Retail Building with
New
For Sale
$997,500
1560 W Wheeler Ave, Aransas Pass, TX 78336
A large on-site parking area and two Wheeler Avenue curb cuts provide practical access to the property.
Property Size9,948 SF
Lot Size1.29 Acres
Price / SF$100.27
Days on Market2
Property Features for 1560 W Wheeler Ave
General Information
Standard status
Active
Size
9,948 SF
Total Parking Spaces
45
Lot size
1.29 Acres
Property subtype
Retail
Zoning
GB
Site & Location
Frontage
270 ft
Traffic Count
12,700 vehicles/day
Road Access
Yes
Building Details
Building Size
9,948 SF
Year Built
1950
Buildings
1
Listing Agency:
Cravey Real Estate Services, Inc.
Listed By:
David Heitzman · License #TX #806588
(312) 823-9626
Source:
Craveyrealestate
Added: Oct 16
Last Checked: Oct 16 at 2:23PM
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 Cravey Real Estate Services, Inc.
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Investment Insights
Based on property information with market context.
This 9,948-square-foot retail property occupies approximately 1.29 acres in Aransas Pass. The building was constructed in 1950 and has served as a restaurant, adult day care facility and therapy-related office. A replacement roof was installed in 2018, with a transferable 20-year CertainTeed warranty, and the fascia has been painted. The property is zoned GB (General Business) and sits outside the flood zone.
The site has approximately 270 feet of frontage along W Wheeler Ave (BUS 35), with two curb cuts for ingress and egress. The corridor carries approximately 12,700 vehicles per day, according to TxDOT. Walmart, Lowe’s, Tractor Supply and automotive dealerships are among the businesses along the corridor, with the property south of Walmart.
Approximately 45 parking spaces are provided on site. The building’s history of restaurant, care and office uses documents a range of prior commercial occupancy.
The site has approximately 270 feet of frontage along W Wheeler Ave (BUS 35), with two curb cuts for ingress and egress. The corridor carries approximately 12,700 vehicles per day, according to TxDOT. Walmart, Lowe’s, Tractor Supply and automotive dealerships are among the businesses along the corridor, with the property south of Walmart.
Approximately 45 parking spaces are provided on site. The building’s history of restaurant, care and office uses documents a range of prior commercial occupancy.
Key Highlights
- 9,948 SF building on approximately 1.29 acres
- Approximately 270 feet of frontage on W Wheeler Ave (BUS 35)
- Approximately 45 parking spaces and two curb cuts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,589
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,780
$891.8K
Cap Rate 7%
$636,986
$637.0K
Cap Rate 9%
$495,433
$495.4K
Market Conditions
NOI Build-Up for 9,948 SF
Gross rent
$69.2K $6.96/SF
− Vacancy
−$5.5K −$0.56/SF
EGI
$63.7K $6.40/SF
− OpEx
−$19.1K −$1.92/SF
NOI
$44.6K $4.48/SF
Area
San Patricio County, TX
Vacancy
8.00%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,780
Cap Rate 7%
$636,986
Cap Rate 9%
$495,433
Alternative Uses
Best Use
Retail
$637.0K
$557.4K – $743.2K
NOI $44,589 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$5.10M
$4.47M – $5.95M
NOI $357,233 @ 7.0% cap · market cap 35.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
12,700 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A large on-site parking area and two Wheeler Avenue curb cuts provide practical access to the property.
Where is this retail space located?
The property is located at 1560 W Wheeler Ave Aransas Pass, TX.
What is the asking price?
The asking price for this property is $997,500.
What are key features of this property?
This property features: 9,948 SF building on approximately 1.29 acres; Approximately 270 feet of frontage on W Wheeler Ave (BUS 35); Approximately 45 parking spaces and two curb cuts
