Four-Unit Flex Industrial
For Sale
$2,950,000
134 Heinsohn Road, Corpus Christi, TX 78406
Multi-suite commercial building with conditioned offices, restrooms, and overhead-door access.
Property Size20,473 SF
Days on Market48
Property Features for 134 Heinsohn Road
General Information
Standard status
Active
Size
20,473 SF
Property subtype
Warehouse
Building Details
Building Size
20,473 SF
Year Built
1985
Listing Agency:
ARMANDO AVALOS REALTY, INC.
Listed By:
Armando Avalos · License #0128102
(361) 816-2220
Source:
National-onerealty
Added: Sep 1
Changed: Oct 4
Last Checked: Oct 16 at 2:35PM
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 ARMANDO AVALOS REALTY, INC.
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Investment Insights
Based on property information with market context.
This 20,473-square-foot flex property contains four rental units, each configured with air-conditioned office space and toilets. Units feature 20-foot ceiling heights and one or more 12-by-16-foot overhead doors, supporting a mix of office, storage, and service-oriented operations. Central air and electric service are provided.
The property is positioned just west of North Padre Island Drive and Highway 44, also known as Agnes Street, in Corpus Christi. The site includes 26 parking spaces along the front of the building, with additional parking or equipment-storage capacity in a gated rear yard. Concrete driveway access, security lighting, and level interior-lot positioning are also present. Built in 1985, the building offers a practical multi-unit configuration with dedicated office and utility areas.
The property is positioned just west of North Padre Island Drive and Highway 44, also known as Agnes Street, in Corpus Christi. The site includes 26 parking spaces along the front of the building, with additional parking or equipment-storage capacity in a gated rear yard. Concrete driveway access, security lighting, and level interior-lot positioning are also present. Built in 1985, the building offers a practical multi-unit configuration with dedicated office and utility areas.
Key Highlights
- 20,473‑square‑foot flex building with four rental units
- Each unit includes air‑conditioned offices and toilets
- 20‑foot ceiling height in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$215,581
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,311,620
$4.3M
Cap Rate 7%
$3,079,729
$3.1M
Cap Rate 9%
$2,395,344
$2.4M
Market Conditions
NOI Build-Up for 20,473 SF
Gross rent
$368.5K $18.00/SF
− Vacancy
−$36.9K −$1.80/SF
EGI
$331.7K $16.20/SF
− OpEx
−$116.1K −$5.67/SF
NOI
$215.6K $10.53/SF
Area
Corpus Christi, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,311,620
Cap Rate 7%
$3,079,729
Cap Rate 9%
$2,395,344
Alternative Uses
Best Use
Flex RnD
$3.08M
$2.69M – $3.59M
NOI $215,581 @ 7.0% cap · market cap 7.31%
Second Best
Warehouse
$1.94M
$1.70M – $2.27M
NOI $135,945 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$4.87M
$4.26M – $5.68M
NOI $340,998 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 78406, TX
1,185
Population
353
Households
3.4
Avg Household Size
32
Median Age
2%
College-Educated
68%
High-School Grad
11.3 sq mi
ZIP Area
105
Density / Sq Mi
$51,646
Median Household Income
$18,214
Median Earnings
$1,715
Median Rent
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Multi-suite commercial building with conditioned offices, restrooms, and overhead-door access.
Where is this flex space located?
The property is located at 134 Heinsohn Road Corpus Christi, TX.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 20,473‑square‑foot flex building with four rental units; Each unit includes air‑conditioned offices and toilets; 20‑foot ceiling height in every unit
