Mixed-Use Property | 720
502 N Commercial St, Aransas Pass, TX 78336
For Sale
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Mixed-use property suitable for residential and business purposes.
Property Size720 SF
Price / SF$265.97
Days on Market238
Property Features for 502 N Commercial St
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Year Built
Stories
Listing Agency:
Keller Williams Coastal Bend
Listed By:
Elizabeth Parsley · License TX #707070
(361) 816-4527
Source:
Crexi
Added: Mar 21
Changed: Nov 1
Last Checked: Nov 12 at 6:09AM
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 Keller Williams Coastal Bend
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Investment Insights
Based on property information with market context.
This mixed-use property offers 720 square feet of space suitable for both residential and business purposes.
Key Highlights
- Mixed use: suitable for both residential and business purposes
- 720 sqft: provides a defined living/working space
- Year built: 1949
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,290
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,800
$145.8K
Cap Rate 7%
$104,143
$104.1K
Cap Rate 9%
$81,000
$81.0K
Market Conditions
NOI Build-Up for 720 SF
Gross rent
$13.0K $18.00/SF
− Vacancy
−$1.3K −$1.80/SF
EGI
$11.7K $16.20/SF
− OpEx
−$4.4K −$6.07/SF
NOI
$7.3K $10.13/SF
Area
San Patricio County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,800
Cap Rate 7%
$104,143
Cap Rate 9%
$81,000
Alternative Uses
Best Use
Mixed Use
$104.1K
$91.1K – $121.5K
NOI $7,290 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$202.9K
$177.6K – $236.7K
NOI $14,204 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property suitable for residential and business purposes.
Where is this mixed-use property located?
The property is located at 502 N Commercial St Aransas Pass, TX.
What is the asking price?
The asking price for this property is $191,500.
What are key features of this property?
This property features: Mixed use: suitable for both residential and business purposes; 720 sqft: provides a defined living/working space; Year built: 1949
