Fully Leased
For Sale
$1,500,000
2020 N Business Highway 35, Aransas Pass, TX 78336
Office and high-bay warehouse space with drive-thru and multiple roll-up doors, fully leased under long-term terms.
Property Size1 SF
Lot Size1.00 Acre
Price / SF$173.91
Days on Market96
Property Features for 2020 N Business Highway 35
General Information
Standard status
Active
Size
1 SF
Lot size
1.00 Acre
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
1
Building Details
Building Size
1 SF
Tenancy
Single
Listed By:
Matthew Cravey, SIOR, CCIM · License #TX #203443
(361) 877-2463
Source:
Craveyrealestate
Added: Jul 17
Changed: Oct 5
Last Checked: Oct 19 at 4:49AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,272
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,145,440
$1.1M
Cap Rate 7%
$818,171
$818.2K
Cap Rate 9%
$636,356
$636.4K
Market Conditions
NOI Build-Up for 8,625 SF
Gross rent
$72.5K $8.40/SF
− Vacancy
−$5.1K −$0.59/SF
EGI
$67.4K $7.81/SF
− OpEx
−$10.1K −$1.17/SF
NOI
$57.3K $6.64/SF
Area
San Patricio County, TX
Vacancy
7.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,145,440
Cap Rate 7%
$818,171
Cap Rate 9%
$636,356
Alternative Uses
Best Use
Warehouse
$818.2K
$715.9K – $954.5K
NOI $57,272 @ 7.0% cap · market cap 3.82%
Second Best
Industrial
$613.7K
$537.0K – $716.0K
NOI $42,959 @ 7.0% cap · market cap 2.86%
Theoretical Best
Hotel Hospitality
$4.42M
$3.87M – $5.16M
NOI $309,724 @ 7.0% cap · market cap 20.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Similar Off Market Nearby
- Sand Castle Kitchen, LLC — 2220 W Wheeler Ave, Aransas Pass, TX 78336
Frequently Asked Questions
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 $1,500,000.
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
