Industrial Land with Existing
For Sale
$400,000
2214 Winnebago St, Corpus Christi, TX 78401
Heavy industrial zoning supports evaluation of multiple commercial and industrial use possibilities.
Property Size1,098 SF
Days on Market2237
Property Features for 2214 Winnebago St
General Information
Standard status
Active
Size
1,098 SF
Property subtype
Industrial
Building Details
Building Size
1,098 SF
Year Built
1955
Listing Agency:
Coldwell Banker Pacesetter Ste
Listed By:
Faryce Macon · License #0642661
(361) 815-4608
Source:
National-onerealty
Added: Sep 18, 2020
Changed: Nov 2
Last Checked: Nov 1 at 12:00PM
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 Coldwell Banker Pacesetter Ste
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Investment Insights
Based on property information with market context.
This industrial land property includes an unoccupied single-residential house and a former restaurant stand positioned along the front of the property. The property is being offered in its existing condition, with no repairs by the seller, and the construction year is listed as 1955.
Located along Winnebago near the intersection of Port Avenue in Corpus Christi, the property falls within the City of Corpus Christi’s Washington-Coles Downtown Area Development Plan. City GIS data identifies the site as being in the “I H” Heavy Industrial Zoning District. Building, subdivision, zoning, and permitted-use requirements should be confirmed with the City of Corpus Christi Planning Department and Development Services.
Located along Winnebago near the intersection of Port Avenue in Corpus Christi, the property falls within the City of Corpus Christi’s Washington-Coles Downtown Area Development Plan. City GIS data identifies the site as being in the “I H” Heavy Industrial Zoning District. Building, subdivision, zoning, and permitted-use requirements should be confirmed with the City of Corpus Christi Planning Department and Development Services.
Key Highlights
- “I H” Heavy Industrial Zoning District per City GIS data
- Unoccupied single‑residential house on the property
- Former restaurant stand located along the front of the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,281
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,620
$265.6K
Cap Rate 7%
$189,729
$189.7K
Cap Rate 9%
$147,567
$147.6K
Market Conditions
NOI Build-Up for 1,098 SF
Gross rent
$19.8K $18.00/SF
− Vacancy
−$791 −$0.72/SF
EGI
$19.0K $17.28/SF
− OpEx
−$5.7K −$5.18/SF
NOI
$13.3K $12.10/SF
Area
Corpus Christi, TX
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,620
Cap Rate 7%
$189,729
Cap Rate 9%
$147,567
Alternative Uses
Best Use
Retail
$189.7K
$166.0K – $221.4K
NOI $13,281 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.3K
$228.6K – $304.8K
NOI $18,288 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
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Business Placement
Demographics for 78401, TX
4,701
Population
2,115
Households
2.2
Avg Household Size
44
Median Age
15%
College-Educated
78%
High-School Grad
2.2 sq mi
ZIP Area
2,137
Density / Sq Mi
$37,796
Median Household Income
$22,254
Median Earnings
$930
Median Rent
$76,100
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial land - Heavy industrial zoning supports evaluation of multiple commercial and industrial use possibilities.
Where is this industrial land located?
The property is located at 2214 Winnebago St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: “I H” Heavy Industrial Zoning District per City GIS data; Unoccupied single‑residential house on the property; Former restaurant stand located along the front of the property
