Climate Controlled Warehouse For
For Sale
Contact for pricing
3117 Cabaniss Rd, Corpus Christi, TX
Climate-controlled warehouse space available for lease.
Property Size12,775 SF
Lot Size1.60 Acres
Price / SF$176.13
Days on Market452
Property Features for 3117 Cabaniss Rd
General Information
Standard status
Active
Size
12,775 SF
Lot size
1.60 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 3117 Cabaniss Rd Contact us- Floor
- 1
- Size
- 12,775 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
3117 Cabaniss Rd
- 20ft eave height, 18.5ft clear height.
- Building is climate controlled. 7 A/C...
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Contact us
Listing Agency:
Cravey Real Estate Services, Inc.
(361) 289-5168
Listed By:
Matthew Cravey · License #0409080
(361) 877-2463
Source:
Moodyscre
Added: Jun 13, 2025
Changed: Sep 4
Last Checked: Sep 7 at 12:08PM
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 Cravey Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This property features a climate-controlled warehouse with a 20ft eave height and an 18.5ft clear height. The building includes seven A/C units, with two dedicated to the office area and five serving the warehouse and mezzanine areas. There are five restrooms in total: two in the office area, two in the warehouse area, and one in the mezzanine area. The warehouse is equipped with two dock-high overhead doors. The property offers a total area of 12,775 square feet and is located on Cabaniss Rd in Corpus Christi, TX.
Key Highlights
- Climate‑controlled building with 7 A/C units (2 for office, 5 for warehouse/mezzanine).
- 20ft eave height, 18.5ft clear height.
- Two (2) dock high overhead doors** in warehouse.
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
$84,829
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
3.77%
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%
$1,696,580
$1.7M
Cap Rate 7%
$1,211,843
$1.2M
Cap Rate 9%
$942,544
$942.5K
Market Conditions
NOI Build-Up for 12,775 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
$107.3K $8.40/SF
− Vacancy
−$7.5K −$0.59/SF
EGI
$99.8K $7.81/SF
− OpEx
−$15.0K −$1.17/SF
NOI
$84.8K $6.64/SF
Area
Corpus Christi, TX
Vacancy
7.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
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%
$1,696,580
Cap Rate 7%
$1,211,843
Cap Rate 9%
$942,544
Alternative Uses
Best Use
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,829 @ 7.0% cap · market cap 3.77%
Second Best
Industrial
$955.2K
$835.8K – $1.11M
NOI $66,865 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $212,780 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Coastline Boat-RV Storage — 7030 Brezina Rd, Corpus Christi, TX 78413
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- Saturn Wow Mini-Storage — 3817 Wow Rd, Corpus Christi, TX 78413
- Avid Storage — 6752 Weber Rd, Corpus Christi, TX 78413
- Self Storage — 3609 Wow Rd, Corpus Christi, TX 78413, United States
Frequently Asked Questions
What type of property is this?
Warehouse - Climate-controlled warehouse space available for lease.
Where is this warehouse located?
The property is located at 3117 Cabaniss Rd Corpus Christi, TX.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Climate‑controlled building with 7 A/C units (2 for office, 5 for warehouse/mezzanine).; 20ft eave height, **18.5ft clear height**.; Two (2) dock high overhead doors** in warehouse.
