Indoor Shooting Range
For Sale
$485,000
3215 Highway 35 N, Fulton, TX
Concrete commercial facility with six equipped lanes, retail space, office areas, and a classroom for training use.
Property Size3,256 SF
Price / SF$148.96
Days on Market18
Property Features for 3215 Highway 35 N
General Information
Standard status
Active
Size
3,256 SF
Taxes and HOA fees
Annual Taxes
$6,326
Listing Agency:
Homestead & Ranch Real Estate
(512) 393-9996
Listed By:
Traci Phillips · License #0464775
(512) 393-9996
Source:
Exprealty
Added: Jul 25
Changed: Aug 11
Last Checked: Aug 11 at 12:42PM
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 Homestead & Ranch Real Estate
Investment Insights
Based on property information with market context.
This 3,256-square-foot concrete sports and entertainment facility is configured as an indoor shooting range with six fully equipped lanes. Motorized target retrieval systems support lane operations, while a long-range camera system enables target monitoring. The improvements also include a retail showroom, private office, classroom and training area, and bullet-resistant observation windows for customer viewing.
The property is located at 3215 Highway 35 N in Fulton, at the intersection of Highway 35 and Cactus Street. Its corridor is reported to exceed 10,000 vehicles per day, providing direct exposure from a heavily traveled route. The facility is positioned on this side of the Corpus Christi Bridge and includes the operational components associated with its current shooting-range layout.
The property is located at 3215 Highway 35 N in Fulton, at the intersection of Highway 35 and Cactus Street. Its corridor is reported to exceed 10,000 vehicles per day, providing direct exposure from a heavily traveled route. The facility is positioned on this side of the Corpus Christi Bridge and includes the operational components associated with its current shooting-range layout.
Key Highlights
- 3,256‑square‑foot concrete indoor shooting range facility
- Six fully equipped shooting lanes with motorized target retrieval systems
- Long‑range camera system for target monitoring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,538
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$750,760
$750.8K
Cap Rate 7%
$536,257
$536.3K
Cap Rate 9%
$417,089
$417.1K
Market Conditions
NOI Build-Up for 3,256 SF
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.
Gross rent
$58.6K $18.00/SF
− Vacancy
−$5.0K −$1.53/SF
EGI
$53.6K $16.47/SF
− OpEx
−$16.1K −$4.94/SF
NOI
$37.5K $11.53/SF
Area
Aransas County, TX
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$750,760
Cap Rate 7%
$536,257
Cap Rate 9%
$417,089
Alternative Uses
Best Use
Retail
$536.3K
$469.2K – $625.6K
NOI $37,538 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,128 @ 7.0% cap · market cap 17.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
8k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Hotels & Casinos 43%
Speedy Stop
Shops & Services
4,737 visits/mo
0.3 miles
Hampton Inn & Suites Rockport-Fulton
Hotels & Casinos
1,402 visits/mo
0.3 miles
Fairfield Inn & Suites-Rockport
Hotels & Casinos
1,207 visits/mo
0.5 miles
Motel 6
Hotels & Casinos
922 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Sports & entertainment property - Concrete commercial facility with six equipped lanes, retail space, office areas, and a classroom for training use.
Where is this sports & entertainment property located?
The property is located at 3215 Highway 35 N Fulton, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 3,256‑square‑foot concrete indoor shooting range facility; Six fully equipped shooting lanes with motorized target retrieval systems; Long‑range camera system for target monitoring
