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    1301 N Chaparral St Corpus Christi, TX 78401

    View on Map
    Sponsored
    Pending
    $449,000

    Industrial - Corpus Christi, TX

    Type:Industrial
    Property size:
    10,240 SF
    Lot size:
    0.33 Acres
    Days on Market:
    505
    Last Refresh:
    Mar 19 at 11:06 pm

    Property Features for 1301 N Chaparral St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Pending
    APN
    054000440010
    Parking features
    Garage
    Size
    10,240 SF
    Lot size
    0.33 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1925
    Floors in Building
    2
    Building materials
    Other, Stucco, Wood Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Alfred Rodriguez

    RE/MAX Results (713) 777-7653

    Listing agent Alfred Rodriguez (713) 777-7653

    Listing date Oct 31, 2024

    MLS# 442567 Listing URL

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Redevelopment Opportunity in Booming Downtown

    Originally constructed in 1925, this property presents an opportunity for redevelopment or new construction. The building, having been gutted, is eligible for the Downtown TIRZ #3 Opportunity Zone program. Situated in the SEA district, named for Sports, Entertainment, and Arts, the location offers access to various amenities. The district is home to Whataburger Field, where the Hooks play, live theater, ballet, concerts, Friday night fireworks, and a waterpark. The area also caters to hockey and arena football fans. Located at the southern edge of the Corpus Christi Ship Channel, under the Harbor Bridge, the property provides views of ships involved in international trade at the nation's 4th largest seaport. The downtown area is experiencing new development, making this an opportune time for development and redevelopment projects. The lot size is 0.33 acres. The property encompasses 10240 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FDA US Group ... Consultant

    Suggested Use

    Real Estate Agency Restaurant Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon 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
    -97.394982
    Latitude
    27.803676

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    FAQs

    What type of property is this?
    Commercial land - Prime real estate for redevelopment or new developments in booming downtown.
    Where is this commercial land located?
    The property is located at 1301 N Chaparral St Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: - Prime Real Estate in Booming Downtown SEA (Sports, Entertainment, Arts) District; - Redevelopment or New Development Opportunity; - Qualifies for Downtown TIRZ #3 Opportunity Zone Program
    (713) 777-7653
    Request Owner's contact information
    1301 N Chaparral St Corpus Christi, TX 78401
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    Corpus Christi, TX 78401
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    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
    1301 N Chaparral St Corpus Christi, TX 78401
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    We can help!
    Listing Contact
    Alfred Rodriguez
    (713) 777-7653 (832) 661-4550
    Learn more
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