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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Motels
122 Alister St Port Aransas, TX 78373-4109
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1963062
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1997
Total area
24,023 SF
Lot
1.29 ac (56,105 SF)
Zoning code
BUS
APN
5380-0004-0130
UPID
US82-1963062
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Alister Square Inn Hotel & Motel
-
ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.21M
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.18M
Owner & transaction history
Bhavani Investments LP · 1 yrs held
Bhavani Investments LP
since 2024
2 recorded transactions
Zoning & alternative use
BUS · Port Aransas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Port Aransas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Aransas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$1,205,000
CAP Approach
CAP Return
Estimation
6%
$1,440,000
6.5%
$1,325,000
7%
$1,230,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,160,000
Current use
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$49 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$57,131
Tax year 2023
Assessed value
$4,646,992
Assessed 2024
Previous assessed
$4,520,900
+2.8% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,244,200
Assessed improvement
$2,402,792
Land market value
$2,244,200
Improvement market value
$2,402,792
Total market value
$4,646,992
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1997
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
24,023 SF
Lot
1.29 ac (56,105 SF)
Zoning code
BUS
APN
5380-0004-0130
UPID
US82-1963062
Jurisdiction
NUECES
Zoning & alternative use
BUS · Port Aransas, TX
Zoning BUS · permitted uses
BUS · Port Aransas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Aransas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.2M
HOTEL/MOTEL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.29 ac
Current owner
From public records · entity-resolved
Bhavani Investments LP
Entity
Mailing address
200 S ALISTER ST STE C, PORT ARANSAS, TX 78373-4135
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
—
Bhavani Investments LP
Alister Square Inn Ltd
Deed
$3,160,300 · First Community Bank Lexington
—
—
Alister Square Inn Ltd
—
Deed Of Trust
related
$238,029 · American Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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