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    4107 Highway 35 S Rockport, TX 78382

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    For Sale
    $819,900

    MULTI_FAMILY - Rockport, TX

    Property size:
    8,075 SF
    Lot size:
    1.99 Acres
    Price / SF:
    $101/SF
    Added:
    Feb 26, 2025
    Days on Market:
    433
    Last Refresh:
    May 5 at 9:06 pm

    Property Features for 4107 Highway 35 S

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    11
    Bathrooms
    8
    Rooms
    Bathroom 1, Bathroom 6, Bedroom 8, Bedroom 1, Bathroom 8, Bedroom 6, Bedroom 9, Bathroom 2, Bathroom 5, Bedroom 3, Bathroom 3, Bedroom 5, Bathroom 4, Bedroom 7, Bedroom 2, Bathroom 7, Bedroom 4, Bedroom 11, Bedroom 10
    Parking features
    Carport
    Interior features
    HomeOffice, OpenFloorplan, SplitBedrooms, KitchenIsland
    Fireplace
    1
    Appliances
    Dishwasher, ElectricCooktop, ElectricOven, ElectricRange, FreeStandingRange, Disposal, RangeHood
    Standard status
    Active
    APN
    6470002002005
    Size
    8,075 SF
    Lot size
    1.99 Acres

    Taxes and HOA fees

    Tax Description
    WINDSWEPT OAKS #1, BLOCK 2, LOT PT OF 2
    Tax Annual Amount
    10415

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1980
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate, Vinyl, Tile
    Building materials
    Brick, HardiplankType, Stucco
    Roof type
    Shingle

    We can help!

    Listing Contact
    Andrea Gatlin

    Listing agent Andrea Gatlin License #0668934

    Listing office South Coast Real Estate 302 Rosebud, Corpus Christi, TX

    Listing date Feb 26, 2025

    MLS# 455061 Listing URL

    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

    Rockport Multi-Unit Income Property

    This multi-unit property presents an opportunity for rental income in Rockport, situated across from Redfish Bay and Aransas Bay, and minutes from downtown Rockport, Bluewater Rockport Beach Park, and public boat ramps. The property includes a 4-plex with two 2-bedroom/2-bath units, one 2-bedroom/1-bath unit, and one efficiency-style 1-bedroom/1-bath unit. Additionally, there is a 1964 sqft house featuring 3 bedrooms, 2 baths, and an office. Each unit offers a unique layout and ample space. An unfinished 3,750 sqft duplex shell is ready to be constructed into another income-producing unit. The property, just under 2 acres, offers space for further development. The roofs were replaced in 2018, and the property features a well-maintained septic system. The property is suited for those seeking a coastal South Texas lifestyle and has a history of rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockport
    County
    Aransas
    State
    Texas
    Longitude
    -97.098249
    Latitude
    27.969728

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    FAQs

    What type of property is this?
    Apartment building - Income-producing multi-unit property near downtown Rockport.
    Where is this apartment building located?
    The property is located at 4107 Highway 35 S Rockport, TX.
    What is the asking price?
    The asking price for this property is $819,900.
    What are key features of this property?
    This property features: Income‑producing multi‑unit property with established rental history and potential for expansion.; Prime location across from Redfish Bay and Aransas Bay, near downtown Rockport, Bluewater Rockport Beach Park, and boat ramps.; Includes a 4‑plex (two 2/2 units, one 2/1 unit, one 1/1 unit), a 3/2 house with office, and an unfinished 3,750 sqft duplex shell.
    (361) 389-1313
    We can help!
    Listing Contact
    Andrea Gatlin
    Real Estate License ID: 0668934
    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.

    More about this property
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