Historic Wedding Venue with
For Sale
$2,700,000
Pipe Creek, TX 78063, Pipe Creek, TX 78063
Historic wedding venue with central air and ADA restrooms, plus lodging apartments and no zoning restrictions.
Property Size7,430 SF
Lot Size3.00 Acres
Price / SF$363.39
Days on Market74
Property Features
General Information
Standard status
Active
Size
7,430 SF
Lot size
3.00 Acres
Property subtype
Multi-Use
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Amenities
central air
ADA restrooms
grand fireplace
chandelier
picnic tables
concrete dance floor
stage
Building Details
Year Built
1940
Buildings
4
Listing Agency:
JVL Real Estate
Listed By:
Jerrett Lamb
(830) 815-1000
Source:
Pioneerrealtypartners
Added: Jul 27
Changed: Oct 7
Last Checked: Oct 7 at 1:06PM
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 JVL Real Estate
Investment Insights
Based on property information with market context.
A historic wedding venue built in 1940, featuring indoor event space with a grand fireplace and chandelier, an expanded dining room, and central air. The property includes ADA restrooms and has been updated for modern operation with new plumbing, septic, water, and electrical, with improvements designed to preserve a period look.
Set on three acres, the venue offers outdoor gathering space with picnic tables, a concrete dance floor, and a stage under open sky. The grounds include four buildings: the general store and dance hall, a restored 1930s stone cottage, the old carriage house, and apartments for lodging.
Additional site features include oaks and pecans, chicken coops, a silo, and what remains of a cotton gin, along with a stone chimney dating to the 1800s. The property is described as having no zoning restrictions.
Set on three acres, the venue offers outdoor gathering space with picnic tables, a concrete dance floor, and a stage under open sky. The grounds include four buildings: the general store and dance hall, a restored 1930s stone cottage, the old carriage house, and apartments for lodging.
Additional site features include oaks and pecans, chicken coops, a silo, and what remains of a cotton gin, along with a stone chimney dating to the 1800s. The property is described as having no zoning restrictions.
Key Highlights
- Historic wedding venue built in 1940
- 3 acres with picnic tables, concrete dance floor, and stage under open sky
- 4 buildings: store and hall, restored 1930s stone cottage, carriage house, lodging apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,564
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,131,280
$2.1M
Cap Rate 7%
$1,522,343
$1.5M
Cap Rate 9%
$1,184,044
$1.2M
Market Conditions
NOI Build-Up for 7,430 SF
Gross rent
$148.0K $19.92/SF
− Vacancy
−$5.9K −$0.80/SF
EGI
$142.1K $19.12/SF
− OpEx
−$35.5K −$4.78/SF
NOI
$106.6K $14.34/SF
Area
Bandera County, TX
Vacancy
4.00%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,131,280
Cap Rate 7%
$1,522,343
Cap Rate 9%
$1,184,044
Alternative Uses
Best Use
Specialty Retail
$1.52M
$1.33M – $1.78M
NOI $106,564 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,669 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 78063, TX
9,302
Population
4,947
Households
1.9
Avg Household Size
52
Median Age
28%
College-Educated
93%
High-School Grad
119.3 sq mi
ZIP Area
78
Density / Sq Mi
$79,066
Median Household Income
$38,340
Median Earnings
$964
Median Rent
$265,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Wedding venue - Historic wedding venue with central air and ADA restrooms, plus lodging apartments and no zoning restrictions.
Where is this wedding venue located?
The property is located at Pipe Creek, TX.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Historic wedding venue built in 1940; 3 acres with picnic tables, concrete dance floor, and stage under open sky; 4 buildings: store and hall, restored 1930s stone cottage, carriage house, lodging apartments
