Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1144 Prt Dr Port Mansfield, TX 78598
    Back to Search
    Property profile & analytics

    1144 Prt Dr Port Mansfield, TX 78598

    View on Map
    • Hospitality properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitality properties

    Property Details for 1144 Prt Dr

    Year built
    1982
    Property type
    Hospitality properties
    Property subtype
    Hotels

    Description

    This fully operational Port Mansfield, Texas motel presents a unique investment opportunity. Priced at $450,000, this well-maintained property boasts 24 hotel rooms and 3 two-bedroom condos, offering diverse accommodation options. Guests enjoy a range of amenities including a fully stocked guest kitchen, covered barbeque area with grills and picnic tables, a fitness room with an extra restroom, laundry services, and ample outdoor seating. The property benefits from 24-hour operation, resulting in a discounted electricity rate. Significant renovations were completed in 2020, encompassing the relocation of water heaters, replacement of bedroom floor joists (in 9 of 12 ground-level bedrooms), installation of new windows, doors, flooring, and light fixtures, a plumbing upgrade from PVC to PEX, and provision of new beds and TVs. Further upgrades to laundry units were implemented in 2023. Located at 1144 Port Dr, Port Mansfield, TX 78598, this established business offers immediate income potential and a strong return on investment. The property's prime location and extensive recent upgrades make it an attractive proposition for discerning buyers. This turnkey operation is ready for a new owner to continue its success. The property was built in 1982 and is situated in Willacy County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Port Mansfield
    County
    WILLACY
    State
    Texas
    Longitude
    -97.434
    Latitude
    26.5476

    Comparable in this City

    • Value Estimation by Request
      0.50 Acres

      1207 Mansfield Dr

      COMMERCIAL (GENERAL) • 0.50 Acres
      1207 Mansfield Dr, Port Mansfield, TX 78598
      View Details
    • Value Estimation by Request
      2,031 SF

      Port

      COMMERCIAL (GENERAL) • 2,031 SF
      Port, Mansfield, TX 78598
      View Details
    • Value Estimation by Request
      8,471 SF

      708 Laguna Dr

      COMMERCIAL (GENERAL) • 8,471 SF
      708 Laguna Dr, Port Mansfield, TX 78598
      View Details
    • Value Estimation by Request
      2,960 SF

      123 Hbr Dr

      COMMERCIAL (GENERAL) • 2,960 SF
      123 Hbr Dr, Port Mansfield, TX 78598
      View Details
    • Value Estimation by Request
      1,260 SF

      210 Copano Dr

      COMMERCIAL (GENERAL) • 1,260 SF
      210 Copano Dr, Port Mansfield, TX 78598
      View Details
    • Value Estimation by Request
      2,400 SF

      530 Laguna Dr

      COMMERCIAL (GENERAL) • 2,400 SF
      530 Laguna Dr, Port Mansfield, TX 78598
      View Details

    Similar Nearby for Sale

    • $75,000
      0.19 Acres

      Port Mansfield Land For Sale

      0.19 acre commercial land available in Port Mansfield, Texas.
      1305 Prt Dr S, Port Mansfield, TX 78598
      View Details
    • $225,000
      2,488 SF

      Bayfront Duplex in Port Mansfield

      Rare bayfront duplex with income potential in Port Mansfield, TX.
      725 Bayshore Dr, Port Mansfield, TX 78598
      View Details
    • $150,000
      0.25 Acres

      Coastal Land in Port Mansfield

      Corner lots near world-class fishing and boating in Port Mansfield.
      500 N Bayshore Dr, Port Mansfield, TX 78598
      View Details
    • $65,000
      0.12 Acres

      Coastal Land Near Gulf of Mexico

      Residential lot near the coast, ideal for fishing enthusiasts.
      508 Bayshore Dr, Port Mansfield, TX 78598
      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.
    1144 Prt Dr
    Port Mansfield, TX 78598
    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

    Thank You for Inquiry
    1144 Prt Dr, Port Mansfield, TX, 78598
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!