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$1,300,000

NAL Estimated Property Value

121 Cut Off Road, Port Aransas, TX, 78373

$1,690,000 ARVInfo
Off MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths6,169 Sq Ft
OfficeOffice
price_per_sqft$434.43 / sqft
Year BuiltBuilt in 1979

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size28,967 sqft

Building Information

Year Built1979
Roof Type105

Land Information

APN0387-0000-0010
Lot Number1
SubdivisionBalinese Flats-Pa
Land UseCommercial
Legal DescriptionBALINESE FLATS-PA LT 1
Census Tract005104
Assessed Land Value$869,220
Assessed Improvement Value$430,780
Assessment Year2025

About this property

121 Cutoff Road, Port Aransas, TX. Commercial property aka “ The Balinese”. Desirable location in town Port Aransas. Property consists of the main building approximately 4489 sq. ft plus 4 modern rental suites and a salt water swimming pool. Current use of the main building is 2232 sq. ft. of office space with a full kitchen. The entire office space has been leased to anchor tenant Stewart Title on a five year net lease. 1637 sq. ft. of Wellness Spa & Boutique would be available for new owners use or could be leased out. Also includes an on site laundry facility. There is an additional 620 sq. ft. one bedroom apartment at the north end of the building with a fenced in yard. Impact windows throughout. Roof was replaced in December 2017. Property in X flood zone with elevation over 13’. Main building also includes a 750 sq. ft. roof top covered deck with views of the ship channel. 4 modern studio suites in back built in 2019 with a beautiful 11 x 30 pool. Two additional storage rooms. Hardi board construction. These suites are currently vacation rentals. Lot is 0.665 acres or 28,974 square feet. Great opportunity to convert this commercial property to meet your needs. Ideal location for offices, retail or medical facility. Lighted sign recently rebuilt/ refurbished. Possible owner finance. High traffic area on Cutoff Road. Broker/Owner. Shown by appointment only.

Investor Tools

Property Icon
$1,300,000
Estimated Property Value
$722,211Estimated Mortgage Balance
$577,789Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$1,690,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$16,080 /month
Positive
Cash Flow Estimate:
$5,360 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,934/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,714
$1,300,000
2025
$869,220
$430,780
$1,300,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,714
$1,300,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ocean View Property Group Ltd
Seller Carryback / Seller Financing / Seller Take-Back
$750,000
No
First
Jun 30, 2009
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$722,211
$577,789
44%
56%
$6,558/mo

City: Port Aransas

121 Cut Off Road | Property Details | No Agent List