Freestanding Storefront with
For Sale
$1,995,000
2818 Rodd Field Road, Corpus Christi, TX 78414
CommercialSale, Corpus Christi, TX
Property Size7,200 SF
Lot Size0.99 Acres
Price / SF$277.08
Days on Market159
Property Features for 2818 Rodd Field Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Subdivision
L & L Sub
Lot features
Corner Lot
Standard status
Active
APN
402800000010
Size
7,200 SF
Lot size
0.99 Acres
Taxes and HOA fees
Tax Description
L & L S/D LT 1
Legal Description
L & L S/D LT 1
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
laminate flooring
showroom lighting
open-span ceilings
full storefront glass frontage
large roll-up door
Building Details
Year built
2015
Floors in Building
2
Building materials
Concrete
Roof type
Flat
Listing Agency:
Mirabal Montalvo & Associates
(361) 994-1140
Listed By:
James Mirabal · License #0481796
(361) 774-4137
Added: Apr 21
Changed: Sep 21
Last Checked: Sep 26 at 10:06PM
MLS# 475080
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.
Freestanding concrete storefront building constructed in 2015, offering over 7,200 square feet of commercial space. Approximately 2,800 square feet is configured as mezzanine area, while the main interior includes laminate flooring, showroom lighting, open-span ceilings, full-height storefront glass, and a large roll-up door. Central heating and cooling support the building, with a flat roof and public water and sewer service.
The property occupies a signalized corner at Rodd Field Road and Saratoga Boulevard in Corpus Christi. Approximately 25,525 square feet of parking and land area provides on-site circulation and access. Nearby surroundings include Rally Credit Union headquarters, medical offices, retail centers, and dining establishments, placing the building within an established commercial corridor.
The property occupies a signalized corner at Rodd Field Road and Saratoga Boulevard in Corpus Christi. Approximately 25,525 square feet of parking and land area provides on-site circulation and access. Nearby surroundings include Rally Credit Union headquarters, medical offices, retail centers, and dining establishments, placing the building within an established commercial corridor.
Key Highlights
- Over 7,200 SF freestanding concrete commercial building
- Approximately 2,800 SF of mezzanine space
- Signalized corner at Rodd Field Road and Saratoga Boulevard
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
$116,122
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
5.82%
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%
$2,322,440
$2.3M
Cap Rate 7%
$1,658,886
$1.7M
Cap Rate 9%
$1,290,244
$1.3M
Market Conditions
NOI Build-Up for 7,200 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
$172.8K $24.00/SF
− Vacancy
−$6.9K −$0.96/SF
EGI
$165.9K $23.04/SF
− OpEx
−$49.8K −$6.91/SF
NOI
$116.1K $16.13/SF
Area
ZIP 78414
Vacancy
4.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,322,440
Cap Rate 7%
$1,658,886
Cap Rate 9%
$1,290,244
Alternative Uses
Best Use
Retail
$1.66M
$1.45M – $1.94M
NOI $116,122 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.96M
$1.71M – $2.28M
NOI $136,858 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78414, TX
46,972
Population
20,121
Households
2.3
Avg Household Size
35
Median Age
39%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
3,308
Density / Sq Mi
$96,788
Median Household Income
$56,626
Median Earnings
$1,549
Median Rent
$271,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Signalized corner setting with full storefront glass, open-span ceilings, and a roll-up door.
Where is this storefront property located?
The property is located at 2818 Rodd Field Road Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Over 7,200 SF freestanding concrete commercial building; Approximately 2,800 SF of mezzanine space; Signalized corner at Rodd Field Road and Saratoga Boulevard
