Flex Space with
For Sale
$375,000
3718 Highway 35 N, Rockport, TX 78382
A large garage-work area is complemented by covered parking and separate interior space.
Property Size1,344 SF
Price / SF$279.02
Days on Market10
Property Features for 3718 Highway 35 N
General Information
Standard status
Active
Size
1,344 SF
Additional Details
Highway Access
Yes
Automotive Uses
auto repair
Real Estate Included
Yes
Amenities
garage/workshop area
covered parking
overhead doors
additional covered areas
Listing Agency:
Texas Ally Real Estate Group
(512) 763-2559
Listed By:
Maria Cruz · License #0609041
(361) 438-6409
Source:
Exprealty
Added: Oct 26
Changed: Nov 3
Last Checked: Nov 3 at 2:34PM
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 Texas Ally Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,344-square-foot flex property combines a substantial garage and workshop with covered parking and additional interior areas. Overhead doors support access to the work space, while the interior can provide room for office or business support functions, subject to applicable approvals.
Key Highlights
- 1,344 square feet of flex space
- Substantial garage and workshop area
- Overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,495
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,900
$309.9K
Cap Rate 7%
$221,357
$221.4K
Cap Rate 9%
$172,167
$172.2K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$24.2K $18.00/SF
− Vacancy
−$2.1K −$1.53/SF
EGI
$22.1K $16.47/SF
− OpEx
−$6.6K −$4.94/SF
NOI
$15.5K $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 Rate 5%
$309,900
Cap Rate 7%
$221,357
Cap Rate 9%
$172,167
Alternative Uses
Best Use
Retail
$221.4K
$193.7K – $258.3K
NOI $15,495 @ 7.0% cap · market cap 4.13%
Second Best
Flex RnD
$179.1K
$156.7K – $209.0K
NOI $12,538 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$513.8K
$449.6K – $599.4K
NOI $35,964 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78382, TX
19,432
Population
13,048
Households
1.5
Avg Household Size
53
Median Age
30%
College-Educated
92%
High-School Grad
79.9 sq mi
ZIP Area
243
Density / Sq Mi
$63,434
Median Household Income
$38,741
Median Earnings
$1,147
Median Rent
$238,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A large garage-work area is complemented by covered parking and separate interior space.
Where is this flex space located?
The property is located at 3718 Highway 35 N Rockport, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,344 square feet of flex space; Substantial garage and workshop area; Overhead doors
