Retail Strip Center with Additional
For Sale
$525,000
310 306 302 Staples St, Corpus Christi, TX 78401
Two tax IDs serve a corner lot with a 1-story stucco strip center and a separate wood house.
Property Size2,820 SF
Days on Market532
Property Features for 310 306 302 Staples St
General Information
Standard status
Active
Size
2,820 SF
Property subtype
Retail
Zoning
Commercal
Additional Details
Road Access
Yes
Building Details
Building Size
2,820 SF
Year Built
1900
Listing Agency:
Garron Dean & Associates
Listed By:
Gloria Redding · License #0501944
(361) 765-1897
Source:
National-onerealty
Added: Mar 26, 2025
Changed: Sep 8
Last Checked: Sep 8 at 11:03AM
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 Garron Dean & Associates
Investment Insights
Based on property information with market context.
This for-sale property includes two separate buildings on a corner lot, supported by two Nueces CAD tax ID numbers (200022726 and 200022728). A 1-story stucco strip center faces Staples and is described as a tear-down. The second building is a wood house facing Laredo, noted as not in the greatest of shape but potentially workable depending on the buyer’s goals. Both buildings are identified as zoned Commercial.
The site is located at the corner of S. Staples and Laredo St, with access and frontage on both streets. The listing also notes signage visibility as a factor for the Staples-facing component.
For buyers evaluating redevelopment or adaptive reuse, the property offers two street-facing structures on a single parcel framework, with Commercial zoning noted for the overall use basis.
The site is located at the corner of S. Staples and Laredo St, with access and frontage on both streets. The listing also notes signage visibility as a factor for the Staples-facing component.
For buyers evaluating redevelopment or adaptive reuse, the property offers two street-facing structures on a single parcel framework, with Commercial zoning noted for the overall use basis.
Key Highlights
- Corner commercial property at S. Staples and Laredo St in Corpus Christi
- Two buildings on the lot: a 1‑story stucco strip center facing Staples and a wood house facing Laredo
- Two separate tax ID numbers in Nueces CAD: 200022726 and 200022728
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
$34,111
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
6.50%
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%
$682,220
$682.2K
Cap Rate 7%
$487,300
$487.3K
Cap Rate 9%
$379,011
$379.0K
Market Conditions
NOI Build-Up for 2,820 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
$50.8K $18.00/SF
− Vacancy
−$2.0K −$0.72/SF
EGI
$48.7K $17.28/SF
− OpEx
−$14.6K −$5.18/SF
NOI
$34.1K $12.10/SF
Area
Corpus Christi, TX
Vacancy
4.00%
Lease Rate
$18.00 /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%
$682,220
Cap Rate 7%
$487,300
Cap Rate 9%
$379,011
Alternative Uses
Best Use
Retail
$487.3K
$426.4K – $568.5K
NOI $34,111 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$671.0K
$587.1K – $782.8K
NOI $46,970 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,584
Businesses Nearby
Explore this area
Business Placement
Demographics for 78401, TX
4,701
Population
2,115
Households
2.2
Avg Household Size
44
Median Age
15%
College-Educated
78%
High-School Grad
2.2 sq mi
ZIP Area
2,137
Density / Sq Mi
$37,796
Median Household Income
$22,254
Median Earnings
$930
Median Rent
$76,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Two tax IDs serve a corner lot with a 1-story stucco strip center and a separate wood house.
Where is this strip mall located?
The property is located at 310 306 302 Staples St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Corner commercial property at S. Staples and Laredo St in Corpus Christi; Two buildings on the lot: a 1‑story stucco strip center facing Staples and a wood house facing Laredo; Two separate tax ID numbers in Nueces CAD: 200022726 and 200022728
