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Property profile & analytics
FOR SALE
Turn key restaurants

19588 K St Somerset, TX 78069

2,153 SF 0.16 ac lot Built 1950
Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-2364064
Property summary
AI-generated overview

This exceptional 2,153 square foot event venue in Somerset, Texas, is available for sale. Opened in March 2024 following a complete 2021 renovation, this turnkey operation is ideal for a variety of events, accommodating up to 330 guests indoors and outdoors. The property boasts a full kitchen and bar, ample parking for 60 vehicles on its 0.58-acre lot, and additional land is available for expanded parking. Features include manicured lawns, a spacious stage/covered pavilion, and all furniture, fixtures, and equipment are included. The property is zoned for general commercial use and was originally built in 1950. This is a rare opportunity to acquire an established and profitable event center with significant upside potential. The property's prime location in Bexar County, Texas, ensures easy access for guests and provides a strong foundation for continued success. The existing infrastructure and high-quality finishes minimize the need for further investment, allowing the new owner to focus on operations and growth. This is a truly unique opportunity to own a thriving business in a desirable location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Total area 2,153 SF
Lot 0.16 ac (6,970 SF)
APN 04053-016-0120
UPID US82-2364064
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Rustic Gardens Event Center Inc. Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Carlos Terrazas · 5 yrs held
Carlos Terrazas
since 2021
7 recorded transactions
2021
Price N/A
2019
Price N/A
2019
Price N/A
2018
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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