Bayfront 50-Room
901 Padre Boulevard, South Padre Island, TX 78597
For Sale
$4,500,000
Pending
Commercial Sale, South Padre Island, TX
Property Size30,258 SF
Lot Size0.97 Acres
Days on Market185
Property Features for 901 Padre Boulevard
General Information
Property type
Property subtype
Parking
Parking features
Accessibility
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Water front features
Water front
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Ryan J. Mcdaniel
(956) 299-2111
Added: May 14
Changed: Oct 30
Last Checked: Nov 14 at 6:06AM
MLS# 413171
Copyright © 2026 Greater McAllen 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.
This 50-room hotel occupies a 30,258-square-foot building on approximately 0.974 acres at 901 Padre Boulevard in South Padre Island. Constructed in 2000, the property features stucco construction, a flat roof, central heating, and a combination of central air, window units, and wall units. Off-street parking and an accessible approach with ramp are also provided.
The waterfront property is a short distance from the beach and within walking distance of several retailers. South Padre Island is described as a drive-to beach destination with a 34-mile coastline, nature tourism attractions, wind and water recreation, an entertainment district, and local restaurants. The hotel is located in Cameron County, Texas, within ZIP Code 78597.
The waterfront property is a short distance from the beach and within walking distance of several retailers. South Padre Island is described as a drive-to beach destination with a 34-mile coastline, nature tourism attractions, wind and water recreation, an entertainment district, and local restaurants. The hotel is located in Cameron County, Texas, within ZIP Code 78597.
Key Highlights
- 50‑room waterfront hotel
- 30,258 square feet on 0.974 acres
- Constructed in 2000 with stucco exterior and flat roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$232,835
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,656,700
$4.7M
Cap Rate 7%
$3,326,214
$3.3M
Cap Rate 9%
$2,587,056
$2.6M
Market Conditions
NOI Build-Up for 30,258 SF
Gross rent
$544.6K $18.00/SF
− Vacancy
−$54.5K −$1.80/SF
EGI
$490.2K $16.20/SF
− OpEx
−$257.3K −$8.51/SF
NOI
$232.8K $7.69/SF
Area
Cameron County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,656,700
Cap Rate 7%
$3,326,214
Cap Rate 9%
$2,587,056
Alternative Uses
Best Use
Hotel Hospitality
$3.33M
$2.91M – $3.88M
NOI $232,835 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$5.21M
$4.56M – $6.08M
NOI $364,694 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
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Business Placement
Demographics for 78597, TX
2,479
Population
5,895
Households
0.4
Avg Household Size
56
Median Age
53%
College-Educated
92%
High-School Grad
8.8 sq mi
ZIP Area
282
Density / Sq Mi
$61,357
Median Household Income
$36,843
Median Earnings
$1,421
Median Rent
$508,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Waterfront lodging property with off-street parking, ramp access, and multiple cooling systems.
Where is this hotel located?
The property is located at 901 Padre Boulevard South Padre Island, TX.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 50‑room waterfront hotel; 30,258 square feet on 0.974 acres; Constructed in 2000 with stucco exterior and flat roof
