Medical Office
For Sale
Contact for pricing
1215 Santa Fe Street, Corpus Christi, TX 78404
Configured for healthcare and professional office operations with access to major thoroughfares.
Property Size9,244 SF
Price / SF$270.45
Days on Market108
Property Features for 1215 Santa Fe Street
General Information
Standard status
Active
Size
9,244 SF
Class
B
Property subtype
Office
Zoning
ON
Occupancy
100%
Building Details
Year Built
2010
Year Renovated
2013
Buildings
1
Units
1
Listing Agency:
KW Commercial - New Braunfels
Listed By:
Tom Verducci · License #537279
Source:
Crexi
Added: Jul 2
Changed: Oct 15
Last Checked: Oct 16 at 6:03AM
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 KW Commercial - New Braunfels
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Investment Insights
Based on property information with market context.
Located at 1215 Santa Fe Street in Corpus Christi, Texas, this 9,244-square-foot medical office property was built in 2010. Its current medical-office configuration accommodates patient movement, administrative functions, and staff operations, while also supporting professional office use.
The property is positioned near major thoroughfares within an established commercial setting that includes medical, professional, and retail users. Zoning is ON. The existing layout and improvements provide a foundation for continued healthcare occupancy or adaptation to other professional office requirements.
The property is positioned near major thoroughfares within an established commercial setting that includes medical, professional, and retail users. Zoning is ON. The existing layout and improvements provide a foundation for continued healthcare occupancy or adaptation to other professional office requirements.
Key Highlights
- 9,244‑square‑foot medical office property
- Built in 2010
- Current medical‑office configuration supports patient, administrative, and staff functions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,442
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,648,840
$2.6M
Cap Rate 7%
$1,892,029
$1.9M
Cap Rate 9%
$1,471,578
$1.5M
Market Conditions
NOI Build-Up for 9,244 SF
Gross rent
$207.4K $22.44/SF
− Vacancy
−$30.8K −$3.34/SF
EGI
$176.6K $19.10/SF
− OpEx
−$44.1K −$4.78/SF
NOI
$132.4K $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%
$2,648,840
Cap Rate 7%
$1,892,029
Cap Rate 9%
$1,471,578
Alternative Uses
Best Use
Office B
$1.89M
$1.66M – $2.21M
NOI $132,442 @ 7.0% cap · market cap 5.30%
Second Best
Healthcare Medical
$1.54M
$1.35M – $1.80M
NOI $107,822 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$2.20M
$1.92M – $2.57M
NOI $153,968 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78404, TX
15,339
Population
6,884
Households
2.2
Avg Household Size
42
Median Age
23%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
4,793
Density / Sq Mi
$60,264
Median Household Income
$45,864
Median Earnings
$1,172
Median Rent
$180,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for healthcare and professional office operations with access to major thoroughfares.
Where is this medical office space located?
The property is located at 1215 Santa Fe Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 9,244‑square‑foot medical office property; Built in 2010; Current medical‑office configuration supports patient, administrative, and staff functions
