Flex Space with 3 Bay
For Sale
$235,000
1050 LEE RD, Aransas Pass, TX 78336
Commercial Sale, Aransas Pass, TX
Property Size1,400 SF
Lot Size0.46 Acres
Price / SF$167.86
Days on Market184
Property Features for 1050 LEE RD
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
County
Subdivision
Burton & Danforth
Elementary school district
RFISD
Middle school district
RFISD
High school district
RFISD
Standard status
Active
Size
1,400 SF
Lot size
0.46 Acres
Building Details
Year built
2021
Floors in Building
1
Number of units
1
Listing Agency:
KELLER WILLIAMS COASTAL BEND ROCKPORT · Keller Williams Realty
(361) 790-9494
Listed By:
Shelly Schubert-Steckler · License #665566
(361) 463-1308
Added: Apr 3
Changed: Sep 22
Last Checked: Oct 3 at 3:06AM
MLS# 154944
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.
Investment Insights
Based on property information with market context.
This County-zoned flex property occupies 0.46 acres and includes a 1,400-square-foot metal building constructed in 2021. The building has three bay doors, while the site also provides a 50 AMP RV hookup and a 20-by-45-foot concrete pad. A water well and septic system are already in place, supporting the property's existing utility setup.
The partially fenced grounds include native Live Oak trees and a green belt that provides separation from surrounding areas. Located at 1050 Lee Road in Aransas Pass, the property offers a combination of enclosed flex space, outdoor surface area, and established site improvements. The county designation and existing layout provide a practical setting for a range of commercial or storage-oriented uses, subject to applicable approvals.
The partially fenced grounds include native Live Oak trees and a green belt that provides separation from surrounding areas. Located at 1050 Lee Road in Aransas Pass, the property offers a combination of enclosed flex space, outdoor surface area, and established site improvements. The county designation and existing layout provide a practical setting for a range of commercial or storage-oriented uses, subject to applicable approvals.
Key Highlights
- 0.46‑acre County‑zoned property
- 1,400 SQFT metal building constructed in 2021
- 3 bay doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,296
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$185,920
$185.9K
Cap Rate 7%
$132,800
$132.8K
Cap Rate 9%
$103,289
$103.3K
Market Conditions
NOI Build-Up for 1,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$11.8K $8.40/SF
− Vacancy
−$823 −$0.59/SF
EGI
$10.9K $7.81/SF
− OpEx
−$1.6K −$1.17/SF
NOI
$9.3K $6.64/SF
Area
San Patricio County, TX
Vacancy
7.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$185,920
Cap Rate 7%
$132,800
Cap Rate 9%
$103,289
Alternative Uses
Best Use
Warehouse
$132.8K
$116.2K – $154.9K
NOI $9,296 @ 7.0% cap · market cap 3.96%
Second Best
Industrial
$99.6K
$87.2K – $116.2K
NOI $6,973 @ 7.0% cap · market cap 2.97%
Theoretical Best
Hotel Hospitality
$718.2K
$628.4K – $837.9K
NOI $50,274 @ 7.0% cap · market cap 21.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78336, TX
12,009
Population
6,577
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
87%
High-School Grad
60.0 sq mi
ZIP Area
200
Density / Sq Mi
$58,536
Median Household Income
$37,297
Median Earnings
$1,182
Median Rent
$204,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Travelin' Tom's of San Patricio & Aransas County — 1941 Hill St, Aransas Pass, TX 78336
Frequently Asked Questions
What type of property is this?
Flex space - County-zoned flex property with a metal building, water well, septic system, and partially fenced grounds.
Where is this flex space located?
The property is located at 1050 LEE RD Aransas Pass, TX.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 0.46‑acre County‑zoned property; 1,400 SQFT metal building constructed in 2021; 3 bay doors
