Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,435,000
Commercial real estate
324 Ocean Blvd Los Fresnos, TX 78566-3667
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-3319215
Property summary
AI-generated overview
This exceptional special-purpose property, located at 324 Ocean Blvd. in Los Fresnos, Texas, presents a fantastic opportunity for a small business or office. Built in 2006, this single-tenant suite offers a convenient and desirable location in the heart of Los Fresnos, Cameron County, zip code 78566. The property boasts a prime address, making it easily accessible to customers and employees. While this specific listing is for a single suite, it's important to note that additional suites are available within the same building, measuring 782 sq. ft. and 1050 sq. ft. respectively. Interested parties should inquire for further details on these additional spaces. This is a single-story building, ideal for businesses seeking a straightforward and efficient workspace. The property's location in Los Fresnos offers excellent visibility and accessibility, making it an attractive option for a variety of businesses. A significant incentive is offered: the first month's rent is free. This property is ready for immediate occupancy and presents a unique opportunity to establish a presence in a thriving community. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Total area
17,730 SF
Lot
0.65 ac (28,122 SF)
APN
37-0000-0530-0151-00
UPID
US82-3319215
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
-
T-Mobile Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Sugar Freezz Cafe 3 Cafe & Coffee Shop
-
The Budo Kai Dojo Training Center Sports School
-
Julian Fernando Alvarez-Arroyave Pediatrician Medical Clinic
-
EKLE Construction Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.76M
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$2.44M
Owner & transaction history
Rafati Property Management LLC · 3 yrs held
Rafati Property Management LLC
since 2022
3 recorded transactions
Zoning & alternative use
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 Los Fresnos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Fresnos 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,990,000
6.5%
$2,760,000
7%
$2,565,000
Blend value · Realmo final
$2.44M
Range $2.19M – $2.68M · ±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
$137 / 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
$37,198
Tax year 2023
Assessed value
$1,579,910
Assessed 2024
Previous assessed
$1,659,820
-4.8% YoY
Effective rate
2.35%
On assessed value
Assessed land
$140,625
Assessed improvement
$1,439,285
Land market value
$140,625
Improvement market value
$1,439,285
Total market value
$1,579,910
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2006
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
17,730 SF
Lot
0.65 ac (28,122 SF)
APN
37-0000-0530-0151-00
UPID
US82-3319215
Jurisdiction
CAMERON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2006
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.65 ac
Current owner
From public records · entity-resolved
Rafati Property Management LLC
Entity
Free & Clear · 3 yrs held
Mailing address
18038 GRANITE HL DR, SAN ANTONIO, TX 78255-3363
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2022
—
Rafati Property Management LLC
Smart Star Properties Ltd
Warranty Deed
—
Dec 5, 2016
—
Smart Star Properties Ltd
—
Deed
related
$706,725 · Wells Fargo Financial National Bank
Apr 25, 2008
—
Smart Star Properties Ltd
Lf Development INC
Venders Lien
$1,018,524 · International Bank Of Commerce
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 324 Ocean Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
