Quadplex with Assigned
For Sale
$324,900
2410 Capitan Drive, Corpus Christi, TX 78414
Residential, Corpus Christi, TX
Property Size4,942 SF
Lot Size0.23 Acres
Price / SF$65.74
Days on Market96
Property Features for 2410 Capitan Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Assigned
Interior features
CableTv
Appliances
Dishwasher, ElectricOven, ElectricRange, Dryer
Subdivision
Wooldridge Creek #7
Elementary school
Moore
Middle school
Adkins
High school
King
Elementary school district
Corpus Christi ISD
Middle school district
Corpus Christi ISD
High school district
Corpus Christi ISD
Standard status
Active
APN
990100020170
Size
4,942 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
WOOLDRIDGE CREEK #7 BLK 2 LOT 17
Tax Annual Amount
7732
Legal Description
WOOLDRIDGE CREEK #7 BLK 2 LOT 17
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1983
Floors in Building
2
Flooring type
Carpet, Vinyl, Tile
Roof type
Shingle
Listing Agency:
Prime Real Estate
(361) 334-7653
Listed By:
Brooke LaClair · License #0618863
(361) 765-1003
Added: May 28
Changed: Aug 26
Last Checked: Aug 31 at 1:06PM
MLS# 477097
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.
Built in 1983, this four-unit multifamily property contains 4,942 square feet on a 0.23-acre parcel. The unit mix includes three residences with two bedrooms and 2.5 bathrooms, plus one residence with two bedrooms and 1.5 bathrooms. Each unit has two designated parking spaces, with additional street parking available for visitors.
Interior finishes include carpet, vinyl, and tile flooring. Property systems include central air conditioning, electric central heat, public water, and public sewer. Individual units are equipped with dishwashers, electric ovens, electric ranges, and dryers. The property is located in Southside Corpus Christi near shopping, entertainment, schools, parks, and major highways, within an established neighborhood featuring mature trees.
Interior finishes include carpet, vinyl, and tile flooring. Property systems include central air conditioning, electric central heat, public water, and public sewer. Individual units are equipped with dishwashers, electric ovens, electric ranges, and dryers. The property is located in Southside Corpus Christi near shopping, entertainment, schools, parks, and major highways, within an established neighborhood featuring mature trees.
Key Highlights
- Four‑unit multifamily property totaling 4,942 square feet
- 0.23‑acre parcel in Southside Corpus Christi
- Three units with 2 bedrooms and 2.5 bathrooms; one 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
Property Profile
Current Use
Lease Details
4
Residential units
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property with varied two-bedroom layouts, individual parking, and public utilities.
Where is this quadplex located?
The property is located at 2410 Capitan Drive 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 multifamily property totaling 4,942 square feet; 0.23‑acre parcel in Southside Corpus Christi; Three units with 2 bedrooms and 2.5 bathrooms; one with 2 bedrooms and 1.5 bathrooms
