Light Industrial Warehouse with
For Sale
$1,100,000
3701 Apollo, Corpus Christi, TX 78413
A light industrial warehouse with office space and 20-foot shop ceilings, supported by recent building and site improvements.
Property Size10,000 SF
Price / SF$110
Days on Market100
Property Features for 3701 Apollo
General Information
Standard status
Active
Size
10,000 SF
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1973
Listing Agency:
Texas Premier Realty
Listed By:
Vicky Correa · License #0515209
(361) 688-5103
Source:
Thebranchinc
Added: Jun 7
Changed: Sep 8
Last Checked: Sep 13 at 12:56PM
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 Texas Premier Realty
Investment Insights
Based on property information with market context.
This property is a light industrial warehouse built in 1973 offering approximately 10,000 square feet total, including about 1,200 square feet of office space. The office area includes a break room with a full kitchen and a separate meeting room. The warehouse features high ceilings estimated at around 20 feet and is served by two roll-up doors, approximately 10x10 and 10x12. Recent updates include an AC unit, new/updated lighting in the warehouse, office flooring and carpet, along with a resurfaced parking lot. The docking area has also been improved with cement to support access for 18-wheelers or large trucks.
The building is located on Apollo Road, off Way-out Weber (WOW), and is described as being very close to major highways, supporting convenient regional access.
As currently configured for light industrial use, this facility suits businesses that need both warehouse space and dedicated front office space in one building. The combination of office amenities, high warehouse ceilings, and truck-friendly docking improvements makes it practical for operators requiring straightforward logistics and workplace support on site.
The building is located on Apollo Road, off Way-out Weber (WOW), and is described as being very close to major highways, supporting convenient regional access.
As currently configured for light industrial use, this facility suits businesses that need both warehouse space and dedicated front office space in one building. The combination of office amenities, high warehouse ceilings, and truck-friendly docking improvements makes it practical for operators requiring straightforward logistics and workplace support on site.
Key Highlights
- Light industrial warehouse with about 10,000 SF total, including approximately 1,200 SF of office space
- Shop area has high ceilings likely 20 ft and includes 2 roll‑up doors (approximately 10x10' and 10x12')
- Office area includes a break room with a full kitchen and a meeting room
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
$72,293
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
6.57%
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%
$1,445,860
$1.4M
Cap Rate 7%
$1,032,757
$1.0M
Cap Rate 9%
$803,256
$803.3K
Market Conditions
NOI Build-Up for 10,000 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
$90.0K $9.00/SF
− Vacancy
−$5.0K −$0.50/SF
EGI
$85.1K $8.50/SF
− OpEx
−$12.8K −$1.28/SF
NOI
$72.3K $7.23/SF
Area
ZIP 78413
Vacancy
5.50%
Lease Rate
$9.00 /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%
$1,445,860
Cap Rate 7%
$1,032,757
Cap Rate 9%
$803,256
Alternative Uses
Best Use
Office B
$2.25M
$1.97M – $2.63M
NOI $157,831 @ 7.0% cap · market cap 14.35%
Second Best
Warehouse
$1.03M
$903.7K – $1.20M
NOI $72,293 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$3.80M
$3.32M – $4.43M
NOI $265,663 @ 7.0% cap · market cap 24.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78413, TX
37,531
Population
15,501
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,751
Density / Sq Mi
$71,624
Median Household Income
$44,342
Median Earnings
$1,321
Median Rent
$230,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - A light industrial warehouse with office space and 20-foot shop ceilings, supported by recent building and site improvements.
Where is this warehouse located?
The property is located at 3701 Apollo Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Light industrial warehouse with about 10,000 SF total, including approximately 1,200 SF of office space; Shop area has high ceilings likely 20 ft and includes 2 roll‑up doors (approximately 10x10' and 10x12'); Office area includes a break room with a full kitchen and a meeting room
