Commercial Land with Existing
For Sale
$400,000
2214 Winnebago Street, Corpus Christi, TX 78401
CommercialSale, Corpus Christi, TX
Property Size1,098 SF
Lot Size0.29 Acres
Price / SF$364.30
Days on Market2176
Property Features for 2214 Winnebago Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Hatch John G
Lot features
Interior Lot
Standard status
Active
APN
329200060070
Size
1,098 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
HATCH JOHN G LTS 7 AND 8 BK 6
Legal Description
HATCH JOHN G LTS 7 AND 8 BK 6
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Building materials
Concrete, WoodSiding
Roof type
Shingle
Listing Agency:
Coldwell Banker Pacesetter Steel · Coldwell Banker Real Estate
(361) 992-9231
Listed By:
Faryce Macon · License #0642661
(361) 815-4608
Added: Sep 18, 2020
Changed: Aug 19
Last Checked: Sep 2 at 6:06PM
MLS# 370899
Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.287-acre commercial land parcel includes a 1,098-square-foot single-residential house and a former restaurant stand positioned along the property’s front. The improvements date to 1955 and include concrete and wood siding construction, a shingle roof, public water, and public sewer. The property is offered in its existing condition with no repairs by the seller.
Located at 2214 Winnebago Street near Port Avenue in Corpus Christi, the site falls within the Washington-Coles Downtown Area Development Plan area. City GIS data identifies the parcel as I H Heavy Industrial Zoning District. Buyers are encouraged to confirm zoning, allowable uses, building requirements, and subdivision requirements with the City of Corpus Christi Planning Department and Development Services. The seller does not have a survey and will not provide one.
Located at 2214 Winnebago Street near Port Avenue in Corpus Christi, the site falls within the Washington-Coles Downtown Area Development Plan area. City GIS data identifies the parcel as I H Heavy Industrial Zoning District. Buyers are encouraged to confirm zoning, allowable uses, building requirements, and subdivision requirements with the City of Corpus Christi Planning Department and Development Services. The seller does not have a survey and will not provide one.
Key Highlights
- 0.287‑acre commercial land parcel in Corpus Christi
- 1,098‑square‑foot house plus a former restaurant stand
- City GIS identifies the property as I H Heavy Industrial Zoning District
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
Property Profile
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
Market
Vacancy Rate% for Retail 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?
Commercial land - Industrial-zoned parcel with an existing residence, former restaurant stand, and public water and sewer service.
Where is this commercial land located?
The property is located at 2214 Winnebago Street 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: 0.287‑acre commercial land parcel in Corpus Christi; 1,098‑square‑foot house plus a former restaurant stand; City GIS identifies the property as I H Heavy Industrial Zoning District
