Sign Up Successful!
You now have access to more from Realmo!
    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

    1806 Highway 35 N Rockport, TX 78382

    Sponsored
    For Sale
    $9,750,000

    COMMERCIAL - Rockport, TX

    Property size:
    30,824 SF
    Lot size:
    1.69 Acres
    Days on Market:
    59
    Last Refresh:
    Feb 6 at 2:06 am

    Property Features for 1806 Highway 35 N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    APN
    34900
    Parking features
    Assigned
    Exterior features
    Landscaping, Storage
    Size
    30,824 SF
    Lot size
    1.69 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1971
    Floors in Building
    2
    Number of units
    24
    Roof type
    Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Doug Nichols

    Coldwell Banker Pacesetter Steel Realtors (361) 992-9231

    Listing agent Doug Nichols (361) 739-2251 License #0747730

    Listing date Dec 10, 2025

    MLS# 466124

    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.

    Learn more

    Property Insight Report

    Overview

    Reimagined Condo Complex Investment Opportunity

    Little Bay Landing is a 24-unit condo complex located along Highway 35 N in Rockport. The property has been renovated from the studs, including HVAC, electrical, plumbing, windows, doors, and siding. The complex includes four 3-bedroom / 2.5-bath units and twenty 2-bedroom / 1.5-bath units, totaling 56 bedrooms and approximately 30,824 square feet of livable space. Each unit is individually metered and features a full kitchen, living room, dining area, laundry room, storage space, and a private outdoor patio. The property's centerpiece is a resort-style heated pool and pool house. Additional features include a complete security system and ample parking. The property has 284 feet of highway frontage in a location near HEB, Walmart, the new Starbucks, and local restaurants and attractions. The property is suited for short- or long-term rentals. The complex has a professional online presence with a dedicated website, active social media platforms, and a digital marketing team. The property sits on a 1.69-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockport
    County
    Aransas
    State
    Texas
    Longitude
    -97.042354
    Latitude
    28.044157

    Nearby Similar for Sale

    • $410,000
      2,400 SF

      Rockport Fourplex Near Amenities

      Fourplex in Rockport, TX, near shops, restaurants, and beaches.
      1401 E Alamito St, Rockport, TX 78382
      View Details
    • $2,650,000
      5,114 SF

      Waterfront Estate with Modern Luxury

      Coastal retreat on Copano Bay with restored cottages.
      6031 Other, Rockport, TX 78382
      View Details
    • $675,000
      1,050 SF

      Income-Producing Property in Rockport, TX

      Commercial investment property with rental income and expansion potential.
      2328 Chaparral, Rockport, TX 78382
      View Details
    • $1,425,000
      8,997 SF

      Rockport Income-Producing Property For Sale

      10-acre Rockport property with mobile home park and rental home.
      1522-1524 16Th St, Rockport, TX 78382
      View Details
    • New
      $159,999
      0.17 Acres

      Rockport Fishing Camp Retreat

      Fully fenced lot with RV hookups and fish cleaning station.
      118&119 Donnie Dr, Rockport, TX 78382
      View Details
    • $675,000
      1,050 SF

      Income-Producing Property with Expansion Potential

      Commercial investment property with cabins, RV pads, and expansion space.
      2328 Chaparral, Rockport, TX 78382
      View Details
    • $340,000
      1,933 SF

      Rockport Investment Property: Three Cottages

      Investment opportunity in Rockport: three cottages near downtown.
      402 E Nopal St, Rockport, TX 78382
      View Details
    • $340,000
      1,933 SF

      Rockport Investment Property: Three Cottages

      Investment opportunity: three cottages near Rockport's attractions, suitable for rentals.
      402 E Nopal St, Rockport, TX 78382
      View Details
    • $521,500
      1,008 SF

      Rockport Income-Generating Single-Family Package

      Three income-producing units on 4 acres near Rockport, Texas.
      1201 Weeping Willow, Rockport, TX 78382
      View Details
    • New
      $259,000
      692 SF

      RV/Mobile Home Park Opportunity

      RV park with business potential in Rockport, Texas.
      2118 Market St, Rockport, TX 78382
      View Details
    • $1,195,000
      8,175 SF

      Rockport Commercial Property with Train Caboose

      8,175 sq ft commercial property with unique train caboose.
      206 Highway 35 S, Rockport, TX 78382
      View Details
    • $1,195,000
      8,175 SF

      Unique Rockport Warehouse with Caboose

      8,175 SF commercial property with warehouse, office, and train caboose.
      206 Highway 35 S, Rockport, TX 78382
      View Details

    FAQs

    What type of property is this?
    Apartment building - Turnkey 24-unit condo complex near Rockport attractions.
    Where is this apartment building located?
    The property is located at 1806 Highway 35 N Rockport, TX.
    What is the asking price?
    The asking price for this property is $9,750,000.
    What are key features of this property?
    This property features: - Fully renovated complex minimizing future capital expenditures.; - Resort-style **heated pool and pool house** for year-round enjoyment.; - Prime location on Highway 35 N, near HEB, Walmart, Starbucks, and local attractions.
    (361) 739-2251
    Request Owner's contact information
    1806 Highway 35 N Rockport, TX 78382
    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.
    1806 Highway 35 N
    Rockport, TX 78382
    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
    1806 Highway 35 N Rockport, TX 78382
    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

    We can help!
    Listing Contact
    Doug Nichols
    Real Estate License ID: 0747730
    (361) 739-2251
    Learn more
    Google sign-in failed. Please try again or use another login method.