Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1852 Tx-188 Rockport, TX 78382
    Back to Search
    Property profile & analytics

    1852 Tx-188, Rockport, TX 78382

    View on Map
    • Mobile home & RV parks
    • 2,294 SF
    • 3.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 1852 Tx-188

    Year built
    2005
    Lot size
    3.50 lot acres
    Property type
    Mobile home & RV parks
    Property subtype
    Mixed-use properties

    Description

    This exceptional coastal Texas investment opportunity encompasses 3.62+/- acres of unrestricted land in Rockport, featuring a substantial main house (over 2200 sq ft) with a spacious attached garage/shop including a 400 sq ft apartment. The property boasts 15 RV sites, a 2-bedroom cottage, a triplex cottage, and two single cottages, plus a laundry room with storage plumbed for a shower and toilet, and a mower shed/garage. Three septic systems and two water wells ensure reliable functionality. The main house offers 4 bedrooms, 3 bathrooms (one handicap accessible), an open floor plan with split bedrooms, a large kitchen with island, ample cabinet and counter space, formal dining area, and extensive entertainment space. Luxury amenities include an in-ground saltwater pool and a pool house. Electric hookups for three additional RV sites are already in place. The property is fully fenced with creosote fencing, a paved driveway, and abundant parking. Its versatile nature lends itself to various uses, including weddings, Airbnb rentals, and family reunions. Located just a short distance from prime coastal fishing, boating, shopping, and dining, this income-producing property presents endless growth potential. The property's size (approximately 2294-3000 sq ft total building area) and unrestricted zoning offer significant expansion possibilities. Built in 2005, this property is ready for a new owner to capitalize on its existing income streams and further develop its potential. Tours are available by appointment only.

    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
    -97.1349
    Latitude
    27.975

    Comparable in this City

    • Value Estimation by Request
      0.50 Acres

      214-216 Copano Heights Blvd

      Multifamily properties
      214-216 Copano Heights Blvd, Rockport, TX 78382
      View Details
    • Value Estimation by Request
      3,326 SF

      1655 Fm 1781

      Multifamily properties
      1655 Fm 1781, Rockport, TX 78382
      View Details
    • Value Estimation by Request
      2,116 SF

      1737 Fm 1781

      Multifamily properties
      1737 Fm 1781, Rockport, TX 78382
      View Details
    • Value Estimation by Request
      12,232 SF

      6655 Highway 35

      Residential income homes
      6655 Highway 35, Rockport, TX 78382
      View Details
    • Value Estimation by Request
      10.10 Acres

      2121 Fm 3036

      Multifamily properties
      2121 Fm 3036, Rockport, TX 78382
      View Details
    • Value Estimation by Request

      202 Salt Lake Rd

      Multifamily properties
      202 Salt Lake Rd, Rockport, TX 78382
      View Details

    Similar Nearby for Sale

    • $5,499,000
      39.95 Acres

      Rockport Land Redevelopment Opportunity

      39.95 acres in Rockport, Texas, ripe for redevelopment.
      1222 Smokehouse Rd Lot, Rockport, TX 78382
      View Details
    • $1,262,500
      1.56 Acres

      Rockport RV Park Lots Available

      15 RV park lots for sale in Rockport, Texas.
      1406 66-79, Rockport, TX 78382
      View Details
    • $675,000
      1,050 SF

      Income-Producing Property in Rockport, TX

      Unique commercial investment with rental income and expansion potential.
      2328 Chaparral, Rockport, TX 78382
      View Details
    • $675,000
      1,050 SF

      Income-Producing Commercial Property in Rockport

      Unique commercial property with rental income and expansion potential.
      2328 Chaparral, Rockport, TX 78382
      View Details
    • $1,995,000
      10,688 SF

      Mixed-Use Coastal Property in Rockport

      Luxury office, retail, warehouse, and residential space in Rockport, TX.
      1703 State Highway 35 Byp S, Rockport, TX 78382
      View Details
    • $549,000
      1.06 Acres

      Commercial Land on Highway 35

      Unrestricted commercial land with high visibility on Highway 35.
      3410 State Highway 35 Byp N, Fulton, TX 78382
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    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.
    1852 Tx-188
    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

    Thank You for Inquiry
    1852 Tx-188, Rockport, TX, 78382
    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!