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 Market112
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.
Listed By:
Lynann Pinkham · License #TX #319336
(361) 815-2155
Source:
Craveyrealestate
Added: Jun 18
Changed: Sep 11
Last Checked: Oct 5 at 3:27PM
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 / Yr
$33,332
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
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
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 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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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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
