Bay Front Hotel in
For Sale
$4,500,000
901 Padre Boulevard, South Padre Island, TX 78597
COMMERCIAL - South Padre Island, TX
Property Size30,258 SF
Lot Size0.97 Acres
Price / SF$148.72
Days on Market225
Property Features for 901 Padre Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
52
Parking features
Off Street
Accessibility
Accessible Approach with Ramp
Appliances
Water Heater (Other Location)
Subdivision
Padre Beach Acres
Directions
Go North on Padre Blvd after exiting the causeway. The hotel is a little under half a mile down the road on your left hand side.
Standard status
Active
APN
6764100030005000
Size
30,258 SF
Lot size
0.97 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
32782
Utilities
Heating system
Central
Cooling system
Wall Unit(s), Central Air, Window Unit(s)
Water front features
Waterfront
Water front
1
Building Details
Year built
2000
Floors in Building
4
Building materials
Stucco
Roof type
Flat
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Ryan J. Mcdaniel
(956) 299-2111
Added: Dec 17, 2025
Changed: May 14
Last Checked: Jul 30 at 2:06PM
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.
Investment Insights
Based on property information with market context.
This is an excellent opportunity to acquire a bay front 50-room hotel located in a high traffic area of South Padre Island, TX. The hotel is situated a short distance from the beach and within walking distance of several retailers. South Padre Island is a popular drive-to-beach destination for travelers and is located in the southern part of Texas. The coastline spans 34 miles and features nature tourism market drivers, wind and water recreational activities, an entertainment district, and local restaurants. The property has a size of 30258 square feet and is situated on a lot of 0.974 acres.
Key Highlights
- Bay front location on South Padre Island
- 50‑room hotel in high traffic area
- Short distance to the beach and walking distance to retailers
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $544.6k | $18.00 |
| − Vacancy | −$54.5k | −$1.80 |
| EGI | $490.2k | $16.20 |
| − OpEx | −$257.3k | −$8.51 |
| NOI | $232.8k | $7.69 |
30,258 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 52.50%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
422
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hotel - 50-room hotel in high-traffic area near beach and retailers.
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: Bay front location on South Padre Island; 50‑room hotel in high traffic area; Short distance to the beach and walking distance to retailers
