Flex Space with
New
For Sale
$750,000
971 Hwy 35 Bypass, Rockport, TX 78382
CommercialSale, Rockport, TX
Property Size5,200 SF
Lot Size2.71 Acres
Price / SF$144.23
Days on Market1
Property Features for 971 Hwy 35 Bypass
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
GB
Zoning description
GB
Parking
25
Parking features
Off Street
Interior features
Storage
Exterior features
Storage
Subdivision
Abernathy
Lot features
Irregular Lot, Level
Standard status
Active
APN
0025-000-032-000
Size
5,200 SF
Lot size
2.71 Acres
Additional Details
Mixed-Use Components
office, warehouse
Property Use
Warehouse, Office
Taxes and HOA fees
Tax Description
NW Pt of Lt 32, Abernathy Tracts 2.715 Acres
Legal Description
NW Pt of Lt 32, Abernathy Tracts 2.715 Acres
Utilities
Heating system
Ductless (Heating), Electric (Heating), Central
Cooling system
Ductless, Central Air
Water source
Well
Amenities
test basin
220V electrical service
high-speed internet
fully fenced property
ample parking
Building Details
Year built
2014
Floors in Building
1
Building materials
MetalSiding
Roof type
Metal
Additional Structures
Storage
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# 484850
Copyright © 2026 South Texas Multiple Listing Service, LLC. 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 2014 metal-sided flex property totals 5,200 square feet, with 1,250 square feet of office space and an adjoining 3,950-square-foot warehouse. The office area can accommodate storefront use, while the warehouse has 16-foot ceilings. A test basin is already in place, and the site includes storage, off-street parking, 220V electrical service, and high-speed internet. The property is served by well water and has central and ductless heating and cooling systems.
The 2.71-acre parcel is in Rockport, Texas, with approximately 670 feet of frontage on Hwy 35 Bypass. General Business (GB) zoning applies. The site is fully fenced and offers additional room for expansion.
The 2.71-acre parcel is in Rockport, Texas, with approximately 670 feet of frontage on Hwy 35 Bypass. General Business (GB) zoning applies. The site is fully fenced and offers additional room for expansion.
Key Highlights
- 5,200 square feet total: 1,250 square feet of office and 3,950‑square‑foot warehouse
- Warehouse features 16‑foot ceilings
- Existing test basin; suitable factual feature for marine and boat‑service operations
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.
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Current Use
Lease Details
16 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
418
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A fenced commercial property combines office and warehouse areas with a test basin and 220V electrical service.
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 feet total: 1,250 square feet of office and 3,950‑square‑foot warehouse; Warehouse features 16‑foot ceilings; Existing test basin; suitable factual feature for marine and boat‑service operations
