RV Resort with Heated
For Sale
$210,000
1100 Port Street Unit 29, Port Aransas, TX 78373
Individual sites offer covered outdoor kitchens, concrete RV pads, and access to resort-style community amenities.
Property Size1,938 SF
Price / SF$108.36
Days on Market168
Property Features for 1100 Port Street Unit 29
General Information
Standard status
Active
Size
1,938 SF
Property subtype
Land / Acreage
Amenities
heated community pool
splash pad
dog park
hammock park
retreat center
WiFi
laundry facility
palapa with outdoor kitchen
Wood
Yes
Clubhouse, Laundry, Pool
Listing Agency:
Coast Properties
(361) 945-3082
Listed By:
Tracey Gaines · License #0500829
(361) 945-3082
Source:
Compass
Added: Mar 17
Changed: Aug 31
Last Checked: Aug 30 at 11:34PM
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 Coast Properties
Investment Insights
Based on property information with market context.
Sailfish RV resort provides dedicated RV sites with 15×12-foot palapas equipped for outdoor use. Each site also includes a 40–50-foot concrete RV pad and space for an additional vehicle. Site improvements include a gas grill, granite-topped kitchen island, mini fridge and freezer, lava rock fire pit, LED lighting, and a ceiling fan.
Community amenities include an oversized heated pool, splash pad, dog park, hammock area, retreat center, WiFi, clubhouse, and complimentary laundry facilities. The resort is a 2-minute walk from Charlie’s Pasture 24-hour fishing pier, with nearby trails and access to town and the beach by golf cart. Water views include ships moving through the channel.
Community amenities include an oversized heated pool, splash pad, dog park, hammock area, retreat center, WiFi, clubhouse, and complimentary laundry facilities. The resort is a 2-minute walk from Charlie’s Pasture 24-hour fishing pier, with nearby trails and access to town and the beach by golf cart. Water views include ships moving through the channel.
Key Highlights
- 15×12‑foot palapa at each RV site with outdoor kitchen features
- 40–50‑foot concrete RV pad plus additional vehicle parking at each site
- Oversized heated community pool and splash 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
$10,438
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
4.97%
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%
$208,760
$208.8K
Cap Rate 7%
$149,114
$149.1K
Cap Rate 9%
$115,978
$116.0K
Market Conditions
NOI Build-Up for 1,938 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
$22.1K $11.40/SF
− Vacancy
−$3.1K −$1.61/SF
EGI
$19.0K $9.79/SF
− OpEx
−$8.5K −$4.41/SF
NOI
$10.4K $5.39/SF
Area
Nueces County, TX
Vacancy
14.10%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
45.00%
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%
$208,760
Cap Rate 7%
$149,114
Cap Rate 9%
$115,978
Alternative Uses
Best Use
Apartment 5plus
$149.1K
$130.5K – $174.0K
NOI $10,438 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.01M
$1.75M – $2.34M
NOI $140,358 @ 7.0% cap · market cap 66.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 78373, TX
3,134
Population
5,614
Households
0.6
Avg Household Size
56
Median Age
38%
College-Educated
95%
High-School Grad
18.8 sq mi
ZIP Area
167
Density / Sq Mi
$90,000
Median Household Income
$52,353
Median Earnings
$2,226
Median Rent
$518,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Individual sites offer covered outdoor kitchens, concrete RV pads, and access to resort-style community amenities.
Where is this mobile home & rv park located?
The property is located at 1100 Port Street Unit 29 Port Aransas, TX.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 15×12‑foot palapa at each RV site with outdoor kitchen features; 40–50‑foot concrete RV pad plus additional vehicle parking at each site; Oversized heated community pool and splash pad
