Flex Space with Three-Bay
For Sale
$240,000
1050 Lee Rd Aransas, Aransas Pass, TX 78336
Versatile county property with a metal building, utility improvements, and outdoor space for storage or other commercial uses.
Property Size1,400 SF
Lot Size0.46 Acres
Price / SF$171.43
Days on Market102
Property Features for 1050 Lee Rd Aransas
General Information
Standard status
Active
Size
1,400 SF
Lot size
0.46 Acres
Property subtype
Unimproved Land
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Amenities
50 AMP RV hook up
20x45 concrete pad
water well
septic
native Live Oak trees
green belt/buffer zone
Electricity Available
Building Details
Buildings
1
Building Size
1,400 SF
Construction
metal building
Listing Agency:
Keller Williams Coastal Bend
(361) 463-1308
Listed By:
Shelly Schubert-Steckler · License #665566
(361) 463-1308
Source:
Kw
Added: May 21
Changed: Aug 28
Last Checked: Aug 29 at 5:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Coastal Bend
Investment Insights
Based on property information with market context.
This flex-space property occupies .46 acres and includes a 1,400 SQFT metal building configured with 3 bay doors. The site also has a 50 AMP RV hook up, a 20x45 concrete pad, water well, septic system, and electricity available. A partially fenced yard with native Live Oak trees provides shaded outdoor area and separation from surrounding property.
The existing improvements support a range of uses identified for the property, including business operations, boat storage, RV parking, and a fish camp. The grounds also offer room for additional RV sites, a manufactured home, a tiny home, or a house. Located at 1050 Lee Rd in Aransas Pass, Texas, the property combines a compact industrial-style building with practical site improvements and open yard area.
The existing improvements support a range of uses identified for the property, including business operations, boat storage, RV parking, and a fish camp. The grounds also offer room for additional RV sites, a manufactured home, a tiny home, or a house. Located at 1050 Lee Rd in Aransas Pass, Texas, the property combines a compact industrial-style building with practical site improvements and open yard area.
Key Highlights
- 1,400 SQFT metal building with 3 bay doors
- .46‑acre property with partially fenced yard
- 50 AMP RV hook up and 20x45 concrete pad
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
3.87%
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 3.87%
Second Best
Industrial
$99.6K
$87.2K – $116.2K
NOI $6,973 @ 7.0% cap · market cap 2.91%
Theoretical Best
Hotel Hospitality
$718.2K
$628.4K – $837.9K
NOI $50,274 @ 7.0% cap · market cap 20.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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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 - Versatile county property with a metal building, utility improvements, and outdoor space for storage or other commercial uses.
Where is this flex space located?
The property is located at 1050 Lee Rd Aransas Aransas Pass, TX.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1,400 SQFT metal building with 3 bay doors; .46‑acre property with partially fenced yard; 50 AMP RV hook up and 20x45 concrete pad
