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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1329 State Hwy 361 Port Aransas, TX 78373

    • Flex space
    • 8,000 SF
    • 6.29 lot acres
    OFF-MARKET
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4157640
    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

    • Flex space

    Property Details for 1329 State Hwy 361

    Year built
    1995
    Lot size
    6.29 lot acres
    Property size
    8,000 SF
    Zone code
    BUS
    Property type
    Flex space
    APN
    5488-0082-0020
    APU
    548800820020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $535,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $759,000
      Market price range: $473k - $1.48M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,025,000
      Current use
      RETAIL STORES
      $995,000
      Change: -3% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $985,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Aransas
    County
    Nueces
    State
    Texas
    Longitude
    -97.0717
    Latitude
    27.8233
    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
    $14,257
    $1,301,847
    $357,587
    $1,659,434
    -
    $1,301,847
    $357,587
    $1,659,434

    Comparable in this City

    • Value Estimation
      $1,095,000
      2,099 SF

      750 Channelview Dr

      LIGHT INDUSTRIAL • 2,099 SF
      750 Channelview Dr, Port Aransas, TX 78373-5015
      View Details
    • Value Estimation by Request
      3,500 SF

      608 7th St

      LIGHT INDUSTRIAL • 3,500 SF
      608 7th St, Port Aransas, TX 78373-4134
      View Details
    • Value Estimation by Request
      2,180 SF

      135 Ave J J

      LIGHT INDUSTRIAL • 2,180 SF
      135 Ave J J, Port Aransas, TX 78373-5518
      View Details
    • Value Estimation
      $5,015,000
      46,325 SF

      118 State Hwy 361

      LIGHT INDUSTRIAL • 46,325 SF
      118 State Hwy 361, Port Aransas, TX 78373-0009
      View Details
    • Value Estimation
      $540,000
      6,900 SF

      219 Ave C C

      LIGHT INDUSTRIAL • 6,900 SF
      219 Ave C C, Port Aransas, TX 78373-5203
      View Details
    • Value Estimation by Request
      1,600 SF

      108 Bch Ave

      LIGHT INDUSTRIAL • 1,600 SF
      108 Bch Ave, Port Aransas, TX 78373-5349
      View Details

    Similar Nearby for Sale

    • $445,000
      1,205 SF

      Beachside Condo with Rental History

      End-unit condo near the beach with modern upgrades and amenities.
      2120 S 11Th St, Port Aransas, TX 78373
      View Details
    • $1,300,000
      1.00 Acre

      Beachfront Land Zoned for Rentals

      One-acre beachfront property in Port Aransas, zoned for short-term rentals.
      2924 On The Beach Dr, Port Aransas, TX 78373
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    • $449,000
      0.13 Acres

      Beachfront Lot in Port Aransas

      Beachfront lot with Gulf views, short-term rentals allowed.
      6542 Villa Castellon Dr, Port Aransas, TX 78373
      View Details
    • $325,000
      0.13 Acres

      Port Aransas Land For Sale

      Land in the heart of Port Aransas, close to amenities.
      726 Ocean Side, Port Aransas, TX 78373
      View Details
    • $799,000
      0.22 Acres

      Waterfront Lot in Island Moorings

      Waterfront lot with dock, boat lifts, and canal frontage.
      359 Mustang Blvd, Port Aransas, TX 78373
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    • $450,000
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      Commercial Lot in Port Aransas

      Commercial lot suitable for new business, convenient location.
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    Similar Nearby for Lease

    • $4,075 /Mo
      420 SF

      Port Aransas Boat Storage Facility

      Secure boat and equipment storage in Port Aransas, Texas.
      332 6Th St, Port Aransas, TX 78373
      View Details
    • Contact for pricing

      Port Aransas Commercial Land Lease

      Prime Beachfront Commercial Land, 2.43 Acres
      0 State Highway 361, Port Aransas, TX 78373
      View Details
    • $5 SF/Yr
      105,851 SF

      Prime Commercial Land For Lease

      Commercial land for lease in thriving Port Aransas location.
      Hwy 361, Port Aransas, TX 78373
      View Details
    • $2,500 /Mo
      1,020 SF

      Furnished Coastal Home with Garage

      Furnished 2 bed, 2 bath Port Aransas home for rent.
      1117 S 9Th St, Port Aransas, TX 78373
      View Details
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    1329 State Hwy 361
    Port Aransas, TX 78373
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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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