Residential Income
For Sale
$1,299,000
3405 Ocean Drive, Corpus Christi, TX 78411
Central air and electric kitchen appliances are among the property's reported interior features.
Property Size5,532 SF
Price / SF$234.82
Days on Market23
Property Features for 3405 Ocean Drive
General Information
Standard status
Active
Size
5,532 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$25,000
Amenities
Central Air
Central
Dishwasher, Electric Cooktop, Electric Water Heater, Disposal, Microwave
Other
ContemporaryModern
Building Details
Year Built
1970
Stories
2
Listing Agency:
LISTED SIMPLY
Listed By:
Sinan Zakaria · License #01948642
(800) 995-5879
Source:
Evrealestate
Added: Oct 6
Changed: Oct 26
Last Checked: Oct 28 at 8:19AM
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 LISTED SIMPLY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property in Corpus Christi contains 5,532 square feet and was built in 1970. Reported interior features include central air, a dishwasher, electric cooktop, electric water heater, disposal, and microwave.
The property is at 3405 Ocean Drive in Nueces County.
The property is at 3405 Ocean Drive in Nueces County.
Key Highlights
- 5,532‑square‑foot residential income property
- Built in 1970
- Central air and multiple electric kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,695
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,900
$1.0M
Cap Rate 7%
$738,500
$738.5K
Cap Rate 9%
$574,389
$574.4K
Market Conditions
NOI Build-Up for 5,532 SF
Gross rent
$107.5K $19.44/SF
− Vacancy
−$13.6K −$2.45/SF
EGI
$94.0K $16.99/SF
− OpEx
−$42.3K −$7.65/SF
NOI
$51.7K $9.34/SF
Area
Corpus Christi, TX
Vacancy
12.60%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,900
Cap Rate 7%
$738,500
Cap Rate 9%
$574,389
Alternative Uses
Best Use
Apartment 5plus
$738.5K
$646.2K – $861.6K
NOI $51,695 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,141 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
Explore this area
Business Placement
Demographics for 78411, TX
26,150
Population
10,497
Households
2.5
Avg Household Size
40
Median Age
25%
College-Educated
87%
High-School Grad
6.1 sq mi
ZIP Area
4,287
Density / Sq Mi
$60,387
Median Household Income
$31,756
Median Earnings
$1,199
Median Rent
$178,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Central air and electric kitchen appliances are among the property's reported interior features.
Where is this residential income property located?
The property is located at 3405 Ocean Drive Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 5,532‑square‑foot residential income property; Built in 1970; Central air and multiple electric kitchen appliances
