Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1309 Cape Velero Drive lot 4 Rockport, TX 78382

    View on Map
    For Sale
    $75,000

    LAND - Rockport, TX

    Lot size:
    0.55 Acres
    Added:
    Nov 21, 2024
    Days on Market:
    496
    Last Refresh:
    Apr 1 at 5:06 pm

    Property Features for 1309 Cape Velero Drive lot 4

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res
    Standard status
    Active
    APN
    4395008003000
    Lot size
    0.55 Acres

    Taxes and HOA fees

    TaxDescription
    S4395 NORTHPOINTE MARINA PHASE III BLK 8 LOT 4 .57 ACRES

    Utilities

    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Glenda Merrell

    Listing agent Glenda Merrell License #0751738

    Listing office Key Allegro Real Estate 1798 Bay Shore, Rockport, TX

    Listing date Nov 21, 2024

    MLS# 451123

    Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Cape Velero

    This 0.55 acre lot is located in Northpointe Marina in Cape Velero, Rockport, TX. The property is less than a block from the boat ramp. The location offers proximity to water, kayaking, and bird watching. The property is zoned for residential use, offering the opportunity to build a home with potential water views from the front or back porch. The subdivision provides a private atmosphere while remaining minutes away from Rockport amenities. The property is identified as lot 4 and is located at 1309 Cape Velero Drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockport
    County
    Aransas
    State
    Texas
    Longitude
    -97.125313
    Latitude
    28.046406

    Nearby Similar for Sale

    • $998,000
      8,175 SF

      Unique Commercial Property with Train Caboose

      8,175 sq ft commercial property with unique train caboose.
      206 Hwy 35 S, ROCKPORT, TX 78382
      View Details
    • $360,000
      3,340 SF

      Versatile Shop on Unrestricted Lots

      Unrestricted Rockport property with shop, office space, and dual access.
      2324 Monkey Road, ROCKPORT, TX 78382
      View Details
    • $498,000
      2,400 SF

      Rockport Retail Space Opportunity

      High-visibility retail space in Rockport, ready for customization.
      904 HWY 35 S, Rockport, TX 78382
      View Details
    • $599,505

      Rockport Commercial Lot For Sale

      Platted commercial lot ready for development in Rockport, Texas.
      2310 FM 3036, ROCKPORT, TX 78382
      View Details
    • $721,635

      Commercial Lot Ready for Development

      Platted commercial lot with utilities, ideal for retail or medical.
      2214 FM 3036, ROCKPORT, TX 78382
      View Details
    • $929,000
      5,310 SF

      Rockport Multifamily Investment Opportunity

      Six-unit residential portfolio in Rockport, TX, near Aransas Bay.
      419 W Concho, ROCKPORT, TX 78382
      View Details
    • $599,000
      5,000 SF

      Spacious Warehouse in Coastal Rockport

      5,000 sqft warehouse with highway access and owner financing.
      916 Fuqua St, ROCKPORT, TX 78382
      View Details
    • $699,000
      5,700 SF

      Spacious Warehouse in Coastal Rockport

      5,700 sqft warehouse with highway access in Rockport, Texas.
      114 W First St, ROCKPORT, TX 78382
      View Details
    • $379,900
      3,990 SF

      Rockport Warehouse with Office Space

      3990 sqft warehouse with office and bathroom in Rockport.
      823 S TERRY ST, ROCKPORT, TX 78382
      View Details
    • $349,000

      Commercial Land in Rockport, TX

      Commercial land with high potential near HEB and Taco Bell.
      1502 Highway 35 N lot: 7, Rockport, TX 78382
      View Details
    • $514,749

      Corner Tract on the Bypass

      Corner tract available with owner financing in Rockport, Texas.
      1739 W Corpus Christi St, ROCKPORT, TX 78382
      View Details
    • $795,000

      Prime Commercial Land in Rockport

      High-traffic location ideal for retail, restaurant, or office development.
      3031 HIGHWAY 35 N, ROCKPORT, TX 78382
      View Details

    FAQs

    What type of property is this?
    Land - 0.55 acre lot near boat ramp in Rockport, TX
    Where is this land located?
    The property is located at 1309 Cape Velero Drive lot 4 Rockport, TX.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Less than a block from the boat ramp for easy access to the water.; 1/2 acre lots in Northpointe Marina.; Right to build with potential water views.
    (361) 229-5206
    We can help!
    Listing Contact
    Glenda Merrell
    Real Estate License ID: 0751738
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!