Retail and Office
For Sale
$249,900
10308 Leopard St, Corpus Christi, TX 78410
Flexible commercial suite with visibility and convenient access to major roadways for retail or professional use.
Property Size1,260 SF
Days on Market154
Property Features for 10308 Leopard St
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
1,260 SF
Year Built
1975
Listing Agency:
RE/MAX Professionals
Listed By:
Angela Martinez · License #0696715
(361) 688-3701
Source:
National-onerealty
Added: Apr 7
Changed: Aug 25
Last Checked: Sep 6 at 10:28AM
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 RE/MAX Professionals
Investment Insights
Based on property information with market context.
This commercial suite at 10308 Leopard St, Corpus Christi, TX is configured to support a variety of business uses. The space is described as versatile enough for activities such as a hair salon, nail salon, professional office, or boutique retail concept, making it suitable for owner-occupants who want to operate and control their own space.
The offering is positioned with easy access to major roadways. The property’s location is also described as offering visibility and convenience for clients and customers, which can be important for storefront or customer-facing operations.
For tenants or buyers seeking an owner-occupied retail or office environment, this suite provides a straightforward option with built-in flexibility across common personal service and professional formats. If you are looking to transition from leasing to owning, the property may fit well as a business headquarters where your operation can be matched to the suite’s described layout and adaptable use. Contact a local agent to arrange a showing and confirm how the space aligns with your intended concept.
The offering is positioned with easy access to major roadways. The property’s location is also described as offering visibility and convenience for clients and customers, which can be important for storefront or customer-facing operations.
For tenants or buyers seeking an owner-occupied retail or office environment, this suite provides a straightforward option with built-in flexibility across common personal service and professional formats. If you are looking to transition from leasing to owning, the property may fit well as a business headquarters where your operation can be matched to the suite’s described layout and adaptable use. Contact a local agent to arrange a showing and confirm how the space aligns with your intended concept.
Key Highlights
- Commercial suite at 10308 Leopard Street in Corpus Christi
- Flexible space suited for retail or professional use
- Convenient access to major roadways
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
$15,241
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
6.10%
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%
$304,820
$304.8K
Cap Rate 7%
$217,729
$217.7K
Cap Rate 9%
$169,344
$169.3K
Market Conditions
NOI Build-Up for 1,260 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
$22.7K $18.00/SF
− Vacancy
−$907 −$0.72/SF
EGI
$21.8K $17.28/SF
− OpEx
−$6.5K −$5.18/SF
NOI
$15.2K $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%
$304,820
Cap Rate 7%
$217,729
Cap Rate 9%
$169,344
Alternative Uses
Best Use
Retail
$217.7K
$190.5K – $254.0K
NOI $15,241 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$299.8K
$262.3K – $349.8K
NOI $20,987 @ 7.0% cap · market cap 8.40%
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
302
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial suite with visibility and convenient access to major roadways for retail or professional use.
Where is this retail space located?
The property is located at 10308 Leopard St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Commercial suite at 10308 Leopard Street in Corpus Christi; Flexible space suited for retail or professional use; Convenient access to major roadways
