Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2307 Wheeler Ave Aransas Pass, TX 78336-4901

    • Industrial properties
    • 8.25 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4595226
    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

    • Base Line Data, Inc. Welder Testing Facility / Industry / Machine Shop

    Property Details for 2307 Wheeler Ave

    Lot size
    8.25 lot acres
    Property type
    Industrial properties
    APN
    0877-0072-0013-001
    APU
    87700720013001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Aransas Pass
    County
    San Patricio
    State
    Texas
    Longitude
    -97.1751
    Latitude
    27.9212
    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
    $9,852
    $283,973
    $239,452
    $523,425
    -
    $283,973
    $239,452
    $523,425

    Comparable in this City

    • Value Estimation
      $250,000
      0.40 Acres

      Euclid Cor

      INDUSTRIAL (GENERAL) • 0.40 Acres
      Euclid Cor, Aransas Pass, TX 78336
      View Details
    • Value Estimation
      $255,000
      2.70 Acres

      Beasley Ave

      INDUSTRIAL (GENERAL) • 2.70 Acres
      Beasley Ave, Aransas Pass, TX 78336
      View Details
    • Value Estimation
      $245,000
      688 SF

      4618 Fm 1069

      INDUSTRIAL (GENERAL) • 688 SF
      4618 Fm 1069, Aransas Pass, TX 78336
      View Details
    • Value Estimation
      $395,000
      10,163 SF

      2120 Hwy 35th Byp

      INDUSTRIAL (GENERAL) • 10,163 SF
      2120 Hwy 35th Byp, Aransas Pass, TX 78336
      View Details
    • Value Estimation
      $270,000
      11.13 Acres

      Ave A A

      INDUSTRIAL (GENERAL) • 11.13 Acres
      Ave A A, Aransas Pass, TX 78336
      View Details
    • Value Estimation
      $285,000
      5.00 Acres

      501 Ave A A

      INDUSTRIAL (GENERAL) • 5.00 Acres
      501 Ave A A, Aransas Pass, TX 78336-5968
      View Details

    Similar Nearby for Sale

    • $3,750,000
      48,804 SF

      Aransas Pass Industrial Warehouse

      48,804 SF Warehouse - $3.75M
      230 Maddox Ave, Aransas Pass, TX 78336
      View Details
    • $9,500,000

      Aransas Pass Industrial Land Opportunity

      47-acre industrial site with canal, barge dock, and rail.
      1603 Highway 35 Byp N, Aransas Pass, TX 78336
      View Details
    • $3,250,000
      48,804 SF

      Dock High Warehouse For Sale

      Warehouse with dock high doors, suitable for various operations.
      230 E Maddox Ave, Aransas Pass, TX 78336
      View Details
    • $250,000
      4,560 SF

      Aransas Pass Commercial Building

      Commercial building on busy street, suitable for multiple purposes.
      1746 W Wheeler Ave, Aransas Pass, TX 78336
      View Details
    • $479,000
      5,000 SF

      Aransas Pass Warehouse with Crane

      Hard corner location with crane, outside city limits.
      2590 2590 Sh 35 Byp, Aransas Pass, TX 78336
      View Details
    • $408,000
      2,738 SF

      Renovated Commercial Property Near Harbor

      2,738 SF commercial property in downtown Aransas Pass, TX.
      333 S Commercial St, Aransas Pass, TX 78336
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      50,700 SF

      Palm Plaza Retail Spaces Available

      Aransas County power center; 1,500-4,800 SF spaces.
      1901-1935 Wheeler Ave, Aransas Pass, TX 78336
      View Details
    • $1,650 /Mo
      2,185 SF

      Aransas Pass Commercial Space Available

      Prime commercial space in Aransas Pass, high-visibility location.
      336 S Commercial St, Aransas Pass, TX 78336
      View Details
    • $5 SF/Yr
      49,650 SF

      Aransas Pass Retail Space - 49,650 SF

      High-visibility retail space, former skating rink. Excellent location, ample parking.
      1920 Wheeler Ave, Aransas Pass, TX 78336
      View Details
    • $800 /Mo
      10,607 SF

      Aransas Pass Furnished Coastal Living

      Furnished one-bedroom units near shopping, restaurants, and fishing.
      428 S Commercial St, Aransas Pass, TX 78336
      View Details
    • $500 /Mo
      5,000 SF

      Modern Office Spaces For Rent

      New office spaces with all bills paid and fiber internet.
      418 S Commercial St, Aransas Pass, TX 78336
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2307 Wheeler Ave
    Aransas Pass, TX 78336-4901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.