549 Navigation Blvd, Corpus Christi, TX
Operating restaurant, bar, and auto shop on busy corner.
- Added:
- Nov 9, 2022
- Days on Market:
- 1308
- Last Refresh:
- May 20 at 9:02 pm
Property Features for 549 Navigation Blvd
General Information
- Standard status
- Active
- Size
- 8,294 SF
- Lot size
- 0.22 Acres
- Property subtype
- OFFICE
Listing agent Matthew Cravey License #0409080 (361) 877-2463
Listing office Cravey Real Estate Services, Inc. (361) 877-2463
Listing date Nov 9, 2022
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 Cravey Real Estate Services, Inc.
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.
- Includes two vacant lots.
- Located on a lighted corner of a busy intersection.
- Frontage on three streets: Leopard St, Navigation, and High Starr Dr.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Brewster Street Ice House — 1724 N Tancahua St, Corpus Christi, TX 78401
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.4533
- Latitude
- 27.7964
