Corner Retail Plaza with Turf
For Sale
$5,950,000
2494 County Road 33, Corpus Christi, TX 78415
SINGLE_FAMILY - Corpus Christi, TX
Property Size24,560 SF
Lot Size2.00 Acres
Price / SF$242.26
Days on Market598
Property Features for 2494 County Road 33
General Information
Property type
Residential
Property subtype
Retail
Parking features
Off Street
Subdivision
Laureles Farm Tracts
Lot features
Subdivided
Standard status
Active
APN
425000004720
Size
24,560 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Description
LAURELES FARM TRACTS 2 ACS OUT OF TR 7 SEC D
Legal Description
LAURELES FARM TRACTS 2 ACS OUT OF TR 7 SEC D
Utilities
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Well, Public
Building Details
Year built
2022
Floors in Building
1
Number of units
10
Listing Agency:
Teifke Real Estate
(512) 870-8184
Listed By:
Giavanna Maddalone · License #0771750
(361) 694-3917
Added: Dec 12, 2024
Changed: Jul 30
Last Checked: Aug 2 at 1:06AM
MLS# 451842
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.
Located at 2494 County Road 33 in Corpus Christi, this corner retail plaza was newly constructed as of November 2022 using splitface block exterior materials. The property includes a turf courtyard with a stage designed for community engagement and events, and it is currently 100% leased under NNN leases.
The plaza is positioned on the corner across from the London School District and on the area’s main highway, offering prominent retail frontage in the London area of Corpus Christi. The tenant mix includes urgent care, State Farm, a restaurant, coffee shop, pizza place, kids play zone, med spa, hair salon, church, Muddy Paws Grooming, Pelicans Ice, and a boutique.
Offered for sale as a 1031 exchange property, the listing references an 8% cap rate and a fully leased, NNN-driven income profile.
The plaza is positioned on the corner across from the London School District and on the area’s main highway, offering prominent retail frontage in the London area of Corpus Christi. The tenant mix includes urgent care, State Farm, a restaurant, coffee shop, pizza place, kids play zone, med spa, hair salon, church, Muddy Paws Grooming, Pelicans Ice, and a boutique.
Offered for sale as a 1031 exchange property, the listing references an 8% cap rate and a fully leased, NNN-driven income profile.
Key Highlights
- Newly constructed 2022 plaza built from splitface block; first plaza in the London area of Corpus Christi
- 100% leased on NNN leases with listed 8% CAP
- Situated on a corner across from London School District and on the main highway for the area
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $442.1k | $18.00 |
| − Vacancy | −$37.6k | −$1.53 |
| EGI | $404.5k | $16.47 |
| − OpEx | −$121.4k | −$4.94 |
| NOI | $283.2k | $11.53 |
24,560 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.05M
$3.54M – $4.72M
NOI $283,152 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.84M
$5.11M – $6.82M
NOI $409,071 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
46
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 Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- London Square Plaza — 1290 FM 43, Corpus Christi, TX 78415
Frequently Asked Questions
What type of property is this?
Shopping center - Newly built 2022 retail plaza on a corner, featuring a turf courtyard and NNN leases with 100% occupancy.
Where is this shopping center located?
The property is located at 2494 County Road 33 Corpus Christi, TX.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Newly constructed 2022 plaza built from splitface block; first plaza in the London area of Corpus Christi; 100% leased on NNN leases with listed 8% CAP; Situated on a corner across from London School District and on the main highway for the area
