Port Aransas Commercial
For Sale
Contact for pricing
121 Cut-Off Rd, Port Aransas, TX 78373
Commercial property with office space, spa, suites, and pool.
Property Size6,169 SF
Lot Size0.67 Acres
Price / SF$323.39
Days on Market821
Property Features for 121 Cut-Off Rd
General Information
Standard status
Active
Size
6,169 SF
Total Parking Spaces
21
Lot size
0.67 Acres
Property subtype
Office
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
1960
Year Renovated
2011
Buildings
3
Stories
2
Units
6
Listing Agency:
RE/Max Coastal Living
Listed By:
Marcus Starkey · License #436531
(361) 815-2300
Source:
Crexi
Added: Jul 21, 2024
Changed: Oct 10
Last Checked: Oct 19 at 7:28AM
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 RE/Max Coastal Living
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on Cutoff Road in Port Aransas, this commercial property, known as "The Balinese," features a main building of approximately 4489 square feet, along with four modern rental suites and a saltwater swimming pool. The main building currently includes 2232 square feet of office space, fully leased by Stewart Title, and a 1637-square-foot wellness spa and boutique area. An on-site laundry facility is also available. Additionally, there is a 620-square-foot one-bedroom apartment with a fenced yard at the north end of the building. The property includes impact windows throughout, and the roof was replaced in December 2017. The property is in an X flood zone with an elevation over 13 feet. The main building also features a 750-square-foot rooftop covered deck with views of the ship channel. Built in 2019, the four modern studio suites are located in the back, along with an 11 x 30 pool and two additional storage rooms. The suites are currently used as vacation rentals. Constructed with Hardi board, the property sits on a 0.665-acre lot, equivalent to 28,974 square feet. The property is ideally suited for offices, retail, or a medical facility. A recently rebuilt and refurbished lighted sign is present. The property is located in a high-traffic area on Cutoff Road.
Key Highlights
- Desirable location on high‑traffic Cutoff Road in Port Aransas.
- Main building with leased office space (2232 sq. ft.) providing immediate income from Anchor Tenant Stewart Title.
- Four modern studio suites (built in 2019) currently operating as vacation rentals with an 11 x 30 salt water pool.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,189
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,063,780
$2.1M
Cap Rate 7%
$1,474,129
$1.5M
Cap Rate 9%
$1,146,544
$1.1M
Market Conditions
NOI Build-Up for 6,169 SF
Gross rent
$189.5K $30.72/SF
− Vacancy
−$51.9K −$8.42/SF
EGI
$137.6K $22.30/SF
− OpEx
−$34.4K −$5.58/SF
NOI
$103.2K $16.73/SF
Area
Nueces County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,063,780
Cap Rate 7%
$1,474,129
Cap Rate 9%
$1,146,544
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.72M
NOI $103,189 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.38M
$5.58M – $7.45M
NOI $446,784 @ 7.0% cap · market cap 22.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 78373, TX
3,134
Population
5,614
Households
0.6
Avg Household Size
56
Median Age
38%
College-Educated
95%
High-School Grad
18.8 sq mi
ZIP Area
167
Density / Sq Mi
$90,000
Median Household Income
$52,353
Median Earnings
$2,226
Median Rent
$518,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial property with office space, spa, suites, and pool.
Where is this office unit located?
The property is located at 121 Cut-Off Rd Port Aransas, TX.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Desirable location on high‑traffic Cutoff Road in Port Aransas.; Main building with leased office space (2232 sq. ft.) providing immediate income from Anchor Tenant Stewart Title.; Four modern studio suites (built in 2019) currently operating as vacation rentals with an 11 x 30 salt water pool.**
