Mixed-Use Property with Storage
For Sale
$850,000
5918 S Staples Street, Corpus Christi, TX 78413
CommercialSale, Corpus Christi, TX
Property Size6,603 SF
Lot Size0.97 Acres
Price / SF$128.73
Days on Market191
Property Features for 5918 S Staples Street
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
Garvin
Lot features
Interior Lot
Standard status
Active
APN
275500010040
Size
6,603 SF
Lot size
0.97 Acres
Taxes and HOA fees
Tax Description
GARVIN LT 4 BK 1
Legal Description
GARVIN LT 4 BK 1
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1989
Floors in Building
1
Listing Agency:
Coldwell Banker Pacesetter Steel · Coldwell Banker Real Estate
(361) 992-9231
Listed By:
Doug Nichols · License #0747730
(361) 739-2251
Added: Feb 24
Changed: Sep 2
Last Checked: Sep 3 at 8:06PM
MLS# 472185
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 0.97-acre mixed-use property includes 6,603 square feet of improvements, with a metal building, office space, a residential home, and a substantial storage yard. The site is currently used for boat repair and storage, with room for equipment storage, fleet parking, or laydown operations. Central heating, natural gas, central air, window units, public water, and public sewer are in place. The improvements were built in 1989.
Located at 5918 S Staples Street in Corpus Christi, the property sits between Holly and Wooldridge on a heavily traveled commercial corridor. South Padre Island Drive, also identified as TX-358, is approximately one mile away. Its combination of commercial improvements, residential space, and open yard area supports continued operational use or a different site configuration.
Located at 5918 S Staples Street in Corpus Christi, the property sits between Holly and Wooldridge on a heavily traveled commercial corridor. South Padre Island Drive, also identified as TX-358, is approximately one mile away. Its combination of commercial improvements, residential space, and open yard area supports continued operational use or a different site configuration.
Key Highlights
- 0.97‑acre property with 6,603 square feet of improvements
- Metal building with office space, residential home, and storage yard
- Currently used for boat repair and storage
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
$77,998
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
9.18%
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%
$1,559,960
$1.6M
Cap Rate 7%
$1,114,257
$1.1M
Cap Rate 9%
$866,644
$866.6K
Market Conditions
NOI Build-Up for 6,603 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
$138.7K $21.00/SF
− Vacancy
−$13.9K −$2.10/SF
EGI
$124.8K $18.90/SF
− OpEx
−$46.8K −$7.09/SF
NOI
$78.0K $11.81/SF
Area
ZIP 78413
Vacancy
10.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,559,960
Cap Rate 7%
$1,114,257
Cap Rate 9%
$866,644
Alternative Uses
Best Use
Mixed Use
$1.11M
$975.0K – $1.30M
NOI $77,998 @ 7.0% cap · market cap 9.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.51M
$2.19M – $2.92M
NOI $175,417 @ 7.0% cap · market cap 20.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,481
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a metal building, office space, residence, and expansive storage yard.
Where is this mixed-use property located?
The property is located at 5918 S Staples Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 0.97‑acre property with 6,603 square feet of improvements; Metal building with office space, residential home, and storage yard; Currently used for boat repair and storage
