Restaurant with
New
For Sale
$625,000
2815 Leopard St, Corpus Christi, TX 78408
A commercial kitchen, dining area, and front and rear parking support restaurant operations.
Property Size4,000 SF
Price / SF$156.25
Days on Market7
Property Features for 2815 Leopard St
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Business
Zoning
IL
Additional Details
Drive-Thru
Yes
Building Details
Building Size
4,000 SF
Year Built
1983
Listing Agency:
Gene Guernsey & Assoc.Realtors
Listed By:
Gene Guernsey · License #0372996
(361) 960-7653
Source:
National-onerealty
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 11 at 11:21AM
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 Gene Guernsey & Assoc.Realtors
Investment Insights
Based on property information with market context.
Approximately 4,000 SF of restaurant space includes a large dining area, a commercial kitchen, multiple cooking and preparation areas, and two bathrooms. Existing restaurant infrastructure and a drive-through are also in place.
The property is on Leopard Street next to Roy Miller High School, with parking at both the front and rear. It was built in 1983 and is zoned IL.
The property is on Leopard Street next to Roy Miller High School, with parking at both the front and rear. It was built in 1983 and is zoned IL.
Key Highlights
- Approximately 4,000 SF of restaurant space
- Drive‑through and front and rear parking
- Large dining area with commercial kitchen and multiple cooking and preparation areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,840
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,800
$1.0M
Cap Rate 7%
$740,571
$740.6K
Cap Rate 9%
$576,000
$576.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$72.0K $18.00/SF
− Vacancy
−$2.9K −$0.72/SF
EGI
$69.1K $17.28/SF
− OpEx
−$17.3K −$4.32/SF
NOI
$51.8K $12.96/SF
Area
Corpus Christi, TX
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,800
Cap Rate 7%
$740,571
Cap Rate 9%
$576,000
Alternative Uses
Best Use
Specialty Retail
$740.6K
$648.0K – $864.0K
NOI $51,840 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$951.8K
$832.8K – $1.11M
NOI $66,624 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78408, TX
11,023
Population
4,543
Households
2.4
Avg Household Size
37
Median Age
8%
College-Educated
69%
High-School Grad
5.9 sq mi
ZIP Area
1,868
Density / Sq Mi
$43,096
Median Household Income
$30,621
Median Earnings
$979
Median Rent
$82,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - A commercial kitchen, dining area, and front and rear parking support restaurant operations.
Where is this conventional restaurant located?
The property is located at 2815 Leopard St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Approximately 4,000 SF of restaurant space; Drive‑through and front and rear parking; Large dining area with commercial kitchen and multiple cooking and preparation areas
