Multi-Building Flex Space
For Sale
$1,600,000
1125 W Market Street, Rockport, TX 78382
Five-building commercial property with leased, owner-occupied, and storage components along Market Street and Oak Avenue.
Property Size9,728 SF
Lot Size1.00 Acre
Price / SF$164.47
Days on Market144
Property Features for 1125 W Market Street
General Information
Standard status
Active
Size
9,728 SF
Lot size
1.00 Acre
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
2015
Buildings
5
Construction
steel
Listing Agency:
Kuper Sotheby's Intl Realty
Listed By:
Kathy Tullis · License #0513900
(361) 386-0572
Source:
Phyllisbrowning
Added: May 27
Changed: Oct 16
Last Checked: Oct 16 at 9:14AM
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 Kuper Sotheby's Intl Realty
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Investment Insights
Based on property information with market context.
This flex space property comprises five red steel metal buildings with a mix of offices, restrooms, warehouse areas, storage bays, and open workspace. The improvements support multiple commercial configurations, including leased business space, an owner-occupied building, and storage facilities. Current occupants include businesses operating from Buildings A and B, while Building E has a leased storage bay. Building C is used by the owner and includes an office, restroom, and open layout. Building D contains three storage bays used by the owner.
The corner property offers approximately 200 feet of frontage on Market Street, 125 feet along Oak Avenue, and two entrances. Located at 1125 W Market St in Rockport, Texas, the site provides direct access from both streets. The existing configuration combines operating commercial space with owner-use areas and additional storage capacity.
The corner property offers approximately 200 feet of frontage on Market Street, 125 feet along Oak Avenue, and two entrances. Located at 1125 W Market St in Rockport, Texas, the site provides direct access from both streets. The existing configuration combines operating commercial space with owner-use areas and additional storage capacity.
Key Highlights
- Five red steel metal buildings on approximately 1 acre
- Approximately 200 feet of frontage on Market Street
- Approximately 125 feet along Oak Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,751
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,020
$1.8M
Cap Rate 7%
$1,296,443
$1.3M
Cap Rate 9%
$1,008,344
$1.0M
Market Conditions
NOI Build-Up for 9,728 SF
Gross rent
$151.8K $15.60/SF
− Vacancy
−$12.1K −$1.25/SF
EGI
$139.6K $14.35/SF
− OpEx
−$48.9K −$5.02/SF
NOI
$90.8K $9.33/SF
Area
Aransas County, TX
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,020
Cap Rate 7%
$1,296,443
Cap Rate 9%
$1,008,344
Alternative Uses
Best Use
Flex RnD
$1.30M
$1.13M – $1.51M
NOI $90,751 @ 7.0% cap · market cap 5.67%
Second Best
Industrial
$922.8K
$807.5K – $1.08M
NOI $64,596 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$3.72M
$3.25M – $4.34M
NOI $260,314 @ 7.0% cap · market cap 16.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Five-building commercial property with leased, owner-occupied, and storage components along Market Street and Oak Avenue.
Where is this flex space located?
The property is located at 1125 W Market Street Rockport, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Five red steel metal buildings on approximately 1 acre; Approximately 200 feet of frontage on Market Street; Approximately 125 feet along Oak Avenue
