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    Nelida Spurrell, Rockport, TX

    License ID: 0565588
    Years of Experience
    16
    Languages
    Portuguese, Portuguese, Spanish, Spanish
    Association
    Rockport Area Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (214) 597-8751
    Office Address:
    HWY 35 N, Rockport, TX 78382

    Property Types

    • Commercial Sale
    • Land

    Performance

    Listings
    20
    Total transactions
    83
    Total transactions amount
    $20M
    Price range
    $10k - 1M
    Average price
    $241k

    Listings

    For Sale (19)

    View map
    • $225,000
      5.00 Acres

      Rockport TX 5-Acre Homesite

      Private 5-acre homesite near Aransas Bay and Rockport Arts District.
      1505 Balderree Rd, Rockport, TX 78382
      View Details
    • $225,000
      5.00 Acres

      Residential Land Near Aransas Bay

      Private 5-acre homesite near Rockport's Arts District and Aransas Bay.
      1505 Balderee Ln, Rockport, TX 78382
      View Details
    • $1,450,000
      53.83 Acres

      53+ Acreage Development Tract

      High-exposure acreage on the main corridor with development potential.
      1410-1440 S Highway 35 Byp, Aransas Pass, TX 78336
      View Details
    • $1,000,000
      6.51 Acres

      Fulton Land For Sale

      6.5-acre commercial land in Fulton, TX with highway frontage.
      3901 Highway 35 N, Fulton, TX 78358
      View Details
    • $75,000
      0.35 Acres

      Waterfront Land in Rockport, TX

      Waterfront lot to build your dream home with amazing views.
      64 Lake Shore Cir, Rockport, TX 78382
      View Details
    • $650,000
      0.17 Acres

      Waterfront Land in Island Moorings

      Spacious waterfront homesite with private boat dock and lift.
      389 Marina Dr, Port Aransas, TX 78373
      View Details
    • $45,000
      0.16 Acres

      Coastal Lot in Rockport, Texas

      Coastal lot near downtown, ideal for living or recreation.
      2124 Fort Worth St, Rockport, TX 78382
      View Details
    • $70,000
      0.16 Acres

      Coastal Homesite in Rockport, Texas

      Coastal homesite near downtown, Cove Harbor, and boat launches.
      2128 Fort Worth St, Rockport, TX 78382
      View Details
    • $55,000
      0.18 Acres

      Residential Land in Old Rockport

      Residential lot in Old Rockport with potential for Airbnb.
      1421-1425 E Linden St, Rockport, TX 78382
      View Details
    • $1,000,000
      6.51 Acres

      Fulton Land Development Opportunity

      6.5-acre corner lot in Fulton with highway frontage.
      3901 Highway 35 N, Fulton, TX 78358
      View Details
    • $70,000
      0.16 Acres

      Coastal Homesite in Rockport, Texas

      Ideal coastal homesite near downtown, fishing, and boating.
      2128 Fort Worth St, Rockport, TX 78382
      View Details
    • $45,000
      0.16 Acres

      Coastal Lot in Rockport, Texas

      Coastal lot near downtown, marina, and restaurants. Endless potential!
      2124 Fort Worth St, Rockport, TX 78382
      View Details
    • $1,500,000
      712 SF

      Established RV Park Investment Opportunity

      Rockport RV park with income potential and expansion possibilities.
      1421 W Corpus Christi St, Rockport, TX 78382
      View Details
    • $1,450,000
      53.33 Acres

      Prime Acreage on Highway 35

      53+ acres with highway frontage near Rockport and Aransas Pass.
      1410-1440 State Highway 35, Aransas Pass, TX 78336
      View Details
    • $75,000
      0.35 Acres

      Waterfront Land in Rockport, TX

      Waterfront lot to build your dream home in Rockport.
      64 Lake Shore Cir, Rockport, TX 78382
      View Details
    • $650,000
      0.17 Acres

      Waterfront Land in Island Moorings

      Spacious waterfront homesite with private boat dock and lift.
      389 Marina Dr, Port Aransas, TX 78373
      View Details
    • $35,000
      0.22 Acres

      Oversized Lot in Aransas Pass

      Spacious lot ideal for custom home or investment property.
      15 16, Aransas Pass, TX 78336
      View Details
    • $148,000
      0.27 Acres

      Prime Homesite in Old Rockport

      Oversized homesite near beach, shopping, and dining in Rockport.
      1113-1117 Lady Claire St, Rockport, TX 78382
      View Details
    • $50,000
      7,000 SF

      Coastal Lot Near Rockport, Texas

      Coastal lot with potential near Rockport's Arts District.
      2124 Fort Worth St, Rockport, TX 78382
      View Details

    For Lease (1)

    View map
    • Contact for pricing

      Modern Office Campus on Riverplace

      Modern office campus with historic architecture and riverfront access.
      43 Main St, Minneapolis, MN 55414
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Nelida Spurrell, Rockport, TX
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Nelida Spurrell, Rockport, TX
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