Automotive Shop with Office
New
For Sale
$550,000
1354 W Wheeler, Aransas Pass, TX 78336
COMMERCIAL - Aransas Pass, TX
Property Size3,200 SF
Lot Size0.42 Acres
Price / SF$171.88
Days on Market1
Property Features for 1354 W Wheeler
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Garage, Off Street, Assigned
Subdivision
0401
Lot features
Corner Lot
Standard status
Active
APN
1038098
Size
3,200 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Description
BBB&C RAILROAD CO 0.418 AC OUT OF ABST 85 PATENT 473 (0.4178 ACRES)
Legal Description
BBB&C RAILROAD CO 0.418 AC OUT OF ABST 85 PATENT 473 (0.4178 ACRES)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Natural Gas
Water source
Public
Building Details
Year built
1972
Floors in Building
1
Listing Agency:
Vaden MacLeod Real Estate
(361) 523-1494
Listed By:
Zaira Sansom · License #0740795
(361) 230-3028
Added: Aug 12
Last Checked: Aug 12 at 6:06PM
MLS# 480781
Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This automotive shop at 1354 W Wheeler in Aransas Pass includes 3,200 square feet of improvements on a 0.42-acre lot. The property contains shop and work areas, office space, storage, and parking serving customers and vehicles. The lot also provides additional outdoor area for equipment and business operations.
Constructed in 1972, the property is served by public water and public sewer. Heating includes electric, central, and natural gas systems. Parking features include garage, off-street, and assigned parking.
Constructed in 1972, the property is served by public water and public sewer. Heating includes electric, central, and natural gas systems. Parking features include garage, off-street, and assigned parking.
Key Highlights
- 3,200‑square‑foot automotive shop on a 0.42‑acre lot
- Shop and work areas with office space and storage
- Parking includes garage, off‑street, and assigned spaces
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
$15,938
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
2.90%
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%
$318,760
$318.8K
Cap Rate 7%
$227,686
$227.7K
Cap Rate 9%
$177,089
$177.1K
Market Conditions
NOI Build-Up for 3,200 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
$25.7K $8.04/SF
− Vacancy
−$3.0K −$0.92/SF
EGI
$22.8K $7.12/SF
− OpEx
−$6.8K −$2.13/SF
NOI
$15.9K $4.98/SF
Area
San Patricio County, TX
Vacancy
11.50%
Lease Rate
$8.04 /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%
$318,760
Cap Rate 7%
$227,686
Cap Rate 9%
$177,089
Alternative Uses
Best Use
Industrial
$227.7K
$199.2K – $265.6K
NOI $15,938 @ 7.0% cap · market cap 2.90%
Second Best
Retail
$204.9K
$179.3K – $239.1K
NOI $14,343 @ 7.0% cap · market cap 2.61%
Theoretical Best
Hotel Hospitality
$1.64M
$1.44M – $1.92M
NOI $114,912 @ 7.0% cap · market cap 20.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
454
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property featuring dedicated work areas, storage, office space, and parking for customers and vehicles.
Where is this auto shop located?
The property is located at 1354 W Wheeler Aransas Pass, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,200‑square‑foot automotive shop on a 0.42‑acre lot; Shop and work areas with office space and storage; Parking includes garage, off‑street, and assigned spaces
