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    Property profile & analytics

    4696-B Hwy Stephenville, TX 76401

    • Commercial real estate
    • 19,281 SF
    • 146.43 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4696-B Hwy

    Year built
    1992
    Lot size
    146.43 lot acres
    Property size
    19,281 SF
    Property type
    Commercial real estate

    Description

    This exceptional 146.43-acre commercial property in Stephenville, Texas, presents a unique investment opportunity. The centerpiece is the Lone Star Arena, a highly sought-after event center attracting large and small events from around the globe due to its excellent visibility from Highway 377. The arena boasts seating for approximately 3,000 spectators, two separate indoor arenas under one roof, seven renovated skyboxes, and ample parking. Further enhancing the property's appeal are 110 RV hookups and 344 stalls, perfect for equestrian events or large gatherings. Eight large fans ensure climate control. A private club adds to the premium amenities. The property also includes two houses: a 2,540 square-foot brick home with three bedrooms, two bathrooms, and two living areas

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.1651
    Latitude
    32.2408

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      COMMERCIAL (GENERAL) • 0.24 Acres
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    Similar Nearby for Lease

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    4696-B Hwy
    Stephenville, TX 76401
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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
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