Industrial Flex Property with
For Sale
Contact for pricing
1237 Southern Minerals Rd, Corpus Christi, TX 78409
Industrial flex building includes a stabilized, concrete fenced yard with a dedicated office space.
Property Size7,010 SF
Price / SF$109.13
Days on Market716
Property Features for 1237 Southern Minerals Rd
General Information
Standard status
Active
Size
7,010 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Listing Agency:
Adame Commercial
(361) 880-5888
Listed By:
Mark Adame, CCIM, SIOR
Source:
Moodyscre
Added: Oct 1, 2024
Changed: Sep 15
Last Checked: Sep 15 at 11:43AM
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
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 = 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
$36,691
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
4.80%
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%
$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
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
$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 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%
$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.
Property Analytics
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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
Vacancy Rate% for Industrial in South region
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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
