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Days747Days on Market
Views1view

$2,500,000

12116 Nursery Dr, Victoria, TX, 77904

On MarketInfo
Baths0 Bath
Baths13,086 Sq Ft
price_per_sqft$191.04 / sqft
Year BuiltBuilt in 2010

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringLaminate

Exterior

Lot Size14.75 acres

Building Information

Year Built2019
Roof Type112

Land Information

APN00760-000-36003
Land UseTheaters
Legal Description00760 S DE LEON ABST 76 TRACT 131, ACRES 14.75
Census Tract001501
Assessed Land Value$238,830
Assessed Improvement Value$1,287,060
Assessment Year2025

About this property

Spring Creek Place is THE premier wedding & event center in the Crossroads, but it is so much more. Totally reimagined, it is now a complete regional conference center. With updated technology capabilities that rival NASA, not really but almost, there is no place better suited to host professional events. The atmosphere is warm, luxurious, & cutting edge. A turnkey space in the truest sense, the opportunities it offers are unparalleled. The versatility this unique complex offers to brand & market the development beyond the basics of weddings & fundraisers is literally endless. The sprawling 14+ acres are ripe for additional improvments to add revenue streams. Envision a winery on the grounds, perhaps a campus of professional offices surrounding an onsite event center, potentially a family fun destination with a restaurant/bar & attractions or ponder the possibility of hosting both small & large scale in & outdoor concerts. There is even space to add an equestrian center or large pavilion. And the best part is this property gives you the room, flexibility & onsite infrastructure to make several ideas work together to provide multiple income sources. It would also be an ideal location for a church looking for additional worship or retreat space. In its current capacity it is complete with all the accoutrement to supplement the space rental with income from accessory rental. In addition to the 13,000+ sq feet of interior space, there is a covered outdoor pavilion, a covered inset patio with a rollup kitchene service door, a fully insulated, climate-controlled storage building & ample parking. The main hall includes partitions to offer a variety of configurations, several versatile smaller spaces, multiple ADA restrooms, a catering kitchen with a walk-in cooler, offices, & second floor climate-controlled storage that could easily be fully finished. And the building's steel superstructure allows for easy customization. This is the opportunity you have been waiting for!

Investor Tools

Property Icon
$1,525,890
Estimated Property Value
$0Estimated Mortgage Balance
$1,525,890Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$15,000 /month
Positive
Cash Flow Estimate:
$5,000 /month

Interested in this property?

Jeff Lenhart

Coldwell Banker D'Ann Harper, REALTORS®

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,492/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$1,525,890
2025
$238,830
$1,287,060
$1,525,890
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$1,525,890

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,525,890
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Victoria

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