Property profile

118 Cut Off Rd Port Aransas, TX 78373

FOR SALE
Turn key restaurants
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Property ID
US82-3384262
3,100 SF 0.35 ac Built 2001
Last sale Jul 2022
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a multi-level commercial building configured for hospitality use, historically set up as a cocktail lounge. On the first floor, it includes a main bar with seating for more than 15 patrons, a second bar with seating for 8+ patrons, two restrooms, and back-of-house work areas supported by utilities for a full kitchen, along with an outdoor bar providing a shaded guest area. The second floor contains office space and a private apartment with a full bathroom. The building is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value · 2024$1.21M
Assessed land$767k
Assessed improvement$441k
Effective rate1.10%

Value estimate

· Nov 2026
$260k
$234k – $286k
AI approach$235k
NOI build-up
Gross scheduled income$77k
Vacancy & credit loss−$4k
Operating expenses−$18k
NOI · 4.23% cap applied$55k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
4.23%
$55k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BUS
JurisdictionNUECES

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office10.6
Parking Facility9.9
Auto Parts Store9.8

Location

118 Cut Off Rd Port Aransas, TX 78373
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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