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    Mixed-Use Quadplex with Retail Space Title is generated by Realmo AI

    2621 Ayers Street, Corpus Christi, TX 78404

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    New
    For Sale
    $475,000

    SINGLE_FAMILY - Corpus Christi, TX

    Type:Retail
    Property size:
    5,674 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $83/SF
    Added:
    Jun 5, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 7 at 9:06 am

    Property Features for 2621 Ayers Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking features
    Off Street
    Standard status
    Active
    APN
    202000020040
    Size
    5,674 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Description
    DAHLIA TERRACE BLK 2 LOT 4

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2004
    Floors in Building
    1
    Number of units
    4
    Building materials
    HardiplankType, WoodSiding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Ninfa Carrier
    Ninfa Carrier

    Listing agent Ninfa Carrier License #0720656

    Listing office Mirabal Montalvo & Associates 909 S Tancahua Street, Corpus Christi, TX

    Listing date Jun 5, 2026

    MLS# 477603

    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.

    HighLights

    • Mixed‑use 4‑unit property on Ayers St in Corpus Christi with 2 retail spaces and 2 residential units
    • Approx. 5,674 sq ft under roof on a 7,200 sq ft lot with private off‑street parking
    • Year built 2004; shingle roof; Hardiplank and wood siding exterior materials
    • Central HVAC and central air for all units; tenant‑paid utilities for occupied spaces
    • One residential unit leased through 02/01/2027; other residential unit has projected market rent of approx. $1,000–$1,200/month
    • Owner‑occupied commercial space available for a buyer to lease or occupy; Vikings Express Mart business assets/equipment/inventory may be available separately

    Overview

    This mixed-use quadplex includes two retail spaces and two residential units within approximately 5,674 square feet on a 7,200 square foot lot. The property has private parking and central HVAC in all units. Tenant-paid utilities are in place for occupied spaces, and recent AC updates are noted for ABC Keys and Residential Unit A. Current leasing includes one long-term commercial tenant, one owner-occupied commercial space, one leased residential unit, and one vacant residential unit.

    The commercial and residential space arrangement provides flexibility for a new owner. One retail area is owner-occupied by Vikings Express Mart, creating an option for a buyer to lease the space, occupy it, or negotiate for the existing business assets separately. Residential Unit B is leased through 02/01/2027, while Residential Unit A is described as vacant, with projected market rent of approximately $1,000-$1,200 per month.

    Offered for sale as real estate only, the deal may allow separation of business assets, equipment, inventory, and/or trade name associated with Vikings Express Mart, depending on buyer needs and final terms. Buyers should verify all income, expenses, leases, and other property details, including zoning, square footage, insurance, and permitted use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.409484
    Latitude
    27.765315

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    FAQs

    What type of property is this?
    Mixed-use property - Four-unit property with two retail spaces and two residential units, offering private parking and central HVAC throughout.
    Where is this mixed-use property located?
    The property is located at 2621 Ayers Street Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Mixed‑use 4‑unit property on Ayers St in Corpus Christi with 2 retail spaces and 2 residential units; Approx. 5,674 sq ft under roof on a 7,200 sq ft lot with private off‑street parking; Year built 2004; shingle roof; Hardiplank and wood siding exterior materials
    (361) 342-3993
    We can help!
    Listing Contact
    Ninfa Carrier
    Ninfa Carrier
    Real Estate License ID: 0720656
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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