Heavy Industrial Warehouse with
For Sale
Contact for pricing
2434 Etring Ave, Corpus Christi, TX 78415
Heavy-duty warehouse with a secured, paved yard, multiple roll-up doors, and overhead cranes supporting industrial operations.
Property Size20,696 SF
Lot Size2.53 Acres
Price / SF$113.55
Days on Market167
Property Features for 2434 Etring Ave
General Information
Standard status
Active
Size
20,696 SF
Class
B
Lot size
2.53 Acres
Property subtype
Industrial
Zoning
LI
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Drive-In Doors
4
Heavy Power
Yes
Building Details
Buildings
3
Listing Agency:
ParaSell Inc
Listed By:
Scott Reid · License #RC51900187
(949) 942-6585
Source:
Crexi
Added: Mar 26
Changed: Sep 8
Last Checked: Sep 8 at 4:07AM
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 ParaSell Inc
Investment Insights
Based on property information with market context.
AIP Industrial presents 2434 Etring Ave, a heavy-duty industrial facility built to support demanding operations. The property includes a primary 12,552-square-foot warehouse with 1,220 square feet of office space and 11,332 square feet of warehouse area, along with a fully functional layout designed for industrial use. The yard is fully fenced and paved with 12- to 18-inch reinforced concrete, intended for heavy equipment and high-load traffic, and an oversized entry gate supports efficient truck access and maneuvering.
Improvements also include a 4,208-square-foot metal building or shed with a second 2-ton overhead crane, plus a Quonset-style building providing an additional 3,936 square feet of storage and/or work space. The warehouse is equipped with a 2-ton overhead crane and 480V, 3-phase electrical service, and includes four grade level roll-up doors.
The facility is located near SH 258 with immediate access to SH 358, providing regional connectivity for industrial users.
Improvements also include a 4,208-square-foot metal building or shed with a second 2-ton overhead crane, plus a Quonset-style building providing an additional 3,936 square feet of storage and/or work space. The warehouse is equipped with a 2-ton overhead crane and 480V, 3-phase electrical service, and includes four grade level roll-up doors.
The facility is located near SH 258 with immediate access to SH 358, providing regional connectivity for industrial users.
Key Highlights
- Heavy‑duty industrial facility on approx. 2.531 acres at 2434 Etring Ave in Corpus Christi
- Fully fenced and secured, paved yard with 12- to 18‑inch reinforced concrete for heavy equipment and high‑load traffic
- 12,552 SF warehouse includes 1,220 SF office and 11,332 SF warehouse area, plus four grade level roll‑up doors
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
$148,033
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
6.30%
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%
$2,960,660
$3.0M
Cap Rate 7%
$2,114,757
$2.1M
Cap Rate 9%
$1,644,811
$1.6M
Market Conditions
NOI Build-Up for 20,696 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
$186.3K $9.00/SF
− Vacancy
−$12.1K −$0.59/SF
EGI
$174.2K $8.42/SF
− OpEx
−$26.1K −$1.26/SF
NOI
$148.0K $7.15/SF
Area
ZIP 78415
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$2,960,660
Cap Rate 7%
$2,114,757
Cap Rate 9%
$1,644,811
Alternative Uses
Best Use
Warehouse
$2.11M
$1.85M – $2.47M
NOI $148,033 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.92M
$4.31M – $5.75M
NOI $344,713 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
323
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- American Storage — 3041 Holly Rd, Corpus Christi, TX 78415
- Ray's Storage Lot — 2513 Etring Ave, Corpus Christi, TX 78415
- Allied Van Lines — 2142 Joyce Dr LOT 101, Corpus Christi, TX 78417
Frequently Asked Questions
What type of property is this?
Warehouse - Heavy-duty warehouse with a secured, paved yard, multiple roll-up doors, and overhead cranes supporting industrial operations.
Where is this warehouse located?
The property is located at 2434 Etring Ave Corpus Christi, TX.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Heavy‑duty industrial facility on approx. 2.531 acres at 2434 Etring Ave in Corpus Christi; Fully fenced and secured, paved yard with 12- to 18‑inch reinforced concrete for heavy equipment and high‑load traffic; 12,552 SF warehouse includes 1,220 SF office and 11,332 SF warehouse area, plus four grade level roll‑up doors
