Flex Building with Test
New
For Sale
$750,000
971 Hwy 35 Bypass, Rockport, TX 78382
Commercial Sale, ROCKPORT, TX
Property Size5,200 SF
Lot Size2.70 Acres
Price / SF$144.23
Days on Market1
Property Features for 971 Hwy 35 Bypass
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
General Bus
Subdivision
Abernathy
Elementary school district
Rockport
Middle school district
Rockport
High school district
Rockport
Standard status
Active
Size
5,200 SF
Lot size
2.70 Acres
Additional Details
Property Use
Warehouse/Office
Amenities
220V electrical service
high-speed internet
fully fenced property
test basin
Building Details
Year built
2014
Floors in Building
1
Number of units
1
Buildings
1
Listing Agency:
Dream Team Realtors
(361) 758-7534
Listed By:
LISA BARKER · License #0492296
(361) 319-1365
Added: Nov 5
Last Checked: Nov 5 at 9:06PM
MLS# 156342
Copyright © 2026 Rockport Area 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.
At 971 Hwy 35 Bypass in Rockport, this 2014 flex property combines a 1,250-square-foot office area with a 3,950-square-foot warehouse in a 5,200-square-foot metal building. The warehouse has 16-foot ceilings, and an existing test basin is also part of the property. Additional features include 220V electrical service, high-speed internet, and fencing around the site.
The property occupies 2.7 acres and has approximately 670 feet of highway frontage. General Bus zoning and its office, warehouse, and basin components are among its defining features.
The property occupies 2.7 acres and has approximately 670 feet of highway frontage. General Bus zoning and its office, warehouse, and basin components are among its defining features.
Key Highlights
- 5,200‑square‑foot metal building with 1,250 square feet of office space and 3,950 square feet of warehouse
- Existing test basin on site
- Warehouse features 16‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,510
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,200
$970.2K
Cap Rate 7%
$693,000
$693.0K
Cap Rate 9%
$539,000
$539.0K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$81.1K $15.60/SF
− Vacancy
−$6.5K −$1.25/SF
EGI
$74.6K $14.35/SF
− OpEx
−$26.1K −$5.02/SF
NOI
$48.5K $9.33/SF
Area
Aransas County, TX
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,200
Cap Rate 7%
$693,000
Cap Rate 9%
$539,000
Alternative Uses
Best Use
Flex RnD
$693.0K
$606.4K – $808.5K
NOI $48,510 @ 7.0% cap · market cap 6.47%
Second Best
Industrial
$493.3K
$431.6K – $575.5K
NOI $34,529 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,148 @ 7.0% cap · market cap 18.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
16 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78382, TX
19,432
Population
13,048
Households
1.5
Avg Household Size
53
Median Age
30%
College-Educated
92%
High-School Grad
79.9 sq mi
ZIP Area
243
Density / Sq Mi
$63,434
Median Household Income
$38,741
Median Earnings
$1,147
Median Rent
$238,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas, a marine-service test basin, and General Bus zoning define this commercial property.
Where is this flex space located?
The property is located at 971 Hwy 35 Bypass Rockport, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5,200‑square‑foot metal building with 1,250 square feet of office space and 3,950 square feet of warehouse; Existing test basin on site; Warehouse features 16‑foot ceilings
