Mobile Home Park with Short-Term Rental
For Sale
$1,299,999
1522-1524 16th Street, Rockport, TX 78382
MULTI_FAMILY - Rockport, TX
Property Size8,997 SF
Lot Size10.00 Acres
Price / SF$144.49
Days on Market399
Property Features for 1522-1524 16th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
23
Bathrooms
18
Full bathrooms
18
Rooms
Bedroom 16, Bathroom 9, Bathroom 14, Bedroom 10, Bathroom 7, Bedroom 4, Bedroom 6, Bedroom 15, Bedroom 14, Bedroom 21, Bathroom 8, Bedroom 18, Bedroom 22, Bathroom 2, Bedroom 8, Bedroom 11, Bedroom 7, Bedroom 20, Bathroom 15, Bathroom 10, Bedroom 5, Bedroom 3, Bathroom 6, Bedroom 19, Bathroom 1, Bedroom 1, Bathroom 11, Bedroom 23, Bathroom 12, Bathroom 13, Bedroom 9, Bathroom 16, Bedroom 2, Bathroom 3, Bedroom 17, Bathroom 5, Bathroom 18, Bedroom 12, Bathroom 4, Bedroom 13, Bathroom 17
Parking features
Assigned
Security features
Security
Patio and Porch features
Patio
Fireplace
1
Appliances
ElectricCooktop, ElectricOven, ElectricRange, Refrigerator
Subdivision
Swickheimer
Lot features
Wooded
Elementary school
Fulton
Middle school
RockportFulton
High school
RockportFulton
Elementary school district
RockportFultonISD
Middle school district
RockportFultonISD
High school district
RockportFultonISD
Directions
From Rockport Business 35. Go East on Sixteenth street and property will be on your left.
Standard status
Active
APN
5925251056002
Size
8,997 SF
Lot size
10.00 Acres
Taxes and HOA fees
Tax Description
SWICKHEIMER, BLOCK 251, LOT 56-A, ACRES 7 & & Swickheimer, BLOCK 251, Lot 56-B, ACRES 3, ADD'N IMPS
Legal Description
SWICKHEIMER, BLOCK 251, LOT 56-A, ACRES 7 & & Swickheimer, BLOCK 251, Lot 56-B, ACRES 3, ADD'N IMPS
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Well
Amenities
screened in swimming pool
owner's shop
Building Details
Year built
1983
Floors in Building
1
Flooring type
Vinyl, Laminate, Tile
Building materials
Brick, HardiplankType
Roof type
Shingle
Additional Structures
Workshop
Listing Agency:
Clark Real Estate Agency
(512) 470-9955
Listed By:
Richard Clark · License #0558014
(512) 470-9955
Added: Jul 9, 2025
Changed: Aug 4
Last Checked: Aug 11 at 9:06PM
MLS# 461783
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.
Mobile home park investment on 10 acres in Rockport includes an eight-unit mobile home park and an on-site furnished short-term rental home. The park features four 2-bedroom/2-bath units and four 3-bedroom/2-bath units, all described as fully leased. Each unit is individually metered for electricity, and the units include appliances including a refrigerator.
Also included is a 1,797-square-foot fully furnished home that is described as being booked regularly for short-term rentals, with frequent bookings in summer and reservations noted for next year. The home includes a screened-in swimming pool and an 800-square-foot owner’s shop. The property also includes at least six acres of vacant land.
Additional site utilities and systems listed include 7 septic systems and 2 wells. The property was built in 1983. Buyer is responsible for due diligence.
Also included is a 1,797-square-foot fully furnished home that is described as being booked regularly for short-term rentals, with frequent bookings in summer and reservations noted for next year. The home includes a screened-in swimming pool and an 800-square-foot owner’s shop. The property also includes at least six acres of vacant land.
Additional site utilities and systems listed include 7 septic systems and 2 wells. The property was built in 1983. Buyer is responsible for due diligence.
Key Highlights
- 10 acres in Rockport includes an eight‑unit mobile home park
- Four 2‑bedroom/2‑bath units and four 3‑bedroom/2‑bath units, all described as fully leased
- Units are individually metered for electricity; appliances include a refrigerator
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
$73,696
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
5.67%
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%
$1,473,920
$1.5M
Cap Rate 7%
$1,052,800
$1.1M
Cap Rate 9%
$818,844
$818.8K
Market Conditions
NOI Build-Up for 8,997 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
$153.3K $17.04/SF
− Vacancy
−$19.3K −$2.15/SF
EGI
$134.0K $14.89/SF
− OpEx
−$60.3K −$6.70/SF
NOI
$73.7K $8.19/SF
Area
Aransas County, TX
Vacancy
12.60%
Lease Rate
$17.04 /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%
$1,473,920
Cap Rate 7%
$1,052,800
Cap Rate 9%
$818,844
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$921.2K – $1.23M
NOI $73,696 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.44M
$3.01M – $4.01M
NOI $240,753 @ 7.0% cap · market cap 18.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
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
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 - 10-acre Rockport mobile home park offers eight fully leased units plus a furnished short-term rental home with pool and shop.
Where is this mobile home & rv park located?
The property is located at 1522-1524 16th Street Rockport, TX.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: 10 acres in Rockport includes an eight‑unit mobile home park; Four 2‑bedroom/2‑bath units and four 3‑bedroom/2‑bath units, all described as fully leased; Units are individually metered for electricity; appliances include a refrigerator
