Leopard Street Retail/Warehouse
13340 Leopard St Corpus Christi, TX
For Sale
Contact for pricing
Freestanding retail/warehouse building suitable for retail or storage.
Property Size14,860 SF
Lot Size0.77 Acres
Price / SF$87.48
Days on Market1354
Property Features for 13340 Leopard St
General Information
- Standard status
- Active
- Size
- 14,860 SF
- Lot size
- 0.77 Acres
- Property subtype
- RETAIL
Properties For Sale
at 13340 Leopard St Contact us
Listing Agency:
Cravey Real Estate Services, Inc.
(361) 877-2463
Listed By:
Matthew Cravey · License #0409080
(361) 877-2463
Source:
Moodyscre
Added: Nov 9, 2022
Changed: Jul 6
Last Checked: Jul 25 at 2:47AM
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 building, formerly an appliance mart, features concrete tilt wall construction and concrete parking. The property backs up to a Chili's parking lot and is suitable for use as a retail store or for storage. The building includes an air-conditioned showroom of approximately 7,620 square feet with a 13-foot ceiling, and a warehouse of approximately 6,400 square feet with a 21-foot ceiling. It also features a pit-type loading dock. The property size is 14,860 square feet. Current property taxes are $17,474.31.
Key Highlights
- Freestanding building with concrete tilt wall construction.
- Air conditioned showroom (approx. 7,620 SF) with 13' ceiling.
- Warehouse (approx. 6,400 SF) with 21' ceiling.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.8k | $8.40 |
| − Vacancy | −$8.7k | −$0.59 |
| EGI | $116.1k | $7.81 |
| − OpEx | −$17.4k | −$1.17 |
| NOI | $98.7k | $6.64 |
14,860 SF · lease $8.40/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$2.57M
$2.25M – $3.00M
NOI $179,747 @ 7.0% cap · market cap 13.83%
Second Best
Warehouse
$1.41M
$1.23M – $1.64M
NOI $98,673 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$3.54M
$3.09M – $4.13M
NOI $247,508 @ 7.0% cap · market cap 19.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Appliance Mart
Home Appliance Store
WS Energy Management
Corporate Office
FAQs
What type of property is this?
Retail space - Freestanding retail/warehouse building suitable for retail or storage.
Where is this retail space located?
The property is located at 13340 Leopard St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Freestanding building with concrete tilt wall construction.; Air conditioned showroom (approx. 7,620 SF) with **13' ceiling**.; Warehouse (approx. 6,400 SF) with **21' ceiling**.
