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    Corpus Christi Industrial Property For Sale Title is generated by Realmo AI

    2556 Agnes St, Corpus Christi, TX

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    High-demand industrial property with fenced yard, leased to regional company.

    Type:INDUSTRIAL
    Property size:
    14,390 SF
    Lot size:
    1.17 Acres
    Price / SF:
    $83/SF
    Added:
    Oct 1, 2024
    Days on Market:
    628
    Last Refresh:
    May 20 at 8:04 pm

    Property Features for 2556 Agnes St

    General Information

    Standard status
    Active
    Size
    14,390 SF
    Lot size
    1.17 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Mark Adame, CCIM, SIOR

    Listing agent Mark Adame, CCIM, SIOR

    Listing office Adame Commercial

    Listing date Oct 1, 2024

    Source Moodyscre

    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 Adame Commercial

    HighLights

    • Great return and below replacement cost.
    • Located in a very high demand industrial area of Corpus Christi.
    • Currently leased to a regional building supply company.
    • Fenced & paved yard.
    • Dock high access available.
    • Showroom area is being remodeled.

    Overview

    This industrial property is located in a high-demand area of Corpus Christi. The property features a fenced and paved yard. Dock high access is available. The property is currently leased to a regional building supply company, a long-established family business. The showroom area is being remodeled. The property size is 14390 square feet.

    Local Financial Insights For Warehouse

    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 $120.9k $8.40
    − Vacancy −$8.5k −$0.59
    EGI $112.4k $7.81
    − OpEx −$16.9k −$1.17
    NOI $95.6k $6.64
    14,390 SF · lease $8.40/SF/yr · vacancy 7.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.37M
    $1.19M – $1.59M (±1% cap)
    NOI $95,552 @ 7.0% cap · market cap 7.96%
    Second Best
    Industrial
    $1.08M
    $941.5K – $1.26M (±1% cap)
    NOI $75,318 @ 7.0% cap · market cap 6.28%
    Theoretical Best
    Office A
    $3.42M
    $3.00M – $3.99M (±1% cap)
    NOI $239,680 @ 7.0% cap · market cap 19.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parrish & Co Inc ... Building Supply Otto Dukes Construction ... Big Box & Wholesale Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

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    • Corpus Christi Moving — 900 N Staples St, Corpus Christi, TX 78401
    • All My Sons Moving & Storage — 210 N Brownlee Blvd, Corpus Christi, TX 78401

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.4201
    Latitude
    27.7859

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    FAQs

    What type of property is this?
    Warehouse - High-demand industrial property with fenced yard, leased to regional company.
    Where is this warehouse located?
    The property is located at 2556 Agnes St 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: Great return and below replacement cost.; Located in a very high demand industrial area of Corpus Christi.; Currently leased to a regional building supply company.
    (361) 880-5888 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mark Adame, CCIM, SIOR
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