12116 Nursery Dr Victoria, TX 77904
This exceptional 16,000-square-foot, single-story Class A event center, built in 2010, sits on a 14.75-acre lot in Victoria, Texas (77904), at 12116 Nursery Dr. Currently operating at 100% occupancy, this owner-user investment opportunity is priced at $3,750,000, or $234.38 per square foot. The property boasts state-of-the-art technology and versatile spaces suitable for weddings, conferences, conventions, trade shows, corporate events, and religious services. Its picturesque location offers a serene setting just minutes from Victoria, making it highly accessible. The single building features ample space to accommodate a wide range of events and includes numerous on-site amenities and top-notch services. This turnkey operation presents a unique chance to acquire a thriving business in a desirable location. The property is zoned for its current use. This is a rare opportunity to own a successful and well-established event center.
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Spring Creek Place Event Center Hotel & Motel Resort
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.