Restaurant, Bar, and Auto
549 Navigation Blvd Corpus Christi, TX
For Sale
Contact for pricing
Operating restaurant, bar, and auto shop on busy corner.
Property Size8,294 SF
Lot Size0.22 Acres
Price / SF$241.14
Days on Market1353
Property Features for 549 Navigation Blvd
General Information
- Standard status
- Active
- Size
- 8,294 SF
- Lot size
- 0.22 Acres
- Property subtype
- OFFICE
Listing Agency:
Cravey Real Estate Services, Inc.
(361) 877-2463
Listed By:
Matthew Cravey · License #0409080
(361) 877-2463
Source:
Moodyscre
Added: Nov 9, 2022
Changed: Jul 6
Last Checked: Jul 21 at 6:12AM
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 Cravey Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
The property includes two buildings totaling 8,294 square feet and two vacant lots. A fully furnished restaurant and bar are currently operating. The restaurant is located downstairs at 5101 Leopard, and the bar is upstairs at the same address. Additionally, 549 Navigation is operating as Doug's Automotive, with a monthly rent of $2,300 (NNN). The property is situated on a lighted corner at a busy intersection, with frontage on Leopard Street, Navigation Boulevard, and High Starr Drive.
Key Highlights
- Fully furnished and operating restaurant and bar included.
- Existing tenant (Doug's Automotive) provides immediate rental income of $2,300/month NNN.
- Property includes two buildings totaling 8,294 sq ft.
Financial Insights For Specialty Retail
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 | $149.3k | $18.00 |
| − Vacancy | −$6.0k | −$0.72 |
| EGI | $143.3k | $17.28 |
| − OpEx | −$35.8k | −$4.32 |
| NOI | $107.5k | $12.96 |
8,294 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.54M
$1.34M – $1.79M
NOI $107,490 @ 7.0% cap · market cap 5.37%
Second Best
Retail
$1.43M
$1.25M – $1.67M
NOI $100,324 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,145 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Doug's Automotive and Truck ...
Auto Repair Shop
Similar Off Market Nearby
- The Cabaret Gentlemen's Club — 5401 Leopard St, Corpus Christi, TX 78408
- party place — 4842 Leopard St, Corpus Christi, TX 78408
- G Spot — 609 mc bride ln, corpus christi, tx 78408
- Lou's Bar-B-Que Etc — 5101 Leopard St, Corpus Christi, TX 78408
- Circle K — 5202 Ih 37 Access, Corpus Christi, TX 78407
FAQs
What type of property is this?
Bar & Pub - Operating restaurant, bar, and auto shop on busy corner.
Where is this bar & pub located?
The property is located at 549 Navigation Blvd Corpus Christi, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Fully furnished and operating restaurant and bar included.; Existing tenant (Doug's Automotive) provides immediate rental income of $2,300/month NNN.; Property includes two buildings totaling 8,294 sq ft.
