Coffee Shop Building with Adjacent
For Sale
$395,000
1124 Ayers Street, Corpus Christi, TX 78404
COMMERCIAL - Corpus Christi, TX
Property Size2,583 SF
Lot Size0.07 Acres
Price / SF$152.92
Days on Market112
Property Features for 1124 Ayers Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Fitchue Place
Lot features
Corner Lot
Standard status
Active
APN
245109030640
Size
2,583 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
FITCHUE PL W40' OF LTS 62 THRU 64 BK 903
Legal Description
FITCHUE PL W40' OF LTS 62 THRU 64 BK 903
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Listing Agency:
CORE Coastal Realty
(361) 985-2673
Listed By:
Al Perez · License #0411634
(361) 947-5150
Added: Apr 24
Changed: Aug 4
Last Checked: Aug 13 at 1:06AM
MLS# 475556
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.
Former Nuevo Cafe coffee shop building now available for sale, offering a blank slate for a restaurant, café, bar, retail, or office concept. The property includes the building plus two adjacent lots, providing convenient parking across the street.
Situated at 1124 Ayers Street in Corpus Christi (Nueces County), the site is approximately 0.07 acres and contains 2,583 square feet. Built in 1955, the building is served by public water and public sewer, with central cooling and central electric heating.
With a compact, street-facing footprint and on-site building improvements already in place, the property can support a range of small-format commercial uses that benefit from visibility and nearby parking access.
Situated at 1124 Ayers Street in Corpus Christi (Nueces County), the site is approximately 0.07 acres and contains 2,583 square feet. Built in 1955, the building is served by public water and public sewer, with central cooling and central electric heating.
With a compact, street-facing footprint and on-site building improvements already in place, the property can support a range of small-format commercial uses that benefit from visibility and nearby parking access.
Key Highlights
- Former Nuevo Cafe building ready for restaurant, café, bar, retail, or office use
- Includes the building plus two adjacent lots for parking across the street
- 2,583 SF building on a 0.07‑acre site
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
$33,476
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
8.47%
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%
$669,520
$669.5K
Cap Rate 7%
$478,229
$478.2K
Cap Rate 9%
$371,956
$372.0K
Market Conditions
NOI Build-Up for 2,583 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
$46.5K $18.00/SF
− Vacancy
−$1.9K −$0.72/SF
EGI
$44.6K $17.28/SF
− OpEx
−$11.2K −$4.32/SF
NOI
$33.5K $12.96/SF
Area
Corpus Christi, TX
Vacancy
4.00%
Lease Rate
$18.00 /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%
$669,520
Cap Rate 7%
$478,229
Cap Rate 9%
$371,956
Alternative Uses
Best Use
Specialty Retail
$478.2K
$418.5K – $557.9K
NOI $33,476 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$614.6K
$537.8K – $717.0K
NOI $43,022 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,304
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78404, TX
15,339
Population
6,884
Households
2.2
Avg Household Size
42
Median Age
23%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
4,793
Density / Sq Mi
$60,264
Median Household Income
$45,864
Median Earnings
$1,172
Median Rent
$180,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Coffee Mugg — 1112 Morgan Ave, Corpus Christi, TX 78404
- Donut World — 2317 Ayers St, Corpus Christi, TX 78404
- Hester's Cafe Six Points — 1714 S Alameda St, Corpus Christi, TX 78404
- Six Points Nutrition — 1717 S Staples St, Corpus Christi, TX 78404
- Bien Mérité Bakery and Restaurant — 1336 S Staples St, Corpus Christi, TX 78404
Frequently Asked Questions
What type of property is this?
Coffee shop - Former Nuevo Cafe building with central air, electric heat, and two adjacent lots for parking across the street.
Where is this coffee shop located?
The property is located at 1124 Ayers Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Former Nuevo Cafe building ready for restaurant, café, bar, retail, or office use; Includes the building plus two adjacent lots for parking across the street; 2,583 SF building on a 0.07‑acre site
