Industrial Flex Property with
1237 Southern Minerals Rd, Corpus Christi, TX 78409
For Sale
Contact for pricing
Industrial flex building includes a stabilized, concrete fenced yard with a dedicated office space.
Property Size7,010 SF
Price / SF$109.13
Days on Market772
Property Features for 1237 Southern Minerals Rd
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Fenced Yard
Outdoor Storage
Listing Agency:
Adame Commercial
(361) 880-5888
Listed By:
Mark Adame, CCIM, SIOR
Source:
Moodyscre
Added: Oct 1, 2024
Changed: Nov 2
Last Checked: Nov 10 at 10:37AM
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 Adame Commercial
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Investment Insights
Based on property information with market context.
This industrial flex property features a large stabilized and concrete yard secured with fencing and a large slide gate. A clean, separate office provides dedicated workspace for management or operations.
The property is centrally located near refineries and offers easy access to I-37, supporting day-to-day logistics and access needs.
As a flex-style setup with yard storage and office space, the layout is suited to businesses that require both on-site staging and functional administrative space.
The property is centrally located near refineries and offers easy access to I-37, supporting day-to-day logistics and access needs.
As a flex-style setup with yard storage and office space, the layout is suited to businesses that require both on-site staging and functional administrative space.
Key Highlights
- Industrial flex building with a stabilized, concrete fenced yard
- Dedicated, clean separate office
- Fenced yard includes a large slide gate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,691
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,820
$733.8K
Cap Rate 7%
$524,157
$524.2K
Cap Rate 9%
$407,678
$407.7K
Market Conditions
NOI Build-Up for 7,010 SF
Gross rent
$56.4K $8.04/SF
− Vacancy
−$3.9K −$0.56/SF
EGI
$52.4K $7.48/SF
− OpEx
−$15.7K −$2.24/SF
NOI
$36.7K $5.23/SF
Area
Corpus Christi, TX
Vacancy
7.00%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,820
Cap Rate 7%
$524,157
Cap Rate 9%
$407,678
Alternative Uses
Best Use
Flex RnD
$1.05M
$922.7K – $1.23M
NOI $73,815 @ 7.0% cap · market cap 9.65%
Second Best
Industrial
$524.2K
$458.6K – $611.5K
NOI $36,691 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,759 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78409, TX
2,570
Population
1,013
Households
2.5
Avg Household Size
39
Median Age
14%
College-Educated
75%
High-School Grad
18.4 sq mi
ZIP Area
140
Density / Sq Mi
$62,813
Median Household Income
$33,078
Median Earnings
$986
Median Rent
$133,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Corpus Christi, TX
Properties on Market for Flex space in Corpus Christi
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex building includes a stabilized, concrete fenced yard with a dedicated office space.
Where is this flex space located?
The property is located at 1237 Southern Minerals Rd Corpus Christi, TX.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Industrial flex building with a stabilized, concrete fenced yard; Dedicated, clean separate office; Fenced yard includes a large slide gate
