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    Property profile & analytics

    1731 Wheeler Ave Aransas Pass, TX 78336

    • Commercial real estate
    • 6,437 SF
    • 1.22 lot acres
    For Sale
    View listing
    $250,000
    Last Sale
    Apr 17, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8347046
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Clincal Pathology Labs / Medical Laboratory
    • Kuepper Caroline / Doctor

    Property Details for 1731 Wheeler Ave

    Year built
    1976
    Construction
    WOOD
    Lot size
    1.22 lot acres
    Property size
    6,437 SF
    Property type
    Commercial real estate
    APN
    0022-0206-0004-002
    APU
    2202060004002

    Description

    This 1.2-acre commercial land parcel is strategically located at 1731 W Wheeler Ave in Aransas Pass, Texas, zip code 78336. The property offers excellent visibility and easy access from Wheeler Avenue. Additional access is available via W Yoakum Ave at the rear, providing convenient access to S Ave A. The site boasts a high-traffic location surrounded by a variety of established businesses, including national retailers such as Harbor Freight, Tractor Supply, Family Dollar, Walmart, Walgreens, Subway, Church's Chicken, Rent-A-Center, McDonald's, Dollar Tree, Starbucks, Whataburger, and Lowe's. This makes it an ideal location for a wide range of commercial ventures. Potential uses include medical facilities (urgent care, dental practices), service-oriented businesses (car washes, lube shops, tire centers), and office spaces (CPA firms, law offices, etc.). The asking price for this exceptional opportunity is $250,000. This property presents a unique chance to establish a thriving business in a vibrant and growing community. Don't miss out on this prime commercial real estate investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $432,000
      Market price range: $432k - $1.95M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Aransas Pass
    County
    San Patricio
    State
    Texas
    Longitude
    -97.163
    Latitude
    27.9156
    CBSA code
    18580
    CBSA name
    CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,416
    $146,400
    $19,427
    $165,827
    -
    $146,400
    $19,427
    $165,827

    Comparable in this City

    • Value Estimation
      $235,000
      0.14 Acres

      Wheeler Ave

      COMMERCIAL (GENERAL) • 0.14 Acres
      Wheeler Ave, Aransas Pass, TX 78336
      View Details
    • Value Estimation
      $315,000
      70.00 Acres

      450 Ave A A

      COMMERCIAL (GENERAL) • 70.00 Acres
      450 Ave A A, Aransas Pass, TX 78336-4602
      View Details
    • Value Estimation
      $235,000
      0.25 Acres

      Aransas Pass, TX 78336

      COMMERCIAL (GENERAL) • 0.25 Acres
      Aransas Pass, TX 78336
      View Details
    • Value Estimation
      $360,000
      6.17 Acres

      Is S H 35th Byp Byp

      COMMERCIAL (GENERAL) • 6.17 Acres
      Is S H 35th Byp Byp, Aransas Pass, TX 78336
      View Details
    • Value Estimation
      $230,000
      0.16 Acres

      Aransas Pass, TX 78336

      COMMERCIAL (GENERAL) • 0.16 Acres
      Aransas Pass, TX 78336
      View Details
    • Value Estimation
      $345,000
      4.65 Acres

      511 Ave A A

      COMMERCIAL (GENERAL) • 4.65 Acres
      511 Ave A A, Aransas Pass, TX 78336-5968
      View Details

    Similar Nearby for Sale

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      Aransas Pass Commercial Land - $584,075

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    • Contact for pricing
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      Hard-Corner Commercial Land, TX

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    • $250,000
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      Aransas Pass Commercial Land for Sale

      1.2-acre lot, prime commercial location
      1731 Wheeler Ave, Aransas Pass, TX 78336
      View Details
    • $499,000

      Aransas Pass Commercial Land Investment

      Prime Aransas Pass commercial land; priced to sell!
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    • $3,750,000
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      Aransas Pass Industrial Warehouse

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    Similar Nearby for Lease

    • $18 SF/Yr
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      Palm Plaza Retail Spaces Available

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      Aransas Pass Commercial Space Available

      Prime commercial space in Aransas Pass, high-visibility location.
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      View Details
    • $5 SF/Yr
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      Aransas Pass Retail Space - 49,650 SF

      High-visibility retail space, former skating rink. Excellent location, ample parking.
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      View Details
    • $800 /Mo
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      Aransas Pass Furnished Coastal Living

      Furnished one-bedroom units near shopping, restaurants, and fishing.
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      View Details
    • $500 /Mo
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      Modern Office Spaces For Rent

      New office spaces with all bills paid and fiber internet.
      418 S Commercial St, Aransas Pass, TX 78336
      View Details
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    Aransas Pass, TX 78336
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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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