Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1222 Jims Smokehouse Rd Rockport, TX 78382

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1222 Jims Smokehouse Rd Rockport, TX 78382

    View on Map
    • Land
    • 39.95 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1222 Jims Smokehouse Rd

    Lot size
    39.95 lot acres
    Property type
    Land

    Description

    This exceptional 39.95-acre commercial land parcel presents a rare investment opportunity in Rockport, Texas. Located in a major growth corridor of this nationally acclaimed "Best Little Beach Town in America," the property boasts prime frontage and is ready for immediate development. Zoned for both commercial and residential uses, this versatile land offers a multitude of potential development scenarios. The property features existing signage, is fully fenced, and enjoys access from three streets. Its prominent location across from Aransas Bay provides a spectacular waterfront backdrop, ideal for a high-impact project. This once-in-a-lifetime opportunity allows developers and investors to create significant value in a thriving coastal community. Rockport's location on the Gulf of Mexico, known for its pristine beaches, world-class fishing, and vibrant arts scene, attracts visitors from around the globe. Its proximity to Corpus Christi (30 miles), San Antonio (150 miles), and other major Texas cities ensures strong accessibility and a robust potential market. The property includes a home suitable for rehabilitation, adding further development potential. This is a unique chance to capitalize on the growth and appeal of Rockport, Texas, creating a lasting legacy for future generations. The asking price for this significant land holding is $7,900,000.

    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
    -97.0889
    Latitude
    27.9872

    Comparable in this City

    • 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
      1.91 Acres

      1805 18Th St

      Land • 1.91 Acres
      1805 18Th St, Rockport, TX 78382
      View Details
    • Value Estimation by Request
      0.45 Acres

      6808 Highway 35

      Land • 0.45 Acres
      6808 Highway 35, Rockport, TX 78382
      View Details
    • Value Estimation by Request
      736.00 Acres

      Rockport TX 78382 Traylor Is

      Private islands • 736.00 Acres
      Rockport TX 78382 Traylor Is, Rockport, TX 78382
      View Details
    • Value Estimation by Request
      3.95 Acres

      1739 Corpus Christi St

      Land • 3.95 Acres
      1739 Corpus Christi St, Rockport, TX 78382
      View Details
    • Value Estimation by Request

      704 State Hwy 35 Hwy

      Distribution properties
      704 State Hwy 35 Hwy, Rockport, TX 78382
      View Details

    Similar Nearby for Sale

    • $325,000
      Pending

      Residential/Business Potential Land in Rockport

      10 acres inside city limits with residential/business potential.
      130 Lamar Dr, Rockport, TX 78382
      View Details
    • $74,900

      Unrestricted Lot in Rockport, TX

      Large unrestricted lot near Corpus Christi Bayou, Rockport, TX.
      1036 S Hood St, Rockport, TX 78382
      View Details
    • $142,000
      Pending

      Rockport, TX 5-Acre Land

      5-acre tract near Aransas Bay, Rockport, TX.
      1621 16Th St, Rockport, TX 78382
      View Details
    • $300,000
      4.37 Acres

      Rockport Land with Wooded Surroundings

      4.37 Acres of raw land in Rockport, Texas.
      131 Mcpherson Rd, Rockport, TX 78382
      View Details
    • $255,000
      0.50 Acres

      Waterfront Lot in Rockport, TX

      Canal-front lot suitable for building a home or investment property.
      1513 Cape Velero Dr, Rockport, TX 78382
      View Details

    Similar Nearby for Lease

    • 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
    • $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
    • $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
    • $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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1222 Jims Smokehouse Rd
    Rockport, TX 78382
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!