Industrial Land with Existing
For Sale
$400,000
2214 Winnebago St, Corpus Christi, TX 78401
Heavy industrial zoning supports evaluation of multiple commercial and industrial use possibilities.
Property Size1,098 SF
Days on Market2192
Property Features for 2214 Winnebago St
General Information
Standard status
Active
Size
1,098 SF
Property subtype
Industrial
Building Details
Building Size
1,098 SF
Year Built
1955
Listing Agency:
Coldwell Banker Pacesetter Steel
Listed By:
Faryce Macon · License #0642661
(361) 815-4608
Source:
National-onerealty
Added: Sep 18, 2020
Changed: Sep 17
Last Checked: Sep 17 at 12:20AM
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 Coldwell Banker Pacesetter Steel
Investment Insights
Based on property information with market context.
This industrial land property includes an unoccupied single-residential house and a former restaurant stand positioned along the front of the property. The property is being offered in its existing condition, with no repairs by the seller, and the construction year is listed as 1955.
Located along Winnebago near the intersection of Port Avenue in Corpus Christi, the property falls within the City of Corpus Christi’s Washington-Coles Downtown Area Development Plan. City GIS data identifies the site as being in the “I H” Heavy Industrial Zoning District. Building, subdivision, zoning, and permitted-use requirements should be confirmed with the City of Corpus Christi Planning Department and Development Services.
Located along Winnebago near the intersection of Port Avenue in Corpus Christi, the property falls within the City of Corpus Christi’s Washington-Coles Downtown Area Development Plan. City GIS data identifies the site as being in the “I H” Heavy Industrial Zoning District. Building, subdivision, zoning, and permitted-use requirements should be confirmed with the City of Corpus Christi Planning Department and Development Services.
Key Highlights
- “I H” Heavy Industrial Zoning District per City GIS data
- Unoccupied single‑residential house on the property
- Former restaurant stand located along the front of the property
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
$13,281
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
3.32%
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%
$265,620
$265.6K
Cap Rate 7%
$189,729
$189.7K
Cap Rate 9%
$147,567
$147.6K
Market Conditions
NOI Build-Up for 1,098 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
$19.8K $18.00/SF
− Vacancy
−$791 −$0.72/SF
EGI
$19.0K $17.28/SF
− OpEx
−$5.7K −$5.18/SF
NOI
$13.3K $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%
$265,620
Cap Rate 7%
$189,729
Cap Rate 9%
$147,567
Alternative Uses
Best Use
Retail
$189.7K
$166.0K – $221.4K
NOI $13,281 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.3K
$228.6K – $304.8K
NOI $18,288 @ 7.0% cap · market cap 4.57%
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
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 78401, TX
4,701
Population
2,115
Households
2.2
Avg Household Size
44
Median Age
15%
College-Educated
78%
High-School Grad
2.2 sq mi
ZIP Area
2,137
Density / Sq Mi
$37,796
Median Household Income
$22,254
Median Earnings
$930
Median Rent
$76,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial 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?
Industrial land - Heavy industrial zoning supports evaluation of multiple commercial and industrial use possibilities.
Where is this industrial land located?
The property is located at 2214 Winnebago St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: “I H” Heavy Industrial Zoning District per City GIS data; Unoccupied single‑residential house on the property; Former restaurant stand located along the front of the property
