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Property profile & analytics
OFF-MARKET
Strip malls
337 Alister St 345 Port Aransas, TX 78373-4106
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2838393
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1996
Total area
6,472 SF
Lot
0.61 ac (26,441 SF)
Zoning code
BUS
APN
1110-0002-0060
UPID
US82-2838393
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
-
Castaway’s Seafood & Grill Restaurant
-
The Studio Gym & Fitness Center
-
Funky Mutts Groovy Cuts Pet Grooming & Beach Accessories Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kj Island Investments LP · 12 yrs held
Kj Island Investments LP
since 2013
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$20,128
Tax year 2023
Assessed value
$1,724,550
Assessed 2024
Previous assessed
$1,592,759
+8.3% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,321,500
Assessed improvement
$403,050
Land market value
$1,321,500
Improvement market value
$403,050
Total market value
$1,724,550
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1996
Heating
NONE
Total area
6,472 SF
Lot
0.61 ac (26,441 SF)
Zoning code
BUS
APN
1110-0002-0060
UPID
US82-2838393
Jurisdiction
NUECES
Zoning & alternative use
BUS · Port Aransas, TXZoning 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
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Lot
0.61 ac
Current owner
From public records · entity-resolved
Kj Island Investments LP
Entity
Mailing address
373 BAYSIDE DR, PORT ARANSAS, TX 78373-4929
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2013
—
Kj Island Investments LP
Pelican Operating Ltd
Grant Deed
related
$850,000 · American Bank
Oct 20, 2006
—
Pelican Operating Ltd
Port A USA INC
Grant Deed
related
—
—
—
Kj Island Investments LP
—
Deed Of Trust
related
$712,400 · American Bk
—
—
Kj Island Investments LP
—
Deed Of Trust
related
$890,500 · American Bk
—
—
Kj Island Investments LP
—
Deed Of Trust
related
$525,000 · American Bk NA
—
—
Kj Island Investments LP
—
Loan Modification
related
$712,400 · American Bk
—
—
Kj Island Investments LP
—
Loan Modification
related
$712,400 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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