Fenced Retail
For Sale
$229,900
108 N Hood St, Rockport, TX 78382
Commercially zoned retail space with a fully enclosed outdoor area and flexible commercial use potential.
Property Size625 SF
Price / SF$367.84
Days on Market123
Property Features for 108 N Hood St
General Information
Standard status
Active
Size
625 SF
Listing Agency:
RE/MAX Security Real Estate
(281) 381-2233
Listed By:
Terry Socia · License #0409225
(281) 381-2233
Source:
Exprealty
Added: May 2
Changed: Aug 30
Last Checked: Aug 31 at 8:01PM
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 RE/MAX Security Real Estate
Investment Insights
Based on property information with market context.
This retail space is located at 108 N Hood St in Rockport, Texas, within a commercially zoned setting. The property includes a fully enclosed perimeter secured by 6-foot Cyclone fencing, providing a defined outdoor area alongside the building.
Constructed in 1955, the property has been presented for several possible commercial applications, including salon, plant nursery, pet care, and adult or child day care uses. Its existing fencing and commercial zoning support consideration of uses requiring controlled outdoor space.
Constructed in 1955, the property has been presented for several possible commercial applications, including salon, plant nursery, pet care, and adult or child day care uses. Its existing fencing and commercial zoning support consideration of uses requiring controlled outdoor space.
Key Highlights
- Commercial zoning
- 6‑foot Cyclone fencing encloses the property
- Located at 108 N Hood St, Rockport, TX 78382
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
$7,206
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
3.13%
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%
$144,120
$144.1K
Cap Rate 7%
$102,943
$102.9K
Cap Rate 9%
$80,067
$80.1K
Market Conditions
NOI Build-Up for 625 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
$11.3K $18.00/SF
− Vacancy
−$956 −$1.53/SF
EGI
$10.3K $16.47/SF
− OpEx
−$3.1K −$4.94/SF
NOI
$7.2K $11.53/SF
Area
Aransas County, TX
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$144,120
Cap Rate 7%
$102,943
Cap Rate 9%
$80,067
Alternative Uses
Best Use
Retail
$102.9K
$90.1K – $120.1K
NOI $7,206 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$238.9K
$209.1K – $278.8K
NOI $16,725 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
4,437 visits/mo
0.5 miles
Stripes
Shops & Services
1,973 visits/mo
0.4 miles
Demographics for 78382, TX
19,432
Population
13,048
Households
1.5
Avg Household Size
53
Median Age
30%
College-Educated
92%
High-School Grad
79.9 sq mi
ZIP Area
243
Density / Sq Mi
$63,434
Median Household Income
$38,741
Median Earnings
$1,147
Median Rent
$238,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Commercially zoned retail space with a fully enclosed outdoor area and flexible commercial use potential.
Where is this retail space located?
The property is located at 108 N Hood St Rockport, TX.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Commercial zoning; 6‑foot Cyclone fencing encloses the property; Located at 108 N Hood St, Rockport, TX 78382
