Office Unit with Assigned
For Sale
$224,999
10308 Leopard Street, Corpus Christi, TX 78410
CommercialSale, Corpus Christi, TX
Property Size1,260 SF
Lot Size0.18 Acres
Price / SF$178.57
Days on Market174
Property Features for 10308 Leopard Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Assigned, Off Street
Exterior features
Landscaping
Subdivision
Highway Village
Lot features
Interior Lot, Landscaped, Subdivided
Standard status
Active
APN
341500030140
Size
1,260 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
HIGHWAY VILLAGE BLK 3 LOT 14
Legal Description
HIGHWAY VILLAGE BLK 3 LOT 14
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1975
Floors in Building
1
Building materials
Brick, Frame, Concrete, ShingleSiding, WoodSiding
Listing Agency:
RE/MAX Professionals
(361) 985-9393
Listed By:
Angela Martinez · License #0696715
(361) 688-3701
Added: Apr 7
Changed: Sep 21
Last Checked: Sep 27 at 2:06AM
MLS# 474471
Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,260-square-foot office unit occupies a 0.1761-acre parcel at 10308 Leopard Street in Corpus Christi. Built in 1975, the property combines brick, frame, concrete, shingle siding, and wood siding construction materials. Central heating and cooling support year-round interior use, while landscaping contributes to the exterior setting.
The property has assigned and off-street parking, with public water and public sewer service. Its Leopard Street location provides access to major roadways, supporting convenient arrival for occupants and visitors. The office configuration may accommodate professional, boutique, or personal-service operations, subject to applicable requirements.
The property has assigned and off-street parking, with public water and public sewer service. Its Leopard Street location provides access to major roadways, supporting convenient arrival for occupants and visitors. The office configuration may accommodate professional, boutique, or personal-service operations, subject to applicable requirements.
Key Highlights
- 1,260 square feet on a 0.1761‑acre parcel
- Assigned and off‑street parking
- Central heating and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,052
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$361,040
$361.0K
Cap Rate 7%
$257,886
$257.9K
Cap Rate 9%
$200,578
$200.6K
Market Conditions
NOI Build-Up for 1,260 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.3K $22.44/SF
− Vacancy
−$4.2K −$3.34/SF
EGI
$24.1K $19.10/SF
− OpEx
−$6.0K −$4.78/SF
NOI
$18.1K $14.33/SF
Area
Corpus Christi, TX
Vacancy
14.87%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$361,040
Cap Rate 7%
$257,886
Cap Rate 9%
$200,578
Alternative Uses
Best Use
Office B
$257.9K
$225.7K – $300.9K
NOI $18,052 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$299.8K
$262.3K – $349.8K
NOI $20,987 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Explore this area
Business Placement
Demographics for 78410, TX
29,545
Population
10,798
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
90%
High-School Grad
22.5 sq mi
ZIP Area
1,313
Density / Sq Mi
$77,642
Median Household Income
$45,386
Median Earnings
$1,158
Median Rent
$220,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Commercial space with central HVAC, public utilities, and off-street parking.
Where is this office units located?
The property is located at 10308 Leopard Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $224,999.
What are key features of this property?
This property features: 1,260 square feet on a 0.1761‑acre parcel; Assigned and off‑street parking; Central heating and central air conditioning
