Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1403 E Corral Avenue Kingsville, TX 78363

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $245,000

    Government-leased office building with long-term tenant and recent updates.

    Type:Office
    Property size:
    3,185 SF
    Price / SF:
    $76/SF
    Added:
    Oct 22, 2024
    Days on Market:
    562
    Last Refresh:
    Apr 1 at 8:44 pm

    Property Features for 1403 E Corral Avenue

    General Information

    Standard status
    Active
    Size
    3,185 SF
    Property subtype
    Office

    Building Details

    Year Built
    2013

    We can help!

    Listing Contact
    Johnny Enzo

    Listing agent Johnny Enzo

    Listing office RE/MAX ELITE

    Listing date Oct 22, 2024

    Source Xome

    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 ELITE

    Overview

    Office Building Investment Opportunity

    This 3,185-square-foot building presents an investment opportunity with a government contract. Currently operating as the WIC building, the property benefits from a long-term government tenant, providing a steady income stream. The building is in excellent condition, potentially resulting in low maintenance. A new exterior paint job was completed at the end of May 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WIC Social Service Agency Kingsville WIC Clinic Government Economic Program

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingsville
    County
    Kleberg
    State
    Texas
    Longitude
    -97.850236
    Latitude
    27.530217

    Nearby Similar for Sale

    • $650,000
      5,080 SF

      Kingsville Commercial Building For Sale

      Remodeled building in Kingsville's historic downtown district.
      221 E Kleberg Avenue, Kingsville, TX 78363
      View Details
    • $199,000
      3,490 SF

      Kingsville Commercial Investment Opportunity

      Two commercial buildings on 0.5 acres with high visibility.
      290 N County Road 1040, Kingsville, TX 78363
      View Details
    • $775,000
      6,996 SF

      Kingsville Commercial Property on 3.64 Acres

      Versatile commercial property in Kingsville, Texas, with redevelopment potential.
      1111 E D Avenue, Kingsville, TX 78363
      View Details
    • $522,000
      6,000 SF

      Kingsville Commercial Investment Opportunity

      Prime downtown commercial property with immediate revenue potential.
      314, 316 E Kleberg Avenue, Kingsville, TX 78363
      View Details
    • $250,000
      7,065 SF

      Kingsville Commercial Property For Sale

      Commercial property in Kingsville, TX, featuring 7,065 square feet.
      1508 S 6th Street, Kingsville, TX 78363
      View Details
    • $450,000
      3,514 SF

      Mixed-Use Property in Kingsville, TX

      Profitable laundromat with residential units for additional income.
      313 S 12th, Kingsville, TX 78363
      View Details
    • $200,000
      3,628 SF

      Kingsville Historical District Commercial Building

      Versatile commercial space in Kingsville's Historical District, ready for customization.
      312 N 6th Street, Kingsville, TX 78363
      View Details
    • $775,000
      6,996 SF

      Kingsville Commercial Property for Sale

      3.64-acre commercial property with 6,996 SF building in Kingsville, TX.
      1111 E D Ave, Kingsville, TX 78363
      View Details
    • $650,000
      5,080 SF

      Renovated Building in Historic Downtown

      Spacious, renovated building in Kingsville's historic downtown area.
      221 E Kleberg Avenue, Kingsville, TX 78363
      View Details
    • $900,000
      5,984 SF

      Kingsville Retail Space For Rent

      1,300 SF retail space in a high-traffic Kingsville location.
      307 S 14th St, Kingsville, TX
      View Details
    • $449,999
      12,560 SF

      Kingsville Warehouse with Office Space

      12,500 sq ft warehouse with office space in Kingsville.
      1413 E Corral Avenue, Kingsville, TX 78363
      View Details
    • $180,000

      Kingsville Investment Opportunity with Land

      Income potential near Texas A&M and Naval Air Station.
      1131 W Kenedy Avenue lot: 10, Kingsville, TX 78363
      View Details

    FAQs

    What type of property is this?
    Office building - Government-leased office building with long-term tenant and recent updates.
    Where is this office building located?
    The property is located at 1403 E Corral Avenue Kingsville, TX.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: Long‑term government tenant ensures steady and reliable income stream.; Prime location offers high‑return investment potential.; Building is in excellent condition, promising low maintenance.
    (361) 777-7653
    We can help!
    Listing Contact
    Johnny Enzo
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1403 E Corral Avenue, Kingsville, TX 78363
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!