Commercial Land with Warehouse
For Sale
Contact for pricing
2034 Highway 35, Aransas Pass, TX 78336
Commercial tract with existing office and warehouse improvements along Highway 35.
Property Size1,600 SF
Price / SF$311.88
Days on Market163
Property Features for 2034 Highway 35
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Retail, Industrial, Special Purpose
Zoning
C
Investment Type
Value Add
Building Details
Year Built
1994
Buildings
2
Stories
1
Units
2
Tenancy
Single
Listing Agency:
Spears & Company Real Estate
Listed By:
Alexa Wall · License #0843409
(512) 826-0462
Source:
Crexi
Added: May 7
Changed: Oct 8
Last Checked: Oct 14 at 10:47PM
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 Spears & Company Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6-acre commercial land property includes warehouse buildings and an office on site. The improvements were built in 1994, providing an established physical component within the larger tract. The property is zoned C and is currently occupied by UHAUL and an auto business renting the buildings.
Located between Rockport and Portland along Highway 35, the property combines commercial land with existing warehouse and office space. The current tenant presence and established improvements provide concrete operating context for evaluating the site.
Located between Rockport and Portland along Highway 35, the property combines commercial land with existing warehouse and office space. The current tenant presence and established improvements provide concrete operating context for evaluating the site.
Key Highlights
- 6 acres of commercial land
- Warehouse buildings and office space on site
- Zoned C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,700
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,000
$414.0K
Cap Rate 7%
$295,714
$295.7K
Cap Rate 9%
$230,000
$230.0K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$38.0K $23.76/SF
− Vacancy
−$10.4K −$6.51/SF
EGI
$27.6K $17.25/SF
− OpEx
−$6.9K −$4.31/SF
NOI
$20.7K $12.94/SF
Area
San Patricio County, TX
Vacancy
27.40%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,000
Cap Rate 7%
$295,714
Cap Rate 9%
$230,000
Alternative Uses
Best Use
Office B
$295.7K
$258.8K – $345.0K
NOI $20,700 @ 7.0% cap · market cap 4.15%
Second Best
Warehouse
$151.8K
$132.8K – $177.1K
NOI $10,624 @ 7.0% cap · market cap 2.13%
Theoretical Best
Hotel Hospitality
$820.8K
$718.2K – $957.6K
NOI $57,456 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
49
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
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?
Commercial land - Commercial tract with existing office and warehouse improvements along Highway 35.
Where is this commercial land located?
The property is located at 2034 Highway 35 Aransas Pass, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 6 acres of commercial land; Warehouse buildings and office space on site; Zoned C
