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    Unique Commercial Property with Train Caboose Title is generated by Realmo AI

    206 Hwy 35 S, Rockport, TX 78382

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    For Sale
    $998,000

    Warehouse - ROCKPORT, TX

    Type:Warehouse
    Property size:
    8,175 SF
    Price / SF:
    $122/SF
    Added:
    Mar 27, 2026
    Days on Market:
    49
    Last Refresh:
    May 14 at 10:06 pm

    Property Features for 206 Hwy 35 S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Warehouse
    Zoning
    Commercial/Residential
    Exterior features
    Fencing, Outside Storage
    Fencing
    Fenced
    Standard status
    Active
    Size
    8,175 SF

    Building Details

    Year built
    1982
    Number of units
    1
    Building materials
    Block
    Roof type
    Composition, Metal
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Brianna Myers

    Listing agent Brianna Myers

    Listing office KELLER WILLIAMS COASTAL BEND ROCKPORT 1005 Hwy 35 North, Rockport, TX

    Listing date Mar 27, 2026

    MLS# 147650 Listing URL

    Copyright © 2026 Rockport Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location on Hwy 35 in Rockport with exceptional visibility in a high‑traffic commercial corridor.
    • 8,175 sq. ft. property with flexible space suitable for business expansion, investment, or redevelopment.
    • Unique feature: Real train caboose on tracks with 1,200 sq. ft. attached structure and restrooms.
    • 4,950 sq. ft. main metal building with 3‑phase 220V power and five overhead doors, also features an air‑conditioned office with loft.
    • Separate 1,500 sq. ft. office/break room building with air‑conditioned area, kitchen/lounge, offices, full bathroom, and 500 sq. ft. workshop.
    • Existing tenant may remain for immediate income potential.

    Overview

    Located on Hwy 35 in Rockport, this 8,175 sq. ft. commercial property offers visibility and flexible space. The property includes a 4,950 sq. ft. main metal building equipped with 3-phase 220V power, five overhead doors, two restrooms, and an air-conditioned office featuring a loft and a large storage room. An additional 525 sq. ft. cinderblock addition is connected directly to the warehouse, providing extra workspace. A separate 1,500 sq. ft. office and break room building includes 1,000 sq. ft. of air-conditioned space with a kitchen/lounge, two private offices, and a full bathroom with washer/dryer hookups, plus a 500 sq. ft. workshop with single-phase 220V service. A train caboose is positioned on tracks, improved with a 1,200 sq. ft. attached structure including two restrooms and single-phase 220V service. The property is located in Rockport's commercial corridor and offers possibilities for business expansion, investment, or redevelopment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    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.

    Similar Places Nearby

    • Safeguard Mini Storage - Rockport — 2429 TX-35 BUS, Rockport, TX 78382

    Location Insight

    • Map
    • Local Demand
    City
    Rockport
    County
    Aransas
    State
    Texas
    Longitude
    -97.0574374
    Latitude
    28.0261428

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    FAQs

    What type of property is this?
    Warehouse - 8,175 sq ft commercial property with unique train caboose.
    Where is this warehouse located?
    The property is located at 206 Hwy 35 S Rockport, TX.
    What is the asking price?
    The asking price for this property is $998,000.
    What are key features of this property?
    This property features: Prime location on Hwy 35 in Rockport with exceptional visibility in a high‑traffic commercial corridor.; 8,175 sq. ft. property with flexible space suitable for business expansion, investment, or redevelopment.; Unique feature: Real train caboose on tracks with 1,200 sq. ft. attached structure and restrooms.
    (936) 671-2671
    We can help!
    Listing Contact
    Brianna Myers
    Real Estate License ID: 0744446
    Learn More
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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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