Metal Warehouse with
For Sale
Contact for pricing
1875 Hwy 35 S, Rockport, TX 78382
Metal warehouse with a dedicated office and fenced outside storage, positioned for drive-through loading and highway exposure.
Property Size3,750 SF
Lot Size1.49 Acres
Price / SF$141.33
Days on Market96
Property Features for 1875 Hwy 35 S
General Information
Standard status
Active
Size
3,750 SF
Lot size
1.49 Acres
Property subtype
INDUSTRIAL
Site & Location
Traffic Count
20,690 vehicles/day
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
3
Listing Agency:
Evtex Companies
Listed By:
Janae Evans
(361) 790-6030
Source:
Moodyscre
Added: Jun 2
Changed: Sep 4
Last Checked: Sep 4 at 4:29PM
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 Evtex Companies
Investment Insights
Based on property information with market context.
This 3,750± SF metal building sits on 1.49 acres and includes approximately 750 SF of office space. The warehouse is served by three overhead doors, with access on both the east and west sides and drive-through capability. Rear access supports storage and deliveries, and the exterior includes fenced outside storage on the east and south sides with room for potential expansion.
The property is a hard corner location with 405+ feet of highway frontage and established continuous operation since 1998. Driveways provide entry from Griffith (north) Street and Bypass (east), and the site benefits from approximately 20,690 cars per day traffic count (2024).
Designed for tenants needing both warehouse space and functional office area, the layout supports deliveries, storage, and day-to-day operations under one roof. The multiple overhead doors and drive-through configuration can help streamline inbound and outbound movements, while the fenced yard area provides a practical staging or storage option for equipment and materials. Rear access further supports logistics for service, distribution, or similar industrial users.
The property is a hard corner location with 405+ feet of highway frontage and established continuous operation since 1998. Driveways provide entry from Griffith (north) Street and Bypass (east), and the site benefits from approximately 20,690 cars per day traffic count (2024).
Designed for tenants needing both warehouse space and functional office area, the layout supports deliveries, storage, and day-to-day operations under one roof. The multiple overhead doors and drive-through configuration can help streamline inbound and outbound movements, while the fenced yard area provides a practical staging or storage option for equipment and materials. Rear access further supports logistics for service, distribution, or similar industrial users.
Key Highlights
- 3,750± SF metal building on 1.49 acres with approximately 750 SF office area
- 405+ feet of highway frontage with an approximately 20,690 cars per day traffic count (2024)
- Three overhead doors on the east and west sides with drive‑through loading capability
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
$34,983
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
6.60%
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%
$699,660
$699.7K
Cap Rate 7%
$499,757
$499.8K
Cap Rate 9%
$388,700
$388.7K
Market Conditions
NOI Build-Up for 3,750 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
$58.5K $15.60/SF
− Vacancy
−$4.7K −$1.25/SF
EGI
$53.8K $14.35/SF
− OpEx
−$18.8K −$5.02/SF
NOI
$35.0K $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 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%
$699,660
Cap Rate 7%
$499,757
Cap Rate 9%
$388,700
Alternative Uses
Best Use
Flex RnD
$499.8K
$437.3K – $583.1K
NOI $34,983 @ 7.0% cap · market cap 6.60%
Second Best
Warehouse
$355.7K
$311.3K – $415.0K
NOI $24,901 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,347 @ 7.0% cap · market cap 18.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
20,690 VPD
Traffic count
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Well-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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Metal warehouse with a dedicated office and fenced outside storage, positioned for drive-through loading and highway exposure.
Where is this warehouse located?
The property is located at 1875 Hwy 35 S Rockport, TX.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 3,750± SF metal building on 1.49 acres with approximately 750 SF office area; 405+ feet of highway frontage with an approximately 20,690 cars per day traffic count (2024); Three overhead doors on the east and west sides with drive‑through loading capability
