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Corner Plaza Near London School

1290 FM 43 Corpus Christi, TX 78415

1290 FM 43, Corpus Christi, TX, 78415
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For Sale
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Corner commercial plaza in growing Corpus Christi area for sale.

Property Size24,560 SF
Price / SF$242.26
AddedJan 22, 2025
Days on Market540
Last RefreshJul 13 at 3:47 am

Property Features for 1290 FM 43

General Information

Standard status
Active
Size
24,560 SF
Property subtype
Retail

Building Details

Year Built
2022

Listing office TRE Teifke Real Estate

Listing date Jan 22, 2025

Source Crexi

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 TRE Teifke Real Estate


Investment Insights

Based on property information with market context.

This commercial plaza, constructed in November 2022, is located on a corner lot across from the London School District, along the main highway in the London area of Corpus Christi. The property offers prime frontage in an area experiencing rapid growth. The plaza includes a turf courtyard with a stage designed for community engagement and events. The property has a size of 24560 square feet. The building is constructed out of CMU block. The plaza is 100% leased with tenants on NNN leases.

Key Highlights

  • 100% Leased with NNN Leases: Provides immediate and stable income.
  • Prime Location: Corner lot across from London School District on the main highway.
  • High‑Growth Area: Located in an area growing 7 times faster than the rest of Corpus Christi.

Local Financial Insights For 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 $442.1k $18.00
− Vacancy −$37.6k −$1.53
EGI $404.5k $16.47
− OpEx −$121.4k −$4.94
NOI $283.2k $11.53
24,560 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$4.05M
$3.54M – $4.72M (±1% cap)
NOI $283,152 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.84M
$5.11M – $6.82M (±1% cap)
NOI $409,071 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Francisco Aguilar - State ... Insurance Agency Third Coast Water ... Mill Pelican's SnoBalls Bakery Corpus Christi Cooking ... Training Center LONDON HAIR SALON Hair Salon

Suggested Use

HVAC Service Auto Repair Shop Storage Facility Bakery Cafe & Coffee Shop Hair Salon Building Supply Big Box & Wholesale Store Travel Agency Daycare Center

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

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FAQs

What type of property is this?
Shopping center - Corner commercial plaza in growing Corpus Christi area for sale.
Where is this shopping center located?
The property is located at 1290 FM 43 Corpus Christi, TX.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: 100% Leased with NNN Leases: Provides immediate and stable income.; Prime Location: Corner lot across from London School District on the main highway.; High‑Growth Area: Located in an area growing 7 times faster than the rest of Corpus Christi.
Contact an agent
(361) 694-3917 Call to check price and availability
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