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 Market288
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
(361) 463-1308
Added: Jan 9
Changed: Oct 17
Last Checked: Oct 24 at 7:06AM
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.
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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 / Yr
$6,127
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
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
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 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.
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Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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
