19588 K St Somerset, TX 78069
For Sale
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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.
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Rustic Gardens Event Center Inc. 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
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.