Ayers Street Multi-Use
For Sale
Contact for pricing
6110 Ayers St, Corpus Christi, TX
Multi-use facility on Ayers near Saratoga, built in 2013.
Property Size12,748 SF
Lot Size3.76 Acres
Price / SF$192.19
Days on Market762
Property Features for 6110 Ayers St
General Information
Standard status
Active
Size
12,748 SF
Lot size
3.76 Acres
Property subtype
RETAIL
Listing Agency:
Adame Commercial
(361) 880-5888
Listed By:
Mark Adame, CCIM, SIOR
Source:
Moodyscre
Added: Oct 1, 2024
Changed: Jul 6
Last Checked: Oct 30 at 6:09PM
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 Adame Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-use facility is located on Ayers Street near Saratoga. Currently, the facility is used as a large bingo hall and special event center. Constructed in 2013, the building features tilt-wall construction and a complete concrete parking lot. A large pylon sign is available facing Ayers Street. The property has frontage visibility on Ayers and excellent access to Saratoga and the Crosstown Expressway. There is a covered drop-off area. The property's flexible use allows it to be subdivided for multiple users. Excess land is available for expansion. The property size is 12,748 square feet.
Key Highlights
- Prime location on Ayers near Saratoga with excellent access and high visibility
- Flexible use property suitable for multiple purposes or subdivision
- Superior tilt‑wall construction and complete concrete parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$154,200
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,084,000
$3.1M
Cap Rate 7%
$2,202,857
$2.2M
Cap Rate 9%
$1,713,333
$1.7M
Market Conditions
NOI Build-Up for 12,748 SF
Gross rent
$229.5K $18.00/SF
− Vacancy
−$9.2K −$0.72/SF
EGI
$220.3K $17.28/SF
− OpEx
−$66.1K −$5.18/SF
NOI
$154.2K $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 Rate 5%
$3,084,000
Cap Rate 7%
$2,202,857
Cap Rate 9%
$1,713,333
Alternative Uses
Best Use
Retail
$2.20M
$1.93M – $2.57M
NOI $154,200 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.03M
$2.65M – $3.54M
NOI $212,331 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Multi-use facility on Ayers near Saratoga, built in 2013.
Where is this storefront property located?
The property is located at 6110 Ayers St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Prime location on Ayers near Saratoga with excellent access and high visibility; Flexible use property suitable for multiple purposes or subdivision; Superior tilt‑wall construction and complete concrete parking lot
