Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1121 Ocean Drive lot 6 Corpus Christi, TX 78404

    View on Map
    For Sale
    $289,900

    LAND - Corpus Christi, TX

    Lot size:
    0.15 Acres
    Added:
    Jun 7, 2020
    Days on Market:
    2125
    Last Refresh:
    Apr 1 at 10:06 am

    Property Features for 1121 Ocean Drive lot 6

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    048600010060
    Lot size
    0.15 Acres

    Taxes and HOA fees

    TaxDescription
    BAY VIEW LT 6 BK 1

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Marcial Ramirez

    Listing agent Marcial Ramirez License #0549357

    Listing office Corpus Christi Realty Group 5334 Everhart Rd, Corpus Christi, TX

    Listing date Jun 7, 2020

    MLS# 364030

    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.

    Overview

    Land with Bay Views

    This commercial land, located in Corpus Christi, Texas, offers bay views. The lot size is 0.1483 acres. The property presents possibilities to build an office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.395561
    Latitude
    27.78109

    Nearby Similar for Sale

    • $759,900
      5,184 SF

      Versatile Income-Producing Commercial Property

      Industrial and office property on a prominent corner lot.
      3801 Saturn, Corpus Christi, TX 78413
      View Details
    • $850,000
      6,603 SF

      High-Visibility Commercial Property on Staples

      0.97-acre property with redevelopment potential on a high-traffic thoroughfare.
      5918 S Staples Street, Corpus Christi, TX 78413
      View Details
    • $900,000
      6,146 SF

      Renovated Commercial Building, Corpus Christi

      Turnkey, renovated commercial building suitable for daycare, medical, or office use.
      10102 S Padre Island Drive, Corpus Christi, TX 78418
      View Details
    • $1,000,000
      7,170 SF

      Prime Commercial Building on Everhart

      7,170 SF commercial building in a high-traffic Corpus Christi location.
      4929 Everhart, Corpus Christi, TX 78411
      View Details
    • $589,000
      2,800 SF

      Waterfront Commercial Property For Sale

      Coastal commercial asset with redevelopment potential in Corpus Christi, TX.
      1101 Laguna Shores, Corpus Christi, TX 78418
      View Details
    • $3,500,000
      6,670 SF

      Operating Restaurant on SPID Frontage

      Income-producing restaurant with development upside in high-traffic location.
      1949 S Padre Island Drive, Corpus Christi, TX 78416
      View Details
    • $1,200,000
      3,000 SF

      Waterfront Restaurant Opportunity

      Remodeled waterfront restaurant on the Intracoastal Waterway in Corpus Christi.
      4242 Laguna Shores, Corpus Christi, TX 78418
      View Details
    • $3,960
      3,000 SF

      Versatile Commercial Space in Corpus Christi

      3,000 SF commercial space ideal for medical or office use.
      5801 Patton Street, Corpus Christi, TX 78414
      View Details
    • $499,999
      3,720 SF

      Restaurant/Retail Building on Leopard Street

      3,720 sqft commercial building on a 30,557 sqft lot.
      10136 Leopard Street, Corpus Christi, TX 78410
      View Details
    • $1,890,000
      12,100 SF

      Multi-Building Commercial Property on 0.95 Acres

      12,100 SF multi-building commercial property with established tenants.
      5502 Burnham Drive, Corpus Christi, TX 78413
      View Details
    • $475,000
      1,540 SF

      Corpus Christi Commercial Corner Lot

      Corner lot with office, garage, and storage in Corpus Christi.
      5134 Williams Drive, Corpus Christi, TX 78411
      View Details
    • $2,300,000
      8,410 SF

      New Corpus Christi Event Center

      Energy-efficient venue ready for weddings, services, theatre, and more.
      6606 Jefferson, Corpus Christi, TX 78414
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale with bay views in Corpus Christi.
    Where is this commercial land located?
    The property is located at 1121 Ocean Drive lot 6 Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: Beautiful bay views; Lot available for building; Suitable for building an office
    (361) 510-8998
    We can help!
    Listing Contact
    Marcial Ramirez
    Real Estate License ID: 0549357
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!