5118 Leopard St, Corpus Christi, TX
11,900 SF warehouse with large yard and easy access.
- Added:
- Oct 2, 2024
- Days on Market:
- 627
- Last Refresh:
- May 20 at 9:48 pm
Property Features for 5118 Leopard St
General Information
- Standard status
- Active
- Size
- 11,900 SF
- Lot size
- 0.48 Acres
- Property subtype
- INDUSTRIAL
Listing agent Mark Adame, CCIM, SIOR
Listing office Adame Commercial (361) 880-5888
Listing date Oct 2, 2024
Source Moodyscre
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
HighLights
- Excellent location: 1/2 mile from Hwy. 358 & IH 37, near refineries and the airport.
- Large 11,900 SF warehouse (170' x 70').
- Fully fenced lot with exterior pack lights.
- Easy access to SH 358 & IH 37.
- Extra large OH doors.
- 20' eave height, 22' peak height, and 3 phase electric.
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.0k | $8.40 |
| − Vacancy | −$7.0k | −$0.59 |
| EGI | $93.0k | $7.81 |
| − OpEx | −$13.9k | −$1.17 |
| NOI | $79.0k | $6.64 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Move It Self Storage — 4302 Callicoatte Rd, Corpus Christi, TX 78410
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.4564
- Latitude
- 27.798
