Multi-Tenant Storefront
For Sale
$650,000
361 S Commercial, Aransas Pass, TX 78336
Corner retail building with multiple suites, shared restrooms, and recent building upgrades.
Property Size6,000 SF
Price / SF$108.33
Days on Market135
Property Features for 361 S Commercial
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail
Additional Details
Corner Location
Yes
Amenities
shared break room and restrooms
Building Details
Building Size
6,000 SF
Year Built
1960
Buildings
1
Tenancy
Multi
Listing Agency:
Cravey Real Estate Services, Inc.
Listed By:
David Heitzman · License #TX #806588
(312) 823-9626
Source:
Craveyrealestate
Added: Jun 3
Changed: Oct 11
Last Checked: Oct 14 at 8:42PM
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 Cravey Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
Built in 1960, this 6,000 SF storefront property contains multiple suites, a shared break room, and shared restrooms. Three tenants currently occupy the building, supporting a multi-occupant retail configuration suitable for storefront and service-oriented operations.
The property occupies the corner of S. Commercial Street and E. Goodnight Avenue at a signalized intersection in Downtown Aransas Pass. HEB is directly across the street, while the Port Aransas ferry terminal is less than 1 mile away. Building improvements include two A/C units installed in 2017, along with a new roof and exterior paint completed in 2018.
The property occupies the corner of S. Commercial Street and E. Goodnight Avenue at a signalized intersection in Downtown Aransas Pass. HEB is directly across the street, while the Port Aransas ferry terminal is less than 1 mile away. Building improvements include two A/C units installed in 2017, along with a new roof and exterior paint completed in 2018.
Key Highlights
- 6,000 SF storefront property with multiple suites
- Three current tenants in the building
- Signalized corner at S. Commercial Street and E. Goodnight Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,893
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,860
$537.9K
Cap Rate 7%
$384,186
$384.2K
Cap Rate 9%
$298,811
$298.8K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$41.8K $6.96/SF
− Vacancy
−$3.3K −$0.56/SF
EGI
$38.4K $6.40/SF
− OpEx
−$11.5K −$1.92/SF
NOI
$26.9K $4.48/SF
Area
San Patricio County, TX
Vacancy
8.00%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,860
Cap Rate 7%
$384,186
Cap Rate 9%
$298,811
Alternative Uses
Best Use
Retail
$384.2K
$336.2K – $448.2K
NOI $26,893 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.08M
$2.69M – $3.59M
NOI $215,460 @ 7.0% cap · market cap 33.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner retail building with multiple suites, shared restrooms, and recent building upgrades.
Where is this storefront property located?
The property is located at 361 S Commercial Aransas Pass, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 6,000 SF storefront property with multiple suites; Three current tenants in the building; Signalized corner at S. Commercial Street and E. Goodnight Avenue
