Bay-Front
For Sale
Under Contract
$4,500,000
901 Padre Blvd., South Padre Island, TX 78597
Commercial Sale, South Padre Island, TX
Property Size30,258 SF
Lot Size0.97 Acres
Price / SF$148.72
Days on Market1148
Property Features for 901 Padre Blvd.
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Subdivision
Padre Beach Acres
Elementary school district
Point Isabel ISD
Middle school district
Point Isabel ISD
High school district
Point Isabel ISD
Standard status
Active Under Contract
Size
30,258 SF
Lot size
0.97 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
32782
Building Details
Year built
2000
Number of units
50
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Ryan McDaniel
(956) 299-2111
Added: Aug 31, 2023
Changed: Oct 20
Last Checked: Oct 21 at 9:06AM
MLS# 98892
Copyright © 2026 South Padre Island Board 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 901 Padre Blvd. in South Padre Island, this 50-room hotel offers a bay-front setting with 30,258 square feet of property improvements. Built in 2000, the asset sits on 0.974 acres and carries C zoning.
The hotel is a short distance from the beach and within walking distance of retailers. South Padre Island features a 34-mile coastline, water and wind recreation, nature-oriented tourism, an entertainment district, and local restaurants. The property is positioned in a drive-to beach destination in southern Texas, providing a hospitality setting connected to the island’s coastal and recreational context.
The hotel is a short distance from the beach and within walking distance of retailers. South Padre Island features a 34-mile coastline, water and wind recreation, nature-oriented tourism, an entertainment district, and local restaurants. The property is positioned in a drive-to beach destination in southern Texas, providing a hospitality setting connected to the island’s coastal and recreational context.
Key Highlights
- 50‑room bay‑front hotel on South Padre Island
- 30,258 square feet of property improvements
- 0.974‑acre site with C zoning
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
Explore this area
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 - Established lodging property near the beach and retailers on South Padre Island.
Where is this hotel located?
The property is located at 901 Padre Blvd. 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 bay‑front hotel on South Padre Island; 30,258 square feet of property improvements; 0.974‑acre site with C zoning
