Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    229 E Spencer Ave Aransas Pass, TX 78336

    Sponsored
    For Sale
    $699,000

    Other - Aransas Pass, TX

    Property size:
    4,368 SF
    Days on Market:
    10
    Last Refresh:
    Feb 21 at 6:06 am

    Property Features for 229 E Spencer Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Parking features
    Paved or Surfaced
    Size
    4,368 SF

    Utilities

    Heating system
    Heat Pump (Heating)

    Building Details

    Year built
    1945
    Number of units
    5
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    James Balleza

    Key Allegro Real Estate Co. (361) 729-3691

    Listing agent James Balleza (361) 729-3691

    Listing date Feb 12, 2026

    MLS# 150553 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.

    Learn more

    Property Insight Report

    Overview

    Aransas Pass Income-Producing Coastal Cabins

    Located in Aransas Pass, this income-producing property is positioned in the city's growth corridor and offers strong visibility. The property features five fully remodeled coastal cabins, providing immediate cash flow. Each cottage has been renovated with new electrical, plumbing, and individual HVAC systems. Every unit includes an in-unit washer and dryer, dedicated parking, additional off-street parking, and covered parking. Situated directly off the main thoroughfare connecting downtown Aransas Pass to Port Aransas Island, the property offers accessibility and exposure. The unit mix includes one 3-bedroom/1-bath unit and four 2-bedroom/1-bath units, all updated and fully furnished, making it a turnkey investment. While currently rented all bills paid, each cabin is individually metered for water, electricity, and gas, providing operational flexibility. The property size is 4368 square feet. This commercial property is zoned for commercial use and is located in Aransas Pass, TX 78336.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Aransas Pass
    County
    San Patricio
    State
    Texas
    Longitude
    -97.1507121
    Latitude
    27.8989227

    Nearby Similar for Sale

    • $284,860
      3,380 SF

      Aransas Pass Fourplex Investment Opportunity

      Income-producing fourplex with updated units and a single-family residence.
      541 Wilson Ave, Aransas Pass, TX 78336
      View Details
    • $349,900
      Pending

      Three Homes on Large Lot

      Three residential homes on 2.42 acres, ideal for multi-family living.
      2245 Murphy Rd, Aransas Pass, TX 78336
      View Details
    • $284,860
      3,380 SF

      Aransas Pass Income-Producing Multifamily Property

      Income-producing 4-plex with a single-family residence in Aransas Pass.
      541 W Wilson Ave, Aransas Pass, TX 78336
      View Details
    • New
      $93,000
      0.12 Acres

      Land in Southern Oaks Resort

      Landscaped property with RV pad and resort-style amenities.
      26 Augusta Cir, Aransas Pass, TX 78336
      View Details
    • $93,000

      Residential Lot in Southern Oaks

      Landscaped residential lot with RV pad and resort-style amenities.
      26 Augusta Cir, Aransas Pass, TX 78336
      View Details
    • New
      $79,000
      0.09 Acres

      Resort-Style RV Lot in Aransas

      Luxury RV lot with resort amenities near Texas Gulf Coast.
      117 Augusta Cir, Aransas Pass, TX 78336
      View Details
    • $79,000

      Residential Lot in Gated Community

      RV lot with resort-style amenities near the Texas Gulf Coast.
      117 Augusta Cir, Aransas Pass, TX 78336
      View Details
    • $408,000
      2,738 SF

      Renovated Commercial Property Near Harbor

      2,738 SF commercial property in downtown Aransas Pass, TX.
      333 S Commercial St, Aransas Pass, TX 78336
      View Details
    • $144,900
      Pending

      Aransas Pass Duplex Investment

      Spacious duplex in Aransas Pass, Texas, great investment opportunity.
      138 S Houston St, Aransas Pass, TX 78336
      View Details
    • New
      $92,000
      0.11 Acres

      RV Lot in Resort Community

      RV lot with resort amenities and rental potential.
      3 Augusta Cir, Aransas Pass, TX 78336
      View Details
    • $250,000
      4,560 SF

      Aransas Pass Commercial Building

      Commercial building on busy street, suitable for multiple purposes.
      1746 W Wheeler Ave, Aransas Pass, TX 78336
      View Details
    • $92,000

      Residential Lot in Resort Community

      RV lot with resort amenities in Aransas Pass, TX.
      3 Augusta Cir, Aransas Pass, TX 78336
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Remodeled coastal cabins in Aransas Pass, turnkey investment opportunity.
    Where is this short term rental property located?
    The property is located at 229 E Spencer Ave Aransas Pass, TX.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Income-producing property with five fully remodeled coastal cabins.; - Prime location in Aransas Pass growth corridor with high visibility and accessibility.; - Turnkey investment: fully furnished units with immediate cash flow potential.
    (713) 703-0592
    Request Owner's contact information
    229 E Spencer Ave Aransas Pass, TX 78336
    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.
    229 E Spencer Ave
    Aransas Pass, TX 78336
    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
    229 E Spencer Ave Aransas Pass, TX 78336
    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
    James Balleza
    Real Estate License ID: 0688954
    (713) 703-0592 (361) 729-3691 (214) 868-0707
    Learn more
    Google sign-in failed. Please try again or use another login method.