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 Market96
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: Oct 25
Last Checked: Oct 28 at 6:23AM
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.
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 / Yr
$72,095
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,376
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in South region
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
