22996 State Highway 60 S, Matagorda, TX 77457

Listing Agency: Full Stringer Realty (matagorda) j***@fullstringerrealty.com Show Phone

Listed By: Jody Cassady · License #0548953 Show Phone

Source: Exprealty

Added: Oct 29 Changed: Nov 7 Last Checked: Nov 8 at 6:50AM

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Investment Insights

Based on property information with market context.

This 4,408-square-foot bed and breakfast is configured with eight guest rooms, each featuring an ensuite bath, refrigerator, microwave, and television. The property also includes an on-site café with office space, plus a separate barn for storage. Fireplaces serve both levels of the lodge, and outdoor areas include a wraparound porch, a pavilion, and designated grilling spaces.

The café serves gourmet coffee and tea along with breakfast and lunch. Seating is available on the porch and beneath the pavilion, which also accommodates gatherings. Landscaped grounds and parking for boats and vehicles complete the property’s outdoor features.

Key Highlights

• Eight guest rooms, each with an ensuite bath, refrigerator, microwave, and television
• 4,408‑square‑foot property includes a bed and breakfast and on‑site café
• Café serves coffee, tea, breakfast, and lunch; office space is also included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$63,598

Cap Rate

4.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,271,960 $1.3M

Cap Rate 7%

$908,543 $908.5K

Cap Rate 9%

$706,644 $706.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,408 SF

Gross rent

$89.9K $20.40/SF

− Vacancy

−$5.1K −$1.16/SF

EGI

$84.8K $19.24/SF

− OpEx

−$21.2K −$4.81/SF

NOI

$63.6K $14.43/SF

Area

Matagorda County, TX

Vacancy

5.70%

Lease Rate

$20.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,271,960

Cap Rate 7%

$908,543

Cap Rate 9%

$706,644

Alternative Uses

Best Use

Specialty Retail

$908.5K

$795.0K – $1.06M (±1% cap)

NOI $63,598 @ 7.0% cap · market cap 4.58%

Second Best

Hotel Hospitality

$226.1K

$197.9K – $263.8K (±1% cap)

NOI $15,829 @ 7.0% cap · market cap 1.14%

Theoretical Best

Office A

$1.12M

$980.4K – $1.31M (±1% cap)

NOI $78,432 @ 7.0% cap · market cap 5.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Bed & breakfasts

Location Intelligence

Demographics for 77457, TX

426

Population

818

Households

0.5

Avg Household Size

61

Median Age

18%

College-Educated

87%

High-School Grad

23.5 sq mi

ZIP Area

18

Density / Sq Mi

$271,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Bed & breakfast - Eight guest rooms accompany a café serving coffee, tea, breakfast, and lunch.

Where is this bed & breakfast located?

The property is located at 22996 State Highway 60 S Matagorda, TX.

What is the asking price?

The asking price for this property is $1,390,000.

What are key features of this property?

This property features: Eight guest rooms, each with an ensuite bath, refrigerator, microwave, and television; 4,408‑square‑foot property includes a bed and breakfast and on‑site café; Café serves coffee, tea, breakfast, and lunch; office space is also included