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    Office Suites Near Downtown Title is generated by Realmo AI

    3236 Reid Drive, Corpus Christi, TX 78404

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    For Lease
    $400/Mo $0.74 SF/Yr (calc)

    COMMERCIAL - Corpus Christi, TX

    Type:Office
    Property size:
    6,484 SF
    Lot size:
    0.33 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    76
    Last Refresh:
    May 18 at 9:06 am

    Property Features for 3236 Reid Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Bedrooms
    10
    Rooms
    Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 9, Bedroom 10, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 8
    Standard status
    Active
    APN
    447500030170
    Size
    6,484 SF
    Lot size
    0.33 Acres

    Taxes and HOA fees

    Tax Description
    LINDALE PARK 4 LTS 17 & 18, EASEMENTS & APP, BLK C

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air

    Building Details

    Year built
    1956
    Floors in Building
    1
    Flooring type
    Laminate, Carpet, Tile

    We can help!

    Listing Contact
    Veronica Vela-Cavazos

    Listing agent Veronica Vela-Cavazos License #0644153

    Listing office RE/MAX ELITE 4639 Corona Dr Suite 61, Corpus Christi, TX

    Listing date Mar 3, 2026

    MLS# 472549

    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

    • Centrally located near major hospitals, downtown, and the bayfront.
    • Flexible and customizable office suites tailored to tenant needs.
    • Utilities (water & light) included.
    • Modern updates and layouts coming soon to the entire building.
    • Ideal for professional businesses, medical practitioners, and legal professionals.
    • Multiple suites available at different square footage.

    Overview

    This centrally located commercial building in Corpus Christi, Texas, offers flexible office suites suitable for professional businesses. The property is located minutes from major hospitals, the vibrant downtown district, and the scenic bayfront. The building offers customizable space options, with multiple suites available in varying square footage. Modern updates and layouts are upcoming for the entire building. The property has a lot size of 0.33 acres and a total building size of 6484 square feet. Utilities, including water and light, are included. Build out costs are pending tenant needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    John Sullivan - St ... Physician Bayberry Home Health ... Home Health Care Service Lite Touch Chiropractic ... Medical Clinic Fraternal Order of Police Volunteer Organization Legacy Media Publishing House

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.390408
    Latitude
    27.755033

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    FAQs

    What type of property is this?
    Office units - Flexible office suites in central Corpus Christi location for rent.
    Where is this office units located?
    The property is located at 3236 Reid Drive Corpus Christi, TX.
    What is the lease rate?
    The lease rate is $400 /Mo.
    What are key features of this property?
    This property features: Centrally located near major hospitals, downtown, and the bayfront.; **Flexible and customizable office suites tailored to tenant needs.**; Utilities (water & light) included.
    (361) 906-8223
    We can help!
    Listing Contact
    Veronica Vela-Cavazos
    Real Estate License ID: 0644153
    Learn More
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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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