Light Industrial Warehouse with
For Sale
$1,100,000
3701 Apollo, Corpus Christi, TX 78413
CommercialSale, Corpus Christi, TX
Property Size10,000 SF
Lot Size0.38 Acres
Price / SF$110
Days on Market255
Property Features for 3701 Apollo
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Subdivision
Nottarb Place
Lot features
Corner Lot, Level
Standard status
Active
APN
578500020100
Size
10,000 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Description
NOTTARB PLACE BLK 2 LOT 10
Legal Description
NOTTARB PLACE BLK 2 LOT 10
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Amenities
break room
full kitchen
meeting room
Building Details
Year built
1973
Floors in Building
1
Building materials
MetalSiding
Listing Agency:
Texas Premier Realty
(210) 844-8683
Listed By:
Vicky Correa · License #0515209
(361) 688-5103
Added: Jan 2
Changed: Sep 12
Last Checked: Sep 14 at 4:06PM
MLS# 469345
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 warehouse property at 3701 Apollo in Corpus Christi contains approximately 10,000 square feet, including about 1,200 square feet of office area. The metal-sided building dates to 1973 and includes a break room with a full kitchen, a meeting room, and a shop area with high ceilings. Two roll-up doors measure approximately 10 feet by 10 feet and 10 feet by 12 feet.
Recent work includes a central air-conditioning unit, upgraded warehouse lighting, new office flooring and carpet, a resurfaced parking lot, and concrete improvements at the truck docking area. Public water and sewer serve the property, with central heating powered by natural gas and central air conditioning. The site is near major highways and offers off-street parking.
Recent work includes a central air-conditioning unit, upgraded warehouse lighting, new office flooring and carpet, a resurfaced parking lot, and concrete improvements at the truck docking area. Public water and sewer serve the property, with central heating powered by natural gas and central air conditioning. The site is near major highways and offers off-street parking.
Key Highlights
- Approximately 10,000 SF warehouse with about 1,200 SF of office space
- Two roll‑up doors measuring approximately 10x10 feet and 10x12 feet
- Recent warehouse lighting, office flooring and carpet, and central AC improvements
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
$72,293
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
6.57%
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%
$1,445,860
$1.4M
Cap Rate 7%
$1,032,757
$1.0M
Cap Rate 9%
$803,256
$803.3K
Market Conditions
NOI Build-Up for 10,000 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
$90.0K $9.00/SF
− Vacancy
−$5.0K −$0.50/SF
EGI
$85.1K $8.50/SF
− OpEx
−$12.8K −$1.28/SF
NOI
$72.3K $7.23/SF
Area
ZIP 78413
Vacancy
5.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,445,860
Cap Rate 7%
$1,032,757
Cap Rate 9%
$803,256
Alternative Uses
Best Use
Office B
$2.25M
$1.97M – $2.63M
NOI $157,831 @ 7.0% cap · market cap 14.35%
Second Best
Warehouse
$1.03M
$903.7K – $1.20M
NOI $72,293 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$3.80M
$3.32M – $4.43M
NOI $265,663 @ 7.0% cap · market cap 24.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78413, TX
37,531
Population
15,501
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,751
Density / Sq Mi
$71,624
Median Household Income
$44,342
Median Earnings
$1,321
Median Rent
$230,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Metal-sided facility includes a break room, full kitchen, meeting room, and off-street parking.
Where is this warehouse located?
The property is located at 3701 Apollo Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 10,000 SF warehouse with about 1,200 SF of office space; Two roll‑up doors measuring approximately 10x10 feet and 10x12 feet; Recent warehouse lighting, office flooring and carpet, and central AC improvements
