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    1120 N Commercial St Aransas Pass, TX 78336
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    Property profile & analytics

    1120 N Commercial St, Aransas Pass, TX 78336

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    • Commercial land
    Off-Market
    Property ID
    US82-6391194
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1120 N Commercial St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    1120 N Commercial St, Aransas Pass, TX 78336 is a 12.36 acre Development ready tract , strategically located across Commercial Street (TX 35) from Conn-Brown Harbor. The land is one of the largest privately owned parcels in the area which will only become more valuable as the City continues its investment in the Navigate 2044 plan, which invests money into the area to build business in downtown Aransas Pass. The area is known for its vibrant marine culture, proximity to natural attractions, and steady economic growth. The tract is zoned for Commercial use, making it an open canvas for different developments. There are development plans for a 140 site RV Park readily available, promising a modern, fully equipped RV park to attract a diverse range of travelers. The pro-forma indicates strong financial prospects with substantial rental income and robust returns, making this a lucrative investment opportunity in a high-demand location. Looking for something else? Please submit your buyer criteria so that our team can better pair you with opportunities that meet your needs. Bird Dogs: we encourage Bird Dogs to work on our listings; however, we asked that any Bird Dogs be sure that their buyer has reviewed the marketing materials prior to contacting an agent and scheduling a meeting. We get so many calls from Bird Dogs asking about creative financing structures. Everything a buyer needs to know about our listings and seller preferences can be found in the marketing materials or the deal room. Serious buyers are encouraged to schedule one-on-one meetings with the brokerage team. Please be sure to have proof of funds accessible by this meeting date.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Aransas Pass
    County
    San Patricio
    State
    Texas
    Longitude
    -97.13657
    Latitude
    27.919003

    Comparable in this City

    • $77,500
      0.05 Acres

      Improved Lot in Aransas Pass

      Improved lot with full coverage, utilities, and security.
      171 Munson Dr, Aransas Pass, TX 78336
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    • $300,000
      1.31 Acres

      Aransas Pass Land Opportunity

      1.3+ acre lot suitable for residential or commercial development.
      Commercial St, Aransas Pass, TX 78336
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    • $159,000
      0.40 Acres

      Commercial Lot on Busy Street

      Cleared commercial lot ready for new business construction.
      732 N Commercial St, Aransas Pass, TX 78336
      View Details
    • Contact for pricing

      Aransas Pass Land For Sale

      4.78 acres of land in growing Aransas Pass, Texas.
      W Matlock Ave, Aransas Pass, TX 78336
      View Details
    • Contact for pricing
      0.16 Acres

      Aransas Pass Land Opportunity

      Unimproved lot in Aransas Pass, ready for your vision.
      S 12Th St, Aransas Pass, TX 78336
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    • $159,000
      0.36 Acres

      Commercial Land on Busy Road

      Commercial property on a busy road in Aransas Pass, TX.
      161 N Commercial St N, Aransas Pass, TX 78336
      View Details

    Similar Nearby for Sale

    • $77,500
      0.05 Acres

      Improved Lot in Aransas Pass

      Improved lot with full coverage, utilities, and security.
      171 Munson Dr, Aransas Pass, TX 78336
      View Details
    • $300,000
      1.31 Acres

      Aransas Pass Land Opportunity

      1.3+ acre lot suitable for residential or commercial development.
      Commercial St, Aransas Pass, TX 78336
      View Details
    • $159,000
      0.40 Acres

      Commercial Lot on Busy Street

      Cleared commercial lot ready for new business construction.
      732 N Commercial St, Aransas Pass, TX 78336
      View Details
    • Contact for pricing

      Aransas Pass Land For Sale

      4.78 acres of land in growing Aransas Pass, Texas.
      W Matlock Ave, Aransas Pass, TX 78336
      View Details
    • Contact for pricing
      0.16 Acres

      Aransas Pass Land Opportunity

      Unimproved lot in Aransas Pass, ready for your vision.
      S 12Th St, Aransas Pass, TX 78336
      View Details
    • $159,000
      0.36 Acres

      Commercial Land on Busy Road

      Commercial property on a busy road in Aransas Pass, TX.
      161 N Commercial St N, Aransas Pass, TX 78336
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      3,877 SF

      Aransas Pass Commercial Opportunity

      Versatile commercial space with highway frontage in Aransas Pass, TX.
      306 E Goodnight Ave, Aransas Pass, TX 78336
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    • Contact for pricing
      4,464 SF

      Commercial Space in Downtown Aransas

      Commercial office/retail space in the heart of Aransas Pass.
      B-239 S Commercial St, Aransas Pass, TX 78336
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    • $3,500 /Mo
      2,400 SF

      Aransas Pass Commercial Lease Opportunity

      High-traffic commercial property suitable for warehouse or industrial use.
      2441 Commercial St, Aransas Pass, TX 78336
      View Details
    • Contact for pricing

      Retail Space on Wheeler Avenue

      Retail spaces available with ample parking and easy access.
      1901-1935 W Wheeler Ave, Aransas Pass, TX 78336
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    • New
      $1,200 /Mo
      4,464 SF

      Commercial Space in Aransas Pass

      Prime commercial property in high-traffic Aransas Pass location.
      243 S Commercial St, Aransas Pass, TX 78336
      View Details
    • $28,000

      Dock-High Warehouse Space

      Industrial warehouse space featuring dock-high loading for streamlined receiving and shipping operations.
      230 E Maddox Ave, 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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