Two-Bedroom Short-Term Rental
For Sale
$120,000
418 E NORTH ST, Rockport, TX 78382
Commercial Sale, ROCKPORT, TX
Property Size748 SF
Price / SF$160.43
Days on Market242
Property Features for 418 E NORTH ST
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B1-Commercial/Residential
Subdivision
Smith and Wood
Elementary school district
RFISD
Middle school district
RFISD
High school district
RFISD
Standard status
Active
Size
748 SF
Building Details
Floors in Building
1
Number of units
1
Listing Agency:
KELLER WILLIAMS COASTAL BEND ROCKPORT · Keller Williams Realty
(361) 790-9494
Listed By:
Shelly Schubert-Steckler · License #665566
(361) 463-1308
Added: Jan 9
Changed: Sep 4
Last Checked: Sep 8 at 10:06AM
MLS# 149312
Copyright © 2026 Rockport Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 418 E North St, this 748-square-foot property includes two bedrooms and one bathroom. The existing layout offers a compact residential configuration that may also support conversion to a vacation rental, office, or retail use, subject to applicable requirements.
B1-Commercial/Residential zoning permits both commercial and residential use. The property sits a few blocks from Historic Downtown Rockport and Rockport Beach, placing it within an established coastal community setting. An adjacent lot is also available for purchase, providing an option to assemble additional land with the property.
B1-Commercial/Residential zoning permits both commercial and residential use. The property sits a few blocks from Historic Downtown Rockport and Rockport Beach, placing it within an established coastal community setting. An adjacent lot is also available for purchase, providing an option to assemble additional land with the property.
Key Highlights
- 748 SF property with 2 bedrooms and 1 bathroom
- B1‑Commercial/Residential zoning
- Commercial and residential use potential
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
$6,127
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
5.11%
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%
$122,540
$122.5K
Cap Rate 7%
$87,529
$87.5K
Cap Rate 9%
$68,078
$68.1K
Market Conditions
NOI Build-Up for 748 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
$12.7K $17.04/SF
− Vacancy
−$1.6K −$2.15/SF
EGI
$11.1K $14.89/SF
− OpEx
−$5.0K −$6.70/SF
NOI
$6.1K $8.19/SF
Area
Aransas County, TX
Vacancy
12.60%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
45.00%
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%
$122,540
Cap Rate 7%
$87,529
Cap Rate 9%
$68,078
Alternative Uses
Best Use
Apartment 5plus
$87.5K
$76.6K – $102.1K
NOI $6,127 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$285.9K
$250.2K – $333.6K
NOI $20,016 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
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 Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - B1 zoning supports commercial or residential use near Historic Downtown Rockport and Rockport Beach.
Where is this short term rental property located?
The property is located at 418 E NORTH ST Rockport, TX.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: 748 SF property with 2 bedrooms and 1 bathroom; B1‑Commercial/Residential zoning; Commercial and residential use potential
