Auto Shop Property with Paint
For Sale
$495,000
610 N Port Avenue, Corpus Christi, TX 78408
CommercialSale, Corpus Christi, TX
Property Size5,663 SF
Lot Size0.56 Acres
Price / SF$87.41
Days on Market168
Property Features for 610 N Port Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commer
Zoning description
Commer
Subdivision
Port Ave Properties
Lot features
Interior Lot
Standard status
Active
APN
692600050051
Size
5,663 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Description
PORT AVE PROP LT 5 & ALL LT 6 BLK 5
Legal Description
PORT AVE PROP LT 5 & ALL LT 6 BLK 5
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Amenities
Three private offices
Four restrooms
Heated steel work buildings with restrooms
Paint booth with heating and down draft air suction
Two small storage buildings
Wraparound driveway
Drive through access
Building Details
Year built
1946
Floors in Building
1
Listing Agency:
RE/MAX Professionals
(361) 985-9393
Listed By:
Connie Esparza · License #0476315
(361) 765-0059
Added: Apr 9
Changed: Aug 19
Last Checked: Sep 23 at 12:06AM
MLS# 470918
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 5,663-square-foot auto shop property includes a portable office building with three private offices and four restrooms. Two large steel work buildings feature tin roofs, heaters, and dedicated restrooms. The site also contains a heated paint booth with down-draft air suction, plus two smaller storage buildings for equipment and materials.
Set on 0.56 acres, the property has a wraparound driveway and drive-through access for cars, trucks, and trailers. Public water and public sewer serve the site, while cooling is provided by window units. Built in 1946 and zoned Commer, the property is configured for automotive, trade, and specialty painting operations.
Set on 0.56 acres, the property has a wraparound driveway and drive-through access for cars, trucks, and trailers. Public water and public sewer serve the site, while cooling is provided by window units. Built in 1946 and zoned Commer, the property is configured for automotive, trade, and specialty painting operations.
Key Highlights
- 5,663‑square‑foot auto shop property on 0.56 acres
- Heated paint booth with down‑draft air suction
- Two large steel work buildings with heaters and dedicated restrooms
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
$29,640
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
5.99%
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%
$592,800
$592.8K
Cap Rate 7%
$423,429
$423.4K
Cap Rate 9%
$329,333
$329.3K
Market Conditions
NOI Build-Up for 5,663 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
$45.5K $8.04/SF
− Vacancy
−$3.2K −$0.56/SF
EGI
$42.3K $7.48/SF
− OpEx
−$12.7K −$2.24/SF
NOI
$29.6K $5.23/SF
Area
Corpus Christi, TX
Vacancy
7.00%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
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%
$592,800
Cap Rate 7%
$423,429
Cap Rate 9%
$329,333
Alternative Uses
Best Use
Retail
$978.6K
$856.3K – $1.14M
NOI $68,500 @ 7.0% cap · market cap 13.84%
Second Best
Flex RnD
$851.9K
$745.4K – $993.9K
NOI $59,631 @ 7.0% cap · market cap 12.05%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,323 @ 7.0% cap · market cap 19.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78408, TX
11,023
Population
4,543
Households
2.4
Avg Household Size
37
Median Age
8%
College-Educated
69%
High-School Grad
5.9 sq mi
ZIP Area
1,868
Density / Sq Mi
$43,096
Median Household Income
$30,621
Median Earnings
$979
Median Rent
$82,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Cano Arturo — 102 Mohawk St, Corpus Christi, TX 78405
- Avalos Automotive — 121 Osage St, Corpus Christi, TX 78405
- Universal Auto Service — 102 Mohawk St, Corpus Christi, TX 78405
- Joes Paint & Body Shop — 518 Eleanor St, Corpus Christi, TX 78405
- Danny's Body Shop — 502 S Port Ave, Corpus Christi, TX 78405
Frequently Asked Questions
What type of property is this?
Auto shop - Multiple work buildings, offices, restrooms, storage structures, and drive-through circulation support automotive operations.
Where is this auto shop located?
The property is located at 610 N Port Avenue Corpus Christi, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 5,663‑square‑foot auto shop property on 0.56 acres; Heated paint booth with down‑draft air suction; Two large steel work buildings with heaters and dedicated restrooms
