Retail Property Near Highway
For Sale
Contact for pricing
3720 Hwy 35 N, Fulton, TX
Retail property with high visibility, easy access, and ample parking.
Property Size4,505 SF
Lot Size0.79 Acres
Price / SF$155.16
Days on Market1024
Property Features for 3720 Hwy 35 N
General Information
Standard status
Active
Size
4,505 SF
Lot size
0.79 Acres
Property subtype
RETAIL
Listing Agency:
Cravey Real Estate Services, Inc.
(361) 289-5168
Listed By:
Adam Stern · License ##695443
(361) 739-0808
Source:
Moodyscre
Added: Dec 27, 2023
Changed: Oct 4
Last Checked: Oct 15 at 2:07AM
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.
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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 retail property is located within walking distance of the water and offers high visibility and traffic count. It provides easy access from the highway and features a large parking lot in the rear. The property was renovated, and the roof was replaced in 2017. The existing business is available but is not included in the sale of the real estate. The property has a size of 4505 square feet.
Key Highlights
- Owner financing available at 3.5% with approved credit.
- High visibility and traffic count.
- Large parking lot in rear.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,938
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,760
$1.0M
Cap Rate 7%
$741,971
$742.0K
Cap Rate 9%
$577,089
$577.1K
Market Conditions
NOI Build-Up for 4,505 SF
Gross rent
$81.1K $18.00/SF
− Vacancy
−$6.9K −$1.53/SF
EGI
$74.2K $16.47/SF
− OpEx
−$22.3K −$4.94/SF
NOI
$51.9K $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%
$1,038,760
Cap Rate 7%
$741,971
Cap Rate 9%
$577,089
Alternative Uses
Best Use
Retail
$742.0K
$649.2K – $865.6K
NOI $51,938 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,550 @ 7.0% cap · market cap 17.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
8k
Monthly Visits Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail property with high visibility, easy access, and ample parking.
Where is this retail space located?
The property is located at 3720 Hwy 35 N Fulton, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Owner financing available at 3.5% with approved credit.; High visibility and traffic count.; Large parking lot in rear.
