Former Bank Building For
For Sale
$2,000,000
5875 Weber Rd, Corpus Christi, TX 78413
Former bank building suitable for banking or professional office use.
Property Size5,600 SF
Lot Size1.46 Acres
Price / SF$357.14
Days on Market703
Property Features for 5875 Weber Rd
General Information
Standard status
Active
Size
5,600 SF
Lot size
1.46 Acres
Listing Agency:
Cobb, Lundquist & Atnip, Inc.
(361) 510-4232
Listed By:
Cliff Atnip · License #0415947
(361) 510-4232
Source:
Exprealty
Added: Aug 28, 2024
Changed: Jul 6
Last Checked: Jul 30 at 11:30AM
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 Cobb, Lundquist & Atnip, Inc.
Investment Insights
Based on property information with market context.
The property at 5875 Weber Rd is a former bank building. The main building is approximately 5,600 sq. ft., with an additional drive-thru area of approximately 1,100 sq. ft. Zoned CG-2 Commercial General 2, the property contains an original vault and safety deposit boxes, along with some existing furniture. It is ideal for re-establishing as a bank or repurposing for professional office use. Potential uses include a banking institution, leveraging the existing vault and safety deposit boxes, or professional office space suitable for legal, medical, or corporate offices. The drive-thru area offers a unique feature for businesses requiring customer service windows or drive-through convenience. The existing furniture and secure vault may offer cost savings and added security features for the next occupant.
Key Highlights
- Former Bank Building with Existing Vault and Safety Deposit Boxes, ideal for banking or secure storage.
- CG‑2 Commercial Zoning offers versatile options for various business types.
- Drive‑Thru provides convenience for businesses needing customer service windows.
Financial Insights For Office B
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 | $138.4k | $24.72 |
| − Vacancy | −$20.6k | −$3.68 |
| EGI | $117.8k | $21.04 |
| − OpEx | −$29.5k | −$5.26 |
| NOI | $88.4k | $15.78 |
5,600 SF · lease $24.72/SF/yr · vacancy 14.87% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $88,385 @ 7.0% cap · market cap 4.42%
Second Best
Specialty Retail
$865.8K
$757.6K – $1.01M
NOI $60,606 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,771 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 78413, TX
37,531
Population
15,501
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,751
Density / Sq Mi
$71,624
Median Household Income
$44,342
Median Earnings
$1,321
Median Rent
$230,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Former bank building suitable for banking or professional office use.
Where is this bank located?
The property is located at 5875 Weber Rd 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: Former Bank Building with Existing Vault and Safety Deposit Boxes, ideal for banking or secure storage.; CG‑2 Commercial Zoning offers versatile options for various business types.; Drive‑Thru provides convenience for businesses needing customer service windows.
