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    3516 Highway 35 Rockport, TX 78382
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    3516 Highway 35 Rockport, TX 78382

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    • Specialty properties
    • 2,150 SF
    • 0.57 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 3516 Highway 35

    Year built
    2006
    Lot size
    0.57 lot acres
    Property size
    2,150 SF
    Property type
    Specialty properties
    Property subtype
    Car washes

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rockport
    County
    Aransas
    State
    Texas
    Longitude
    -97.0413
    Latitude
    28.0665

    Comparable in this City

    • Value Estimation by Request
      3,256 SF

      3215 Tx-35

      Specialty properties • 3,256 SF
      3215 Tx-35, Rockport, TX 78382
      View Details
    • Value Estimation by Request
      5,200 SF

      2901 Tx-35 Bus

      Automotive properties • 5,200 SF
      2901 Tx-35 Bus, Rockport, TX 78382
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    • Value Estimation by Request
      9.72 Acres

      1636 Market St

      Land • 9.72 Acres
      1636 Market St, Rockport, TX 78382
      View Details
    • Value Estimation by Request
      0.18 Acres

      133 Foxtail Ln

      Land • 0.18 Acres
      133 Foxtail Ln, Rockport, TX 78382
      View Details
    • Value Estimation by Request
      24.40 Acres

      4911 Silver Leaf Ln

      Commercial real estate • 24.40 Acres
      4911 Silver Leaf Ln, Rockport, TX 78382
      View Details
    • Value Estimation by Request
      950 SF

      202 Salt Lake Rd

      Industrial properties • 950 SF
      202 Salt Lake Rd, Rockport, TX 78382
      View Details

    Similar Nearby for Sale

    • $3,644,955
      3,615 SF

      BlueWave Express Car Wash

      Operating car wash available for purchase.
      2000 State Highway 35 Byp North, Rockport, TX 78382
      View Details
    • $599,000
      Pending

      Established Car Wash on Highway

      Profitable car wash business opportunity in Rockport, Texas.
      2019 Highway 35 N, Rockport, TX 78382
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    • $360,000
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      Versatile Shop on Unrestricted Lots

      Unrestricted Rockport property with shop, office space, and dual access.
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    • $950,000
      13.21 Acres

      Prime Unrestricted Land in Rockport, TX

      13.215-acre tract with highway frontage, unrestricted and development-ready.
      4317 State Highway 35 Byp S, Rockport, TX 78382
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    • $998,000
      8,175 SF

      Unique Commercial Property with Train Caboose

      8,175 sq ft commercial property with unique train caboose.
      206 State Highway 35 Byp S, Rockport, TX 78382
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    • $675,000
      2,500 SF

      Storefront with Apartment in Rockport

      Storefront with display windows and one-bedroom apartment in Rockport.
      416 S Austin St, Rockport, TX 78382
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    Similar Nearby for Lease

    • $4,000 /Mo
      4,000 SF

      Rockport Commercial Metal Buildings For Rent

      Two connected metal buildings suitable for various commercial uses.
      1703 State Highway 35 Byp S Buildings, Rockport, TX 78382
      View Details
    • $8,000 /Mo
      12,000 SF

      Rockport Warehouse on Highway 35

      12,000 square foot commercial warehouse with highway frontage.
      1106 State Highway 35 Byp, Rockport, TX 78382
      View Details
    • $9,000 /Mo
      4,400 SF

      Rockport TX Elite Office Space

      Unique Rockport office space perfect for professional services.
      1703 State Highway 35 Byp S Office, Rockport, TX 78382
      View Details
    • Contact for pricing

      Land Available on State Highway

      Land for sale on State Highway 35 Bypass, Rockport, TX.
      1901-1939 State Highway 35 Byp, Rockport, TX 78382
      View Details
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    3516 Highway 35
    Rockport, TX 78382
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    3516 Highway 35, Rockport, TX, 78382
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