Flex Building with Stabilized
For Sale
Contact for pricing
2303 County Road 30, Corpus Christi, TX 78415
Versatile commercial facility combining office, warehouse, wash-bay, and secured outdoor storage functions.
Property Size8,900 SF
Price / SF$134.83
Days on Market8
Property Features for 2303 County Road 30
General Information
Standard status
Active
Size
8,900 SF
Property subtype
Industrial
Zoning
Commercial OCL (Outside City Limits)
Building Details
Year Built
2012
Buildings
1
Listing Agency:
Gaines Organization
Listed By:
Josh Gaines · License #525644
(361) 442-2825
Source:
Crexi
Added: Aug 27
Changed: Sep 3
Last Checked: Sep 3 at 2:29AM
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 Gaines Organization
Investment Insights
Based on property information with market context.
This 2012 flex facility contains approximately 8,900 square feet, including about 3,700 square feet of office area and 5,200 square feet of warehouse space. The warehouse includes four 14-foot grade-level doors and mezzanine storage, while an approximately 860-square-foot wash bay supports service-oriented operations. A separate canopy of approximately 1,000 square feet is also included, outside the reported building total.
The property occupies approximately 4.025 acres with a fenced and gated stabilized yard. Its corner-lot position provides multiple access points and more than 450 feet of frontage along County Road 30. The site is zoned Commercial OCL, meaning outside city limits, and offers access to Highway 44 and Highway 286. Corpus Christi International Airport is less than 8 miles away.
The property occupies approximately 4.025 acres with a fenced and gated stabilized yard. Its corner-lot position provides multiple access points and more than 450 feet of frontage along County Road 30. The site is zoned Commercial OCL, meaning outside city limits, and offers access to Highway 44 and Highway 286. Corpus Christi International Airport is less than 8 miles away.
Key Highlights
- Approximately 8,900 SF total building with 3,700 SF office and 5,200 SF warehouse
- 4.025 AC site with fenced and gated stabilized yard
- Warehouse includes (4) 14' high grade‑level doors and mezzanine storage
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
$63,866
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
5.32%
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%
$1,277,320
$1.3M
Cap Rate 7%
$912,371
$912.4K
Cap Rate 9%
$709,622
$709.6K
Market Conditions
NOI Build-Up for 8,900 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
$106.8K $12.00/SF
− Vacancy
−$8.5K −$0.96/SF
EGI
$98.3K $11.04/SF
− OpEx
−$34.4K −$3.86/SF
NOI
$63.9K $7.18/SF
Area
ZIP 78415
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,277,320
Cap Rate 7%
$912,371
Cap Rate 9%
$709,622
Alternative Uses
Best Use
Office B
$1.81M
$1.59M – $2.11M
NOI $126,832 @ 7.0% cap · market cap 10.57%
Second Best
Flex RnD
$912.4K
$798.3K – $1.06M
NOI $63,866 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,238 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78415, TX
38,722
Population
15,465
Households
2.5
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
109.2 sq mi
ZIP Area
355
Density / Sq Mi
$53,803
Median Household Income
$31,748
Median Earnings
$1,166
Median Rent
$135,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility combining office, warehouse, wash-bay, and secured outdoor storage functions.
Where is this flex space located?
The property is located at 2303 County Road 30 Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 8,900 SF total building with 3,700 SF office and 5,200 SF warehouse; 4.025 AC site with fenced and gated stabilized yard; Warehouse includes (4) 14' high grade‑level doors and mezzanine storage
