Fully Leased Shopping
For Sale
$3,850,000
0-14041 Northwest Boulevard, Corpus Christi, TX 78410
Four occupied suites support an established commercial plaza with existing tenancy.
Property Size13,089 SF
Price / SF$294.14
Days on Market48
Property Features for 0-14041 Northwest Boulevard
General Information
Standard status
Active
Size
13,089 SF
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
KM Premier Real Estate
(361) 739-1396
Listed By:
Kamran Zarghouni · License #0527793
(361) 739-1396
Source:
Exprealty
Added: Jun 30
Changed: Aug 14
Last Checked: Aug 16 at 12:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KM Premier Real Estate
Investment Insights
Based on property information with market context.
This shopping center comprises four leased suites within a fully occupied commercial plaza. The property is currently operating without vacancies and includes established businesses, providing an existing tenant configuration for a commercial owner. The plaza is described as well maintained and positioned within Calallen’s commercial district.
Located at 0-14041 Northwest Boulevard in Corpus Christi, the property sits just off Northwest Boulevard with convenient access and exposure to surrounding traffic. Its established suite layout and current occupancy create a functioning retail-oriented commercial asset with tenants already in place.
Located at 0-14041 Northwest Boulevard in Corpus Christi, the property sits just off Northwest Boulevard with convenient access and exposure to surrounding traffic. Its established suite layout and current occupancy create a functioning retail-oriented commercial asset with tenants already in place.
Key Highlights
- Four leased suites with no current vacancies
- Fully occupied commercial plaza
- Established businesses occupy the property
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
$158,325
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
4.11%
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%
$3,166,500
$3.2M
Cap Rate 7%
$2,261,786
$2.3M
Cap Rate 9%
$1,759,167
$1.8M
Market Conditions
NOI Build-Up for 13,089 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
$235.6K $18.00/SF
− Vacancy
−$9.4K −$0.72/SF
EGI
$226.2K $17.28/SF
− OpEx
−$67.9K −$5.18/SF
NOI
$158.3K $12.10/SF
Area
Corpus Christi, TX
Vacancy
4.00%
Lease Rate
$18.00 /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%
$3,166,500
Cap Rate 7%
$2,261,786
Cap Rate 9%
$1,759,167
Alternative Uses
Best Use
Retail
$2.26M
$1.98M – $2.64M
NOI $158,325 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.11M
$2.73M – $3.63M
NOI $218,010 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78410, TX
29,545
Population
10,798
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
90%
High-School Grad
22.5 sq mi
ZIP Area
1,313
Density / Sq Mi
$77,642
Median Household Income
$45,386
Median Earnings
$1,158
Median Rent
$220,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- fi.d.o — Petco, 4101 US-77 Ste K-1, Corpus Christi, TX 78410
- Five Points Shopping Center — 4101 I-69 Access Rd, Corpus Christi, TX 78410
Frequently Asked Questions
What type of property is this?
Shopping center - Four occupied suites support an established commercial plaza with existing tenancy.
Where is this shopping center located?
The property is located at 0-14041 Northwest Boulevard Corpus Christi, TX.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Four leased suites with no current vacancies; Fully occupied commercial plaza; Established businesses occupy the property
