Two-Story Bar Restaurant with
For Sale
Contact for pricing
326 N Chaparral St, Corpus Christi, TX 78401
Fully remodeled two-story bar/restaurant offers a turnkey build-out and a 2,500 SF rooftop patio with city views.
Property Size13,483 SF
Price / SF$270.71
Days on Market190
Property Features for 326 N Chaparral St
General Information
Standard status
Active
Size
13,483 SF
Property subtype
RETAIL
Additional Details
Business Included
Yes
Building Details
Stories
2
Listing Agency:
DH Realty Partners | San Antonio
(512) 357-8188
Listed By:
James M. Magill · License #675040
(361) 425-1112
Source:
Moodyscre
Added: Feb 27
Changed: Sep 3
Last Checked: Jul 21 at 7:28AM
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 DH Realty Partners | San Antonio
Investment Insights
Based on property information with market context.
This fully remodeled two-story bar and restaurant includes a turnkey bar and restaurant build-out with flexible redevelopment potential. The property totals 12,483 SF and features a 2,500 SF rooftop patio with panoramic views of the city, Water Street, and Ocean Drive.
The building is situated on a downtown hard-corner location near Cosmopolitan Apartments, Water Street Oyster Bar, and Executive Surf Club.
An adjacent property at 322 N Chaparral St. is available in a package for sale. The offering also allows an option to include all FF&E and business with the sale.
The building is situated on a downtown hard-corner location near Cosmopolitan Apartments, Water Street Oyster Bar, and Executive Surf Club.
An adjacent property at 322 N Chaparral St. is available in a package for sale. The offering also allows an option to include all FF&E and business with the sale.
Key Highlights
- 12,483 SF fully remodeled two‑story bar/restaurant in downtown Corpus Christi
- 2,500 SF rooftop patio with panoramic city, Water Street, and Ocean Drive views
- Turnkey bar and restaurant build‑out with flexible redevelopment potential
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
$174,740
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
4.79%
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%
$3,494,800
$3.5M
Cap Rate 7%
$2,496,286
$2.5M
Cap Rate 9%
$1,941,556
$1.9M
Market Conditions
NOI Build-Up for 13,483 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
$242.7K $18.00/SF
− Vacancy
−$9.7K −$0.72/SF
EGI
$233.0K $17.28/SF
− OpEx
−$58.2K −$4.32/SF
NOI
$174.7K $12.96/SF
Area
Corpus Christi, TX
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$3,494,800
Cap Rate 7%
$2,496,286
Cap Rate 9%
$1,941,556
Alternative Uses
Best Use
Specialty Retail
$2.50M
$2.18M – $2.91M
NOI $174,740 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.21M
$2.81M – $3.74M
NOI $224,573 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,509
Businesses Nearby
Well-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Red Rabbit Karaoke & Music Bar — 526 S Staples St, Corpus Christi, TX 78401
- El Catrin Lounge and Dine — 805 S Staples St Suite B, Corpus Christi, TX 78404
- LAFLOR NUTRITION CLUB — 719 laredo st #4, corpus christi, tx 78401
- The Annex — 312 S Chaparral St, Corpus Christi, TX 78401
- Nueces Brewing and Barbecuing — 401 S Water St, Corpus Christi, TX 78401
Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully remodeled two-story bar/restaurant offers a turnkey build-out and a 2,500 SF rooftop patio with city views.
Where is this bar & pub located?
The property is located at 326 N Chaparral St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: 12,483 SF fully remodeled two‑story bar/restaurant in downtown Corpus Christi; 2,500 SF rooftop patio with panoramic city, Water Street, and Ocean Drive views; Turnkey bar and restaurant build‑out with flexible redevelopment potential
