Freestanding Multi-Tenant Retail
For Sale
$500,000
5702 McArdle Rd, Corpus Christi, TX 78412
Freestanding multi-tenant retail building on a small site with flexible space for retail, service, wellness, or professional use.
Property Size2,490 SF
Lot Size0.23 Acres
Price / SF$200.80
Days on Market67
Property Features for 5702 McArdle Rd
General Information
Standard status
Active
Size
2,490 SF
Lot size
0.23 Acres
Property subtype
Retail
Zoning
CN-1
Building Details
Building Size
2,490 SF
Year Built
2006
Tenancy
Multi
Listing Agency:
Cravey Real Estate Services, Inc.
(361) 815-2155
Listed By:
Lynann Pinkham · License #TX #319336
(361) 815-2155
Source:
Craveyrealestate
Added: Jun 18
Changed: Aug 14
Last Checked: Aug 23 at 3:53AM
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 Cravey Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This freestanding multi-tenant retail building totals 2,490 SF and is situated on a 9,801 SF (0.23-acre) site. Constructed in 2006, the property offers a flexible layout intended to support retail, service, wellness, or professional uses. The building’s multi-tenant configuration is designed to accommodate more than one occupant within the same structure.
Located in Corpus Christi’s established Midtown/South Side commercial district, the property provides visibility and access along McArdle Road. The CN-1 zoning supports a variety of neighborhood commercial uses.
For owner-occupants and investors, the building’s configuration can be evaluated for tenant mix and ongoing lease optimization, while still offering a straightforward option for an operator seeking space with rental income potential.
Located in Corpus Christi’s established Midtown/South Side commercial district, the property provides visibility and access along McArdle Road. The CN-1 zoning supports a variety of neighborhood commercial uses.
For owner-occupants and investors, the building’s configuration can be evaluated for tenant mix and ongoing lease optimization, while still offering a straightforward option for an operator seeking space with rental income potential.
Key Highlights
- Freestanding multi‑tenant retail building built in 2006
- 2,490 SF building on a 9,801 SF (0.23‑acre) site
- Located in Corpus Christi’s established Midtown/South Side commercial district
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,332
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$666,640
$666.6K
Cap Rate 7%
$476,171
$476.2K
Cap Rate 9%
$370,356
$370.4K
Market Conditions
NOI Build-Up for 2,490 SF
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.
Gross rent
$49.6K $19.92/SF
− Vacancy
−$2.0K −$0.80/SF
EGI
$47.6K $19.12/SF
− OpEx
−$14.3K −$5.74/SF
NOI
$33.3K $13.39/SF
Area
ZIP 78412
Vacancy
4.00%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$666,640
Cap Rate 7%
$476,171
Cap Rate 9%
$370,356
Alternative Uses
Best Use
Retail
$476.2K
$416.7K – $555.5K
NOI $33,332 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$609.6K
$533.4K – $711.2K
NOI $42,669 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,493
Businesses Nearby
Explore this area
Business Placement
Demographics for 78412, TX
38,783
Population
16,874
Households
2.3
Avg Household Size
33
Median Age
31%
College-Educated
91%
High-School Grad
8.6 sq mi
ZIP Area
4,510
Density / Sq Mi
$60,509
Median Household Income
$32,154
Median Earnings
$1,242
Median Rent
$188,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding multi-tenant retail building on a small site with flexible space for retail, service, wellness, or professional use.
Where is this retail space located?
The property is located at 5702 McArdle Rd Corpus Christi, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Freestanding multi‑tenant retail building built in 2006; 2,490 SF building on a 9,801 SF (0.23‑acre) site; Located in Corpus Christi’s established Midtown/South Side commercial district
