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Property profile & analytics
OFF-MARKET
Turn key restaurants
3500 Is Moorings Pkwy, Port Aransas, TX 78373-4912
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-5418762
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1987
Total area
1,076 SF
Lot
4.51 ac (196,456 SF)
Zoning code
BUS
APN
3731-0001-0070
UPID
US82-5418762
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
-
Island Moorings Yacht Club & Marina Marina
-
FTF Geocacher Magazine Publishing House
-
No Le Hace Sailing Adventures (Bike/Boat/Book/etc) Store
-
Captain Kirk's Tiki Cruises (Bike/Boat/Book/etc) Store
-
CKP Enterprises, Inc Business To Business 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
Blue Water Marina LLC · 21 yrs held
Blue Water Marina LLC
since 2004
2 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
$61,440
Tax year 2023
Assessed value
$4,861,869
Assessed 2024
Previous assessed
$4,861,869
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$4,322,023
Assessed improvement
$539,846
Land market value
$4,322,023
Improvement market value
$539,846
Total market value
$4,861,869
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1987
Heating
NONE
Buildings
2
Total area
1,076 SF
Lot
4.51 ac (196,456 SF)
Zoning code
BUS
APN
3731-0001-0070
UPID
US82-5418762
Jurisdiction
NUECES
Zoning & alternative use
BUS · Port Aransas, TX
Zoning 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
Port Aransas. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Buildings
2
Lot
4.51 ac
Current owner
From public records · entity-resolved
Blue Water Marina LLC
Entity
Free & Clear · 21 yrs held
Mailing address
5201 CP BOWIE BLVD STE #200, FORT WORTH, TX 76107-4878
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2004
$2,500,000
Blue Water Marina LLC
Conoly,david Z
Trustees Deed
—
—
—
Blue Water Marina LLC
—
Deed Of Trust
related
$1,500,000 · Texas Champion Bank
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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