Flour Bluff Commercial Property

2248 Flour Bluff Dr, Corpus Christi, TX 78418

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For Sale

$2,200,000

Commercial property with office buildings and a large warehouse for sale.

Property size:

8,150 SF

Lot size:

1.32 Acres

Price / SF:

$269/SF

HighLights

Large 8150sf Warehouse ideal for storage, manufacturing, or distribution.
Excellent Location: Minutes from SPID, Naval Air Station, N. Padre Island, Laguna Madre, and Mustang Island.
Two Separate Office Buildings provide ample office space (1572sf and 2720sf).
CG‑2 Zoning allows for a wide range of general commercial business uses.
Substantial 34474sf Concrete Parking offers significant parking capacity.
Covered Canopy suitable for RV or Boat storage.

We can help!

Listing Contact

Gene Guernsey

For Sale

$2,200,000

Commercial property with office buildings and a large warehouse for sale.

Property size:

8,150 SF

Lot size:

1.32 Acres

Price / SF:

$269/SF

Added:: Feb 20, 2024
Days on Market:: 844
Last Refresh:: Jan 20 at 9:01 am

Property Features for 2248 Flour Bluff Dr

General Information

Standard status: Active
Size: 8,150 SF
Lot size: 1.32 Acres

We can help!

Listing Contact

Gene Guernsey

Listing agent Gene Guernsey License #0372996

Listing office Gene Guernsey & Assoc.Realtors

Listing date Feb 20, 2024

Source Exprealty

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 Gene Guernsey & Assoc.Realtors

HighLights

Large 8150sf Warehouse ideal for storage, manufacturing, or distribution.
Excellent Location: Minutes from SPID, Naval Air Station, N. Padre Island, Laguna Madre, and Mustang Island.
Two Separate Office Buildings provide ample office space (1572sf and 2720sf).
CG‑2 Zoning allows for a wide range of general commercial business uses.
Substantial 34474sf Concrete Parking offers significant parking capacity.
Covered Canopy suitable for RV or Boat storage.

Overview

This commercial property is located in the growing Flour Bluff Drive area, offering convenient access to SPID, Naval Air Station, North Padre Island, Laguna Madre, and Mustang Island. The property includes two separate office buildings and a large warehouse. According to NCAD, the property features a 1572 square foot office, a 2720 square foot office, and an 8150 square foot shop/warehouse. The concrete parking area measures 34474 square feet. Additionally, there is a covered canopy suitable for RV or boat storage. The property is zoned CG-2 for general commercial business use.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$201.5k	$24.72
− Vacancy	−$25.4k	−$3.12
EGI	$176.0k	$21.60
− OpEx	−$44.0k	−$5.40
NOI	$132.0k	$16.20

8,150 SF · lease $24.72/SF/yr · vacancy 12.62% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.89M

$1.65M – $2.20M (±1% cap)

NOI $132,032 @ 7.0% cap · market cap 6.00%

Second Best

Warehouse

$946.9K

$828.5K – $1.10M (±1% cap)

NOI $66,280 @ 7.0% cap · market cap 3.01%

Theoretical Best

Office A

$3.12M

$2.73M – $3.63M (±1% cap)

NOI $218,088 @ 7.0% cap · market cap 9.91%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Aim Directional Services Oil And Gas Exploration Service

Suggested Use

Similar Places Nearby

Byars RV Storage — 1017 Bullfinch St, Corpus Christi, TX 78418
Overflow Garage — 1017 Waldron Rd, Corpus Christi, TX 78418
Mike's Marine — 945 Waldron Rd, Corpus Christi, TX 78418
Move It Self Storage — 9337 S Padre Island Dr, Corpus Christi, TX 78418
Angler's Edge Storage — 945 Waldron Rd, Corpus Christi, TX 78418

Location Insight

Map
Local Demand

City: Corpus Christi
County: Nueces
State: Texas
Longitude: -97.3085
Latitude: 27.6577

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For sale
Warehouses
TX
Corpus Christi
78418
2248 Flour Bluff Dr

What type of property is this?

Warehouse - Commercial property with office buildings and a large warehouse for sale.

Where is this warehouse located?

The property is located at 2248 Flour Bluff Dr Corpus Christi, TX.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Large 8150sf Warehouse ideal for storage, manufacturing, or distribution.; Excellent Location: Minutes from SPID, Naval Air Station, N. Padre Island, Laguna Madre, and Mustang Island.; Two Separate Office Buildings provide ample office space (1572sf and 2720sf).