Four-Unit
For Sale
$324,900
2410 Capitan Dr, Corpus Christi, TX 78414
Residential complex with two-bedroom layouts, assigned parking, and additional street parking for guests.
Property Size4,942 SF
Days on Market114
Property Features for 2410 Capitan Dr
General Information
Standard status
Active
Size
4,942 SF
Total Parking Spaces
8
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,732
Building Details
Building Size
4,942 SF
Year Built
1983
Listing Agency:
Prime Real Estate
Listed By:
Brooke LaClair · License #0618863
(361) 765-1003
Source:
National-onerealty
Added: May 28
Changed: Sep 8
Last Checked: Sep 17 at 12:25AM
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 Prime Real Estate
Investment Insights
Based on property information with market context.
This quadplex includes four residential units built in 1983. Three units offer two bedrooms and 2.5 bathrooms, while the fourth provides two bedrooms and 1.5 bathrooms. Each unit includes two assigned parking spaces, with additional street parking available for guests.
Located at 2410 Capitan Dr in the Southside of Corpus Christi, the property is near shopping, entertainment, schools, parks, and major highways. The complex sits in an established neighborhood with mature trees, providing a residential setting for the four-unit property.
Located at 2410 Capitan Dr in the Southside of Corpus Christi, the property is near shopping, entertainment, schools, parks, and major highways. The complex sits in an established neighborhood with mature trees, providing a residential setting for the four-unit property.
Key Highlights
- Four‑unit quadplex at 2410 Capitan Dr, Corpus Christi, TX 78414
- Three units with 2 bedrooms and 2.5 bathrooms each
- Fourth unit with 2 bedrooms and 1.5 bathrooms
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
$26,512
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
8.16%
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%
$530,240
$530.2K
Cap Rate 7%
$378,743
$378.7K
Cap Rate 9%
$294,578
$294.6K
Market Conditions
NOI Build-Up for 4,942 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
$55.2K $11.16/SF
− Vacancy
−$6.9K −$1.41/SF
EGI
$48.2K $9.75/SF
− OpEx
−$21.7K −$4.39/SF
NOI
$26.5K $5.36/SF
Area
ZIP 78414
Vacancy
12.60%
Lease Rate
$11.16 /SF/Yr
Expense Ratio
45.00%
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%
$530,240
Cap Rate 7%
$378,743
Cap Rate 9%
$294,578
Alternative Uses
Best Use
Multifamily LT 5
$428.1K
$374.6K – $499.4K
NOI $29,966 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$378.7K
$331.4K – $441.9K
NOI $26,512 @ 7.0% cap · market cap 8.16%
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.57M
NOI $93,938 @ 7.0% cap · market cap 28.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,243
Businesses Nearby
Explore this area
Business Placement
Demographics for 78414, TX
46,972
Population
20,121
Households
2.3
Avg Household Size
35
Median Age
39%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
3,308
Density / Sq Mi
$96,788
Median Household Income
$56,626
Median Earnings
$1,549
Median Rent
$271,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Residential complex with two-bedroom layouts, assigned parking, and additional street parking for guests.
Where is this quadplex located?
The property is located at 2410 Capitan Dr Corpus Christi, TX.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Four‑unit quadplex at 2410 Capitan Dr, Corpus Christi, TX 78414; Three units with 2 bedrooms and 2.5 bathrooms each; Fourth unit with 2 bedrooms and 1.5 bathrooms
