Purpose-Built Medical Office
For Sale
$1,250,000
1533 5th St, Corpus Christi, TX 78404
Purpose-built medical office includes dedicated exam rooms, nurse’s stations, physician’s office, and a lead-lined procedure room.
Property Size5,032 SF
Price / SF$248.41
Days on Market49
Property Features for 1533 5th St
General Information
Standard status
Active
Size
5,032 SF
Property subtype
Medical Office Building
Zoning
ON (Neighborhood Office District)
Building Details
Year Built
2003
Listing Agency:
Cravey Real Estate Services Inc
Listed By:
Megan Jurach · License #TX #844608
(361) 815-8080
Source:
Craveyrealestate
Added: Jul 26
Changed: Sep 6
Last Checked: Sep 12 at 7:29AM
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.
Purpose-built medical office building totaling 5,032 SF, designed with a functional clinical layout. The space includes dedicated exam rooms and nurse’s stations, along with a physician’s office and an existing lead-lined procedure room. An efficient medical build-out supports day-to-day clinical workflows.
The property is located at 1533 5th St in the established Spohn Shoreline Hospital District, providing convenient access to an active healthcare area.
This offering is best suited for medical practices seeking an existing exam-room configuration and an included procedure room with lead-lined build-out.
The property is located at 1533 5th St in the established Spohn Shoreline Hospital District, providing convenient access to an active healthcare area.
This offering is best suited for medical practices seeking an existing exam-room configuration and an included procedure room with lead-lined build-out.
Key Highlights
- 5,032 SF purpose‑built medical office building built in 2003
- Spohn Shoreline Hospital District location
- Functional layout with dedicated exam rooms and nurse’s stations
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
$72,095
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
5.77%
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%
$1,441,900
$1.4M
Cap Rate 7%
$1,029,929
$1.0M
Cap Rate 9%
$801,056
$801.1K
Market Conditions
NOI Build-Up for 5,032 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
$112.9K $22.44/SF
− Vacancy
−$16.8K −$3.34/SF
EGI
$96.1K $19.10/SF
− OpEx
−$24.0K −$4.78/SF
NOI
$72.1K $14.33/SF
Area
Corpus Christi, TX
Vacancy
14.87%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
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%
$1,441,900
Cap Rate 7%
$1,029,929
Cap Rate 9%
$801,056
Alternative Uses
Best Use
Office B
$1.03M
$901.2K – $1.20M
NOI $72,095 @ 7.0% cap · market cap 5.77%
Second Best
Healthcare Medical
$838.5K
$733.7K – $978.2K
NOI $58,693 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,813 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,376
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78404, TX
15,339
Population
6,884
Households
2.2
Avg Household Size
42
Median Age
23%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
4,793
Density / Sq Mi
$60,264
Median Household Income
$45,864
Median Earnings
$1,172
Median Rent
$180,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built medical office includes dedicated exam rooms, nurse’s stations, physician’s office, and a lead-lined procedure room.
Where is this medical office space located?
The property is located at 1533 5th St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 5,032 SF purpose‑built medical office building built in 2003; Spohn Shoreline Hospital District location; Functional layout with dedicated exam rooms and nurse’s stations
