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$684,700

1212 E Laurel St, Rockport, TX, 78382

Off MarketInfo
CommercialInfo
Baths11,904 Sq Ft
IndustrialIndustrial
price_per_sqft$134.41 / sqft
Year BuiltBuilt in 1954

Exterior

Lot Size15,682 sqft

Building Information

Year Built1954

Land Information

APN5550-045-001-000
Lot Number1
SubdivisionSmith And Wood
Land UseCommercial
Legal DescriptionSMITH AND WOOD, BLOCK 45, LOT 1 - FRAC. OF, & 2, 15, & 16
Census Tract950301
Assessed Land Value$360,640
Assessed Improvement Value$324,060
Assessment Year2025

About this property

Exceptional opportunity to own a fully renovated 29-room motel near Rockport Beach. This turn-key property is perfect for hospitality entrepreneurs seeking a modern, income-ready asset. Property Breakdown: Total Rooms: 29 (28 renovated) - 10 Kitchen Rooms (2 King, 8 Two Queens), 7 Standard King Rooms, 11 Standard Two Queen Rooms. Amenities: Free High-Speed WiFi, Outdoor Swimming Pool, Vending Machines, Guest Laundry, Renovated Covered Patios, Outdoor Cardio/Gym Equipment, Easy Access to Rockport Beach, Harbor Fairgrounds, and Historical Arts District. Capital Improvements: Complete guest room renovation—new FF&E, bedding, flooring, stucco, electrical, plumbing, storm rated windows, and fresh paint. Operational Features: Innsoft Check-Inn software—no monthly fees, On-site manager's quarters with 1 bedroom and full kitchen, full camera security system. Investment Highlights: Fully renovated, no immediate expenses required, Flexible room types for short and extended stays, Attractive amenities drive guest satisfaction and repeat business, Prime location near Old Rockport and attractions to festivals, museums, art galleries, restaurants and bars. This is a rare chance to own a fully updated hospitality property. Schedule a private tour today!

Investor Tools

Property Icon
$684,700
Estimated Property Value
$1,020,000Estimated Mortgage Balance
$0Estimated Equity
-49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,600 /month
Positive
Cash Flow Estimate:
$3,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,200/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,972
$684,700
2025
$360,640
$324,060
$684,700
No

Tax History

Year
Tax Paid
Assessed Value
2025
$10,972
$684,700

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rockport Hotelier Inc
Commercial
$1,020,000
No
First
Mar 23, 2017
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$827,223
N/A
0%
121%
$6,116/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Rockport

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1212 E Laurel St | Property Details | No Agent List