Freestanding Retail/Warehouse Building For
13340 Leopard St, Corpus Christi, TX 78410
For Sale
Contact for pricing
Freestanding retail/warehouse building suitable for retail or storage.
Property Size14,860 SF
Price / SF$87.48
Days on Market1464
Property Features for 13340 Leopard St
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Year Built
Listing Agency:
Cravey Real Estate Services Inc
Listed By:
Matthew Cravey · License TX #0409080
(361) 877-2463
Source:
Crexi
Added: Nov 9, 2022
Changed: Aug 8
Last Checked: May 7 at 4:23AM
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
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Investment Insights
Based on property information with market context.
This freestanding building, formerly a closed appliance mart, features concrete tilt wall construction and concrete parking. It backs up to a Chili's parking lot. The property is suitable for use as a retail store or for storage purposes. The air-conditioned showroom area offers approximately 7,620 square feet with a 13-foot ceiling. The warehouse component provides approximately 6,400 square feet with a 21-foot ceiling. Loading is facilitated by a pit-type loading dock. The total property size is 14,860 square feet. Current property taxes are $17,474.31.
Key Highlights
- Freestanding building ideal for retail or storage purposes.
- Air conditioned showroom boasting 7,620 SF with a 13' ceiling.**
- Warehouse space of 6,400 SF featuring a 21' ceiling.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,673
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,973,460
$2.0M
Cap Rate 7%
$1,409,614
$1.4M
Cap Rate 9%
$1,096,367
$1.1M
Market Conditions
NOI Build-Up for 14,860 SF
Gross rent
$124.8K $8.40/SF
− Vacancy
−$8.7K −$0.59/SF
EGI
$116.1K $7.81/SF
− OpEx
−$17.4K −$1.17/SF
NOI
$98.7K $6.64/SF
Area
Corpus Christi, TX
Vacancy
7.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,973,460
Cap Rate 7%
$1,409,614
Cap Rate 9%
$1,096,367
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 authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
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Business Placement
Demographics for 78410, TX
29,545
Population
10,798
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
90%
High-School Grad
22.5 sq mi
ZIP Area
1,313
Density / Sq Mi
$77,642
Median Household Income
$45,386
Median Earnings
$1,158
Median Rent
$220,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Corpus Christi, TX
Properties on Market for Retail space in Corpus Christi
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
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 ideal for retail or storage purposes.; Air conditioned showroom boasting 7,620 SF with a 13' ceiling.**; Warehouse space of 6,400 SF featuring a 21' ceiling.
