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

    2121 Fm 3036 Rockport, TX 78382

    • Hotels
    • 10.10 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5921644
    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

    • E-Z Liv'n / Rv Park
    • The Oasis Resort of Rockport Inc. / Cottage Rental

    Property Details for 2121 Fm 3036

    Year built
    2023
    Lot size
    10.10 lot acres
    Property type
    Hotels

    Description

    The Oasis Resort in Rockport, Texas, presents a unique investment opportunity. This Class A, 68-unit multifamily property, completed in 2023, comprises studio, one-, and two-bedroom cottages situated on over 10 acres. Each cottage features designated parking, an open floor plan, designer finishes, new appliances, and an in-unit washer/dryer. Amenities include a resort pool, dog park, catch-and-release fishing pond, boat parking, and Wi-Fi. The property benefits from both short-term and long-term rental options, generating diverse revenue streams. The projected net operating income (NOI) is $950,000 annually. The property's location offers convenient access to local amenities, including H-E-B, Rockport Beach/Harbor, shopping, and restaurants. All units, roads, and amenities are brand new, showcasing modern interior design. This turnkey resort presents a compelling investment opportunity with significant potential for future growth and profitability. The property's strong performance and prime location make it an attractive asset for discerning investors seeking a high-return investment in a desirable coastal market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockport
    County
    Aransas
    State
    Texas
    Longitude
    -97.058608424572
    Latitude
    28.062890229899

    Comparable in this City

    • $699,000
      4,000 SF

      Income-Producing Resort in Downtown Rockport

      Coastal rental resort with cottages and apartments near Rockport Beach.
      1206-1214 S Church St, Rockport, TX 78382
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    • $675,000
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      Income-Producing Property with Expansion Potential

      Commercial investment property with cabins, RV pads, and expansion space.
      2328 Chaparral, Rockport, TX 78382
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    • Contact for pricing
      49,084 SF

      Waterfront Hotel in Rockport

      78-room hotel on Aransas Bay with strong revenue streams.
      200 Fulton Beach Rd, Rockport, TX 78382
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    • $5,499,000
      39.95 Acres

      Rockport Land Redevelopment Opportunity

      39.95 acres in Rockport, Texas, ripe for redevelopment.
      1222 Smokehouse Rd Lot, Rockport, TX 78382
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    • $1,390,000
      3,326 SF

      Rockport RV Park Investment

      Profitable Coastal RV Park, 34 Sites
      1655 Fm 1781, Rockport, TX 78382
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    • $1,262,500
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      Rockport RV Park Lots Available

      15 RV park lots for sale in Rockport, Texas.
      1406 66-79, Rockport, TX 78382
      View Details

    Similar Nearby for Sale

    • $1,390,000
      3,326 SF

      Rockport RV Park Investment

      Profitable Coastal RV Park, 34 Sites
      1655 Fm 1781, Rockport, TX 78382
      View Details
    • $1,262,500
      1.56 Acres

      Rockport RV Park Lots Available

      15 RV park lots for sale in Rockport, Texas.
      1406 66-79, Rockport, TX 78382
      View Details
    • Contact for pricing
      49,084 SF

      Waterfront Hotel in Rockport

      78-room hotel on Aransas Bay with strong revenue streams.
      200 Fulton Beach Rd, Rockport, TX 78382
      View Details
    • $699,000
      4,000 SF

      Income-Producing Resort in Downtown Rockport

      Coastal rental resort with cottages and apartments near Rockport Beach.
      1206-1214 S Church St, Rockport, TX 78382
      View Details
    • $675,000
      1,050 SF

      Income-Producing Property with Expansion Potential

      Commercial investment property with cabins, RV pads, and expansion space.
      2328 Chaparral, Rockport, TX 78382
      View Details
    • $5,499,000
      39.95 Acres

      Rockport Land Redevelopment Opportunity

      39.95 acres in Rockport, Texas, ripe for redevelopment.
      1222 Smokehouse Rd Lot, Rockport, TX 78382
      View Details

    Similar Nearby for Lease

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      Spacious Warehouse in Coastal Rockport

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      114 W 1St St, Rockport, TX 78382
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    • $9,000 /Mo
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      Rockport TX Elite Office Space

      Unique Rockport office space perfect for professional services.
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    • $4,000 /Mo
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      Rockport Commercial Metal Buildings For Rent

      Two connected metal buildings suitable for various commercial uses.
      1703 Highway 35 S Buildings, Rockport, TX 78382
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    • $7,860 /Mo
      1,860 SF

      Rockport Coworking Space Available

      Prime Rockport Office Suites, 147-219 sq ft
      1806 Harbor Dr, Rockport, TX 78382
      View Details
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    2121 Fm 3036
    Rockport, TX 78382
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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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