Purpose-Built Medical Office
1533 5th St Corpus Christi, TX 78404
New
For Sale
$1,250,000
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 Market4
Property Features for 1533 5th St
General Information
Standard status
Active
Size
5,032 SF
Property subtype
Medical Office Building
Building Details
Year Built
2003
Listing Agency:
Cravey Real Estate Services, Inc.
(361) 815-8080
Listed By:
Megan Jurach · License #TX #844608
(361) 815-8080
Source:
Craveyrealestate
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 29 at 6:14AM
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.9k | $22.44 |
| − Vacancy | −$16.8k | −$3.34 |
| EGI | $96.1k | $19.10 |
| − OpEx | −$24.0k | −$4.78 |
| NOI | $72.1k | $14.33 |
5,032 SF · lease $22.44/SF/yr · vacancy 14.87% · expense 25.00%
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
Location Intelligence
Current Use
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
