a Class A, turn‑key wedding event center.
    • 13.33% cap rate with a $200,000 NOI.
    • Located on 7.7 acres in Montgomery County, TX, with three buildings.
    • Includes a 1,700 sq ft event barn, a 2‑bedroom, 2‑bathroom house, and a bridal cottage/studio casita.
    • Renovated in 2024, offering significant expansion potential on the remaining undeveloped land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wedding venues

    Map

    City
    Bobville
    County
    TX
    State
    Texas
    Longitude
    -95.7510475
    Latitude
    30.3326288

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    FAQs

    What type of property is this?
    Wedding venue - 7.7-Acre Event Center, High NOI
    Where is this wedding venue located?
    The property is located at Montgomery County Tx Bobville, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price for a Class A, turn-key wedding event center.; 13.33% cap rate with a $200,000 NOI.; Located on 7.7 acres in Montgomery County, TX, with three buildings.
    (832) 594-2712
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    Montgomery County Tx Bobville, TX 77316
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Montgomery County Tx Bobville, TX 77316
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