Calallen Multi-Tenant Investment
For Sale
Contact for pricing
14317 NW Blvd, Corpus Christi, TX
Multi-tenant investment property in a prime growth area.
Property Size12,347 SF
Lot Size1.49 Acres
Price / SF$161.17
Days on Market1012
Property Features for 14317 NW Blvd
General Information
Standard status
Active
Size
12,347 SF
Lot size
1.49 Acres
Property subtype
OFFICE
Listing Agency:
Gulftex Properties
(361) 992-9700
Listed By:
Burris W. McRee, CCIM, CPM
Source:
Moodyscre
Added: Jan 18, 2024
Changed: Oct 25
Last Checked: Oct 24 at 8:19PM
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 Gulftex Properties
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-tenant investment property is located in the Calallen area. The property consists of six individual tenant spaces. The building has a size of 12347 square feet.
Key Highlights
- Investment property
- Located in the prime growth area of Calallen
- Multi‑tenant property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,900
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,538,000
$3.5M
Cap Rate 7%
$2,527,143
$2.5M
Cap Rate 9%
$1,965,556
$2.0M
Market Conditions
NOI Build-Up for 12,347 SF
Gross rent
$277.1K $22.44/SF
− Vacancy
−$41.2K −$3.34/SF
EGI
$235.9K $19.10/SF
− OpEx
−$59.0K −$4.78/SF
NOI
$176.9K $14.33/SF
Area
Corpus Christi, TX
Vacancy
14.87%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,538,000
Cap Rate 7%
$2,527,143
Cap Rate 9%
$1,965,556
Alternative Uses
Best Use
Office B
$2.53M
$2.21M – $2.95M
NOI $176,900 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,652 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant investment property in a prime growth area.
Where is this office building located?
The property is located at 14317 NW Blvd Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Investment property; Located in the prime growth area of Calallen; Multi‑tenant property
