Leased Office Units Near
For Sale
$429,000
200 Highway 35 N, Rockport, TX 78382
CommercialSale, Rockport, TX
Property Size2,112 SF
Lot Size0.18 Acres
Price / SF$203.13
Days on Market73
Property Features for 200 Highway 35 N
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
Smith and Wood
Lot features
Interior Lot
Directions
Corner of Hwy 35 N & N Church St
Standard status
Active
APN
32551
Size
2,112 SF
Lot size
0.18 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Tax Description
SMITH AND WOOD, BLOCK 26, LOT 9 & 10
Legal Description
SMITH AND WOOD, BLOCK 26, LOT 9 & 10
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1975
Floors in Building
1
Listing Agency:
LUCE PROPERTIES
(361) 729-9161
Listed By:
Dayne Luce · License #0431648
(361) 779-5829
Added: Aug 19
Changed: Oct 27
Last Checked: Oct 30 at 6:06PM
MLS# 482312
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.
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Investment Insights
Based on property information with market context.
This office property contains 2,112 square feet within a 0.1822-acre site. Both sides are currently leased, and the interiors were renovated in 2018 and 2019 before the tenants moved in. The building was constructed in 1975 and is served by central air conditioning, central heating, electric heating, public water, and public sewer.
Positioned along Highway 35 in Rockport, the property has road frontage and is located a few blocks from the waterfront. Downtown Rockport, the courthouse, Rockport Beach, and surrounding businesses are also nearby. Its two-sided configuration and established occupancy provide a straightforward commercial ownership profile.
Positioned along Highway 35 in Rockport, the property has road frontage and is located a few blocks from the waterfront. Downtown Rockport, the courthouse, Rockport Beach, and surrounding businesses are also nearby. Its two-sided configuration and established occupancy provide a straightforward commercial ownership profile.
Key Highlights
- 2,112 square feet on a 0.1822‑acre site
- Both sides currently leased
- Interior renovations completed in 2018 and 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,098
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,960
$602.0K
Cap Rate 7%
$429,971
$430.0K
Cap Rate 9%
$334,422
$334.4K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$47.1K $22.32/SF
− Vacancy
−$7.0K −$3.32/SF
EGI
$40.1K $19.00/SF
− OpEx
−$10.0K −$4.75/SF
NOI
$30.1K $14.25/SF
Area
Aransas County, TX
Vacancy
14.87%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,960
Cap Rate 7%
$429,971
Cap Rate 9%
$334,422
Alternative Uses
Best Use
Office B
$430.0K
$376.2K – $501.6K
NOI $30,098 @ 7.0% cap · market cap 7.02%
Second Best
Retail
$347.8K
$304.4K – $405.8K
NOI $24,349 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$807.4K
$706.5K – $941.9K
NOI $56,516 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
418
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two-sided office property with highway frontage, public utilities, and access to downtown Rockport and nearby commercial destinations.
Where is this office unit located?
The property is located at 200 Highway 35 N Rockport, TX.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 2,112 square feet on a 0.1822‑acre site; Both sides currently leased; Interior renovations completed in 2018 and 2019
