RV Resort with Heated
For Sale
$239,000
1100 Port Street Unit 27, Port Aransas, TX 78373
Recreational vehicle resort with private outdoor kitchens, shared amenities, and convenient access to fishing, trails, and the beach.
Property Size1,938 SF
Price / SF$123.32
Days on Market838
Property Features for 1100 Port Street Unit 27
General Information
Standard status
Active
Size
1,938 SF
Property subtype
Land / Acreage
Amenities
oversized heated community pool
splash pad
dog park
hammock park
spacious retreat center
WiFi
complimentary laundry facility
palapa with outdoor kitchen
gas grill
granite countertops
mini fridge and freezer
lava rock fire pit
LED lights
ceiling fan
Wood
Yes
Cabana, Clubhouse, Laundry, Pool
Listing Agency:
Coast Properties
Listed By:
Tracey Gaines · License #0500829
(361) 945-3082
Source:
Compass
Added: May 19, 2024
Changed: Sep 2
Last Checked: Sep 1 at 11:58PM
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 includes individual recreational vehicle sites with 15×12-foot palapas and 40–50-foot concrete pads for RV placement, along with space for an additional vehicle. Each palapa has an outdoor kitchen equipped with a gas grill, granite countertops, mini fridge and freezer, lava rock fire pit, LED lighting, and a ceiling fan.
Shared amenities include an oversized heated community pool, splash pad, dog park, hammock park, retreat center, WiFi, and complimentary laundry facilities. The resort is located at 1100 Port Street, Unit 27, in Port Aransas, with channel views and a 2-minute walk to Charlie’s Pasture 24-hour fishing pier. Nearby trails, the town, and the beach are accessible by walking, biking, or golf cart.
Shared amenities include an oversized heated community pool, splash pad, dog park, hammock park, retreat center, WiFi, and complimentary laundry facilities. The resort is located at 1100 Port Street, Unit 27, in Port Aransas, with channel views and a 2-minute walk to Charlie’s Pasture 24-hour fishing pier. Nearby trails, the town, and the beach are accessible by walking, biking, or golf cart.
Key Highlights
- Individual RV sites include 15×12‑foot palapas with outdoor kitchens
- 40–50‑foot concrete RV pads plus additional vehicle parking
- 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
4.37%
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 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.01M
$1.75M – $2.34M
NOI $140,358 @ 7.0% cap · market cap 58.73%
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 - Recreational vehicle resort with private outdoor kitchens, shared amenities, and convenient access to fishing, trails, and the beach.
Where is this mobile home & rv park located?
The property is located at 1100 Port Street Unit 27 Port Aransas, TX.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Individual RV sites include 15×12‑foot palapas with outdoor kitchens; 40–50‑foot concrete RV pads plus additional vehicle parking; Oversized heated community pool and splash pad
