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    Residential Lot in Meraki Beach Title is generated by Realmo AI

    6502 Villa Soria Drive lot 3, Port Aransas, TX 78373

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    Claim this Listing
    For Sale
    $175,000

    LAND - Port Aransas, TX

    Lot size:
    0.13 Acres
    Added:
    Aug 30, 2023
    Days on Market:
    989
    Last Refresh:
    May 13 at 11:06 pm

    Property Features for 6502 Villa Soria Drive lot 3

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    698100040030
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Description
    PORTO VILLAGEO LT 3 BLK 4

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Wayne Williams
    Wayne Williams

    Listing agent Wayne Williams License #0650666

    Listing office Whitten Real Estate, Inc. 136 Cut Off Rd, Port Aransas, TX

    Listing date Aug 30, 2023

    MLS# 426171 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.

    HighLights

    • Beachfront community with private boardwalk access to the Gulf of Mexico.
    • Centrally located between Port Aransas and Corpus Christi.
    • Short term rentals allowed (3‑day minimum).
    • Option to build a guest cottage (up to 750 sq ft).
    • Community pool available.
    • Public water and sewer connections.

    Overview

    This affordable lot is located in the master-planned beachfront community of Meraki Beach, situated centrally between the city of Port Aransas and Corpus Christi. The property provides access to the Gulf of Mexico via a private boardwalk. A community pool is located by the boardwalk. The lot offers space to build a private pool. Construction requirements include a minimum of 1,500 square feet for the main residence, along with a 2-car garage. A guest cottage of up to 750 square feet is also permitted. The roof must be tile or slate, and the home's architectural style must be Mediterranean. Short-term rentals are allowed in this neighborhood with a 3-day minimum stay, making it suitable for either an investment property or a primary home. Deed restrictions are in place to protect property values. The lot size is 0.13 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Port Aransas
    County
    Nueces
    State
    Texas
    Longitude
    -97.131554
    Latitude
    27.738359

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    FAQs

    What type of property is this?
    Residential land & home lot - Affordable lot in beachfront community, close to Port Aransas.
    Where is this residential land & home lot located?
    The property is located at 6502 Villa Soria Drive lot 3 Port Aransas, TX.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Beachfront community with private boardwalk access to the Gulf of Mexico.; Centrally located between Port Aransas and Corpus Christi.; Short term rentals allowed (3‑day minimum).
    (806) 690-6000
    We can help!
    Listing Contact
    Wayne Williams
    Wayne Williams
    Real Estate License ID: 0650666
    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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