Fully Leased
2020 N Business Highway 35 Aransas Pass, TX 78336
New
2020 N Business Highway 35, Aransas Pass, TX, 78336
$1,625,000
For Sale
$1,625,000
Office and high-bay warehouse space with drive-thru and multiple roll-up doors, fully leased under long-term terms.
Property Size8,625 SF
Lot Size1.00 Acre
Price / SF$188.41
Days on Market6
Property Features for 2020 N Business Highway 35
General Information
- Standard status
- Active
- Size
- 8,625 SF
- Lot size
- 1.00 Acre
- Property subtype
- Office
Listing agency
(361) 877-2463
Listed by
Matthew Cravey, SIOR, CCIM · License #TX #203443
(361) 877-2463
Source
Craveyrealestate
Added: Jul 17 Updated: Jul 21 at 9:05PM Checked: Jul 22 at 3:12AM
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 Matthew Cravey, SIOR, CCIM
Investment Insights
Based on property information with market context.
This fully leased office/warehouse property includes 3,750 SF of high-bay warehouse space with drive-thru access and roll-up garage doors, plus 3,750 SF of office space featuring multiple private offices, reception, restrooms, a server room, and an open area. An additional 1,125 SF of dedicated storage space includes one dock-high and one ground-level roll-up door. The building sits on a 1-acre lot and is presented as a turnkey, long-term income asset.
The property is located along Business Highway 35, with outside-Aransas Pass positioning. As described, the tenant is responsible for taxes and insurance, CAM, and all utilities under a long-term lease structure.
The lease is stated to run through October 2030 with options to extend, with 3% annual base rent escalations.
The property is located along Business Highway 35, with outside-Aransas Pass positioning. As described, the tenant is responsible for taxes and insurance, CAM, and all utilities under a long-term lease structure.
The lease is stated to run through October 2030 with options to extend, with 3% annual base rent escalations.
Key Highlights
- Fully leased 8,625 SF office/warehouse on a 1‑acre lot along Business Highway 35 in Aransas Pass
- 3,750 SF high‑bay warehouse with drive‑thru access and multiple roll‑up garage doors
- 3,750 SF office area with multiple private offices, reception, restrooms, server room, and open work area
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $204.9k | $23.76 |
| − Vacancy | −$56.2k | −$6.51 |
| EGI | $148.8k | $17.25 |
| − OpEx | −$37.2k | −$4.31 |
| NOI | $111.6k | $12.94 |
8,625 SF · lease $23.76/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.59M
$1.39M – $1.86M
NOI $111,584 @ 7.0% cap · market cap 6.87%
Second Best
Warehouse
$818.2K
$715.9K – $954.5K
NOI $57,272 @ 7.0% cap · market cap 3.52%
Theoretical Best
Hotel Hospitality
$4.42M
$3.87M – $5.16M
NOI $309,724 @ 7.0% cap · market cap 19.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Colliers Engineering
Engineer
Hooked-Up RV
Campground & RV Park
Similar For Sale Nearby
Similar Off Market Nearby
- Sand Castle Kitchen, LLC — 2220 W Wheeler Ave, Aransas Pass, TX 78336
FAQs
What type of property is this?
Flex space - Office and high-bay warehouse space with drive-thru and multiple roll-up doors, fully leased under long-term terms.
Where is this flex space located?
The property is located at 2020 N Business Highway 35 Aransas Pass, TX.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Fully leased 8,625 SF office/warehouse on a 1‑acre lot along Business Highway 35 in Aransas Pass; 3,750 SF high‑bay warehouse with drive‑thru access and multiple roll‑up garage doors; 3,750 SF office area with multiple private offices, reception, restrooms, server room, and open work area
