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    310 306 302 Staples Street, Corpus Christi, TX 78401

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    Claim this Listing
    For Sale
    $525,000

    SINGLE_FAMILY - Corpus Christi, TX

    Type:Retail
    Property size:
    2,820 SF
    Lot size:
    0.65 Acres
    Price / SF:
    $186/SF
    Added:
    Mar 26, 2025
    Days on Market:
    434
    Last Refresh:
    Jun 2 at 10:06 am

    Property Features for 310 306 302 Staples Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    Commer
    Parking features
    Off Street
    Standard status
    Active
    APN
    200022728,200022726
    Size
    2,820 SF
    Lot size
    0.65 Acres

    Taxes and HOA fees

    Tax Description
    310, 306 & 302 Staples St Corpus Christi, Texas 78401 South Bluff .312 Acres of Lts 6,7 & all of lot 8, Bk 14. It also includes 1017 Laredo So Bluff, .156 Acres of Lots 6 &7 Bk 14. A combined total of .468 Acres for a total of 20,386 sq ft.

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    1

    We can help!

    Listing Contact
    Gloria Redding

    Listing agent Gloria Redding License #0501944

    Listing office Garron Dean & Associates 453 Robert Dr, TX

    Listing date Mar 26, 2025

    MLS# 456504

    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

    • Prime commercial location in uptown Corpus Christi.
    • High traffic and signage visibility.
    • Two separate tax ID numbers.
    • Zoned commercial.
    • Corner lot on S. Staples and Laredo St.
    • Two buildings on the lot.

    Overview

    This commercial property is located in uptown Corpus Christi, situated on the corner of S. Staples and Laredo St. The property consists of two separate tax ID numbers. There are two buildings on the lot. One is a one-story stucco strip center facing Staples Street, which may require demolition. The other is a wood house facing Laredo Street, which is in need of repair but could be renovated. The property is zoned commercial and offers high traffic and signage visibility.

    Local Financial Insights For Retail

    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 $50.8k $18.00
    − Vacancy −$2.0k −$0.72
    EGI $48.7k $17.28
    − OpEx −$14.6k −$5.18
    NOI $34.1k $12.10
    2,820 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $487.3K
    $426.4K – $568.5K (±1% cap)
    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 (±1% cap)
    NOI $46,970 @ 7.0% cap · market cap 8.95%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Auto Repair Shop 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
    -97.402994
    Latitude
    27.792776

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    FAQs

    What type of property is this?
    Strip mall - Commercial property in uptown Corpus Christi with high traffic visibility.
    Where is this strip mall located?
    The property is located at 310 306 302 Staples Street 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: Prime commercial location in uptown Corpus Christi.; High traffic and signage visibility.; Two separate tax ID numbers.
    (361) 765-1897
    We can help!
    Listing Contact
    Gloria Redding
    Real Estate License ID: 0501944
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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.

    More about this property
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    310,306,302, Staples Street, Corpus Christi, TX 78401
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