Fully Leased Retail
For Sale
$3,799,000
14041 Northwest Boulevard, Corpus Christi, TX 78410
A fully occupied commercial plaza with four leased suites and no current vacancies in Calallen’s commercial district.
Property Size13,089 SF
Price / SF$290.24
Days on Market80
Property Features for 14041 Northwest Boulevard
General Information
Standard status
Active
Size
13,089 SF
Property subtype
Commercial
Occupancy
100%
Building Details
Year Built
2003
Tenancy
Multi
Listing Agency:
KM Premier Real Estate
Listed By:
Kamran Zarghouni
(210) 824-7878
Source:
Phyllisbrowning
Added: Jun 29
Changed: Sep 15
Last Checked: Sep 15 at 7:39AM
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 KM Premier Real Estate
Investment Insights
Based on property information with market context.
This fully leased commercial plaza offers four leased suites with no current vacancies, providing immediate rental income and a stable tenant base. The property is described as well maintained and positioned as a turnkey, income-producing retail asset.
The plaza is located in the heart of Calallen’s thriving commercial district, positioned just off Northwest Blvd for convenient access and strong visibility. The property’s existing operations and current occupancy make it a practical option for buyers seeking a stabilized retail investment.
The plaza is located in the heart of Calallen’s thriving commercial district, positioned just off Northwest Blvd for convenient access and strong visibility. The property’s existing operations and current occupancy make it a practical option for buyers seeking a stabilized retail investment.
Key Highlights
- Commercial plaza built in 2003
- Fully occupied with four leased suites and no current vacancies
- Plaza is located in Calallen's commercial district just off Northwest Blvd
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
$158,325
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
4.17%
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%
$3,166,500
$3.2M
Cap Rate 7%
$2,261,786
$2.3M
Cap Rate 9%
$1,759,167
$1.8M
Market Conditions
NOI Build-Up for 13,089 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
$235.6K $18.00/SF
− Vacancy
−$9.4K −$0.72/SF
EGI
$226.2K $17.28/SF
− OpEx
−$67.9K −$5.18/SF
NOI
$158.3K $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 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%
$3,166,500
Cap Rate 7%
$2,261,786
Cap Rate 9%
$1,759,167
Alternative Uses
Best Use
Retail
$2.26M
$1.98M – $2.64M
NOI $158,325 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.11M
$2.73M – $3.63M
NOI $218,010 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- fi.d.o — Petco, 4101 US-77 Ste K-1, Corpus Christi, TX 78410
- Five Points Shopping Center — 4101 I-69 Access Rd, Corpus Christi, TX 78410
Frequently Asked Questions
What type of property is this?
Shopping center - A fully occupied commercial plaza with four leased suites and no current vacancies in Calallen’s commercial district.
Where is this shopping center located?
The property is located at 14041 Northwest Boulevard Corpus Christi, TX.
What is the asking price?
The asking price for this property is $3,799,000.
What are key features of this property?
This property features: Commercial plaza built in 2003; Fully occupied with four leased suites and no current vacancies; Plaza is located in Calallen's commercial district just off Northwest Blvd
