Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    217 Spruce St, Unit 9 Corpus Christi, TX 78408

    Sponsored
    For Sale
    Contact for pricing

    LAND - Corpus Christi, TX

    Lot size:
    0.04 Acres
    Days on Market:
    10
    Last Refresh:
    Jan 20 at 9:06 pm

    Property Features for 217 Spruce St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    530500050090
    Lot size
    0.04 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Annalisa Rios

    eXp Realty, LLC (888) 519-7431 [email protected]

    Listing agent Annalisa Rios (361) 793-7655 License #0752560

    Listing date Jan 11, 2026

    MLS# 469298 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Corpus Christi

    Located in Corpus Christi, this 1,951 sq ft residential lot is situated minutes from downtown, schools, shopping, and the Bayfront. The property offers possibilities for building a home, developing a rental property, or holding land in a growing market. Owner financing is available. The lot is located in an established neighborhood with utilities available nearby. The manageable size keeps entry costs affordable while still allowing creative freedom for new construction, whether that's a home, a modern bungalow, or even a long term rental investment to generate passive income. Investors may appreciate the area's steady rental demand, proximity to major employers, and quick access to I-37 and downtown amenities. The location offers the chance to start fresh with new construction in a convenient location. The lot is approximately 0.04 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.412155
    Latitude
    27.79101

    Nearby Similar for Sale

    • $300,000
      1,540 SF

      Income-Producing Corner Lot Property

      Versatile 4-bedroom home with income potential in Corpus Christi.
      1302 Aswan Dr, Corpus Christi, TX 78412
      View Details
    • $620,000
      6,624 SF

      Versatile Acreage with Multiple Structures

      6.71 acres with residences, garage, and office space.
      2977 Cr 37, Corpus Christi, TX 78417
      View Details
    • $425,000
      Pending

      Restored Fourplex Near Corpus Christi Bayfront

      Versatile property near the bayfront, ideal for investors or owner-occupants.
      1112 6Th St, Corpus Christi, TX 78404
      View Details
    • New
      $2,100,000
      7,264 SF

      Ocean Drive Multifamily Executive Suites

      Remodeled multifamily property with bay views, ideal for short-term rentals.
      1601 Ocean Dr, Corpus Christi, TX 78404
      View Details
    • $525,000
      3,232 SF

      Mixed-Use Property in Corpus Christi

      Income-producing mixed-use property with commercial zoning and redevelopment potential.
      1802 Morgan Ave, Corpus Christi, TX 78404
      View Details
    • $1,100,000
      10,000 SF

      Corpus Christi Warehouse with Offices

      Light industrial warehouse with office space and truck access.
      3701 Apollo Rd, Corpus Christi, TX 78413
      View Details
    • $2,200,000
      12,442 SF

      Commercial Property Near Padre Island

      Two offices and a large warehouse near Padre Island.
      2248 Flour Bluff Dr, Corpus Christi, TX 78418
      View Details
    • $3,699,900
      39,814 SF

      Corpus Christi Multifamily Investment Opportunity

      Cash-flowing 40-unit townhome-style property in Corpus Christi's Southside.
      3702 Thornberry Ct, Corpus Christi, TX 78415
      View Details
    • $350,000
      2,793 SF

      Rebuilt Gem in Corpus Christi

      Commercial building with residential features, rebuilt with high-end finishes.
      618 Staples St, Corpus Christi, TX 78401
      View Details
    • $1,100,000
      8,076 SF

      Corpus Christi Commercial Building For Sale

      8,076 sq ft commercial building in Corpus Christi, Texas.
      422 S Enterprize Pkwy, Corpus Christi, TX 78405
      View Details
    • $1,500,000
      8,899 SF

      Versatile Industrial Property on NAS Drive

      Light industrial property with multiple buildings in prime location.
      721 Nas Dr, Corpus Christi, TX 78418
      View Details
    • $1,300,000
      2,500 SF

      Corpus Christi Turnkey Mechanic's Garage

      Mechanic's garage or industrial operation with high visibility and frontage.
      1169 S Padre Island Dr, Corpus Christi, TX 78416
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1,951 sq ft residential lot with owner financing available.
    Where is this residential land & home lot located?
    The property is located at 217 Spruce St, Unit 9 Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $20,000.
    What are key features of this property?
    This property features: - Owner financing available, providing flexibility.; - Prime location in the heart of Corpus Christi, minutes from downtown, schools, shopping, and the Bayfront.; - Excellent investment potential with steady rental demand and proximity to major employers and I-37.
    (361) 793-7655
    Request Owner's contact information
    217 Spruce St, Unit 9 Corpus Christi, TX 78408
    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.
    217 Spruce St, Unit 9
    Corpus Christi, TX 78408
    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
    217 Spruce St, Unit 9 Corpus Christi, TX 78408
    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

    We can help!
    Listing Contact
    Annalisa Rios
    Real Estate License ID: 0752560
    (361) 793-7655
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.