Flex Space with Warehouse
For Sale
$695,000
3801 Saturn, Corpus Christi, TX 78413
Industrial and office configuration supports warehouse, administrative, and tenant-income functions.
Property Size5,184 SF
Price / SF$134.07
Days on Market9
Property Features for 3801 Saturn
General Information
Standard status
Active
Size
5,184 SF
Property subtype
Commercial
Building Details
Year Built
1997
Listing Agency:
Serhant Texas, LLC
(361) 792-0222
Listed By:
Homecity Real Estate
(361) 792-0222
Source:
Homecity
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 29 at 11:13AM
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 Serhant Texas, LLC
Investment Insights
Based on property information with market context.
This 5,184-square-foot flex property combines high-clearance warehouse space with multiple bay doors and flexible office suites. The configuration accommodates warehouse operations alongside administrative functions, with ample parking and drive-through access for larger vehicles. Built in 1997, the property is positioned on a prominent corner lot with dual entry points and visibility along Saturn Road in Corpus Christi’s Southside. The site is described as income-producing and currently includes tenant income, while the warehouse and office layout provides flexibility for industrial, logistics, manufacturing, or service-oriented operations.
Key Highlights
- 5,184‑square‑foot flex property with warehouse and office space
- High‑clearance warehouse area with multiple bay doors
- Flexible office suites for administrative use or tenant income
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
$37,476
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
5.39%
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%
$749,520
$749.5K
Cap Rate 7%
$535,371
$535.4K
Cap Rate 9%
$416,400
$416.4K
Market Conditions
NOI Build-Up for 5,184 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
$46.7K $9.00/SF
− Vacancy
−$2.6K −$0.50/SF
EGI
$44.1K $8.50/SF
− OpEx
−$6.6K −$1.28/SF
NOI
$37.5K $7.23/SF
Area
ZIP 78413
Vacancy
5.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$749,520
Cap Rate 7%
$535,371
Cap Rate 9%
$416,400
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,820 @ 7.0% cap · market cap 11.77%
Second Best
Warehouse
$535.4K
$468.5K – $624.6K
NOI $37,476 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,720 @ 7.0% cap · market cap 19.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78413, TX
37,531
Population
15,501
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,751
Density / Sq Mi
$71,624
Median Household Income
$44,342
Median Earnings
$1,321
Median Rent
$230,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial and office configuration supports warehouse, administrative, and tenant-income functions.
Where is this flex space located?
The property is located at 3801 Saturn Corpus Christi, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 5,184‑square‑foot flex property with warehouse and office space; High‑clearance warehouse area with multiple bay doors; Flexible office suites for administrative use or tenant income
