Light Industrial Warehouse with Office
For Sale
$1,100,000
3701 Apollo, Corpus Christi, TX 78413
COMMERCIAL - Corpus Christi, TX
Property Size10,000 SF
Lot Size0.38 Acres
Price / SF$110
Days on Market239
Property Features for 3701 Apollo
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Subdivision
Nottarb Place
Lot features
Corner Lot, Level
Standard status
Active
APN
578500020100
Size
10,000 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Description
NOTTARB PLACE BLK 2 LOT 10
Legal Description
NOTTARB PLACE BLK 2 LOT 10
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Amenities
break room
meeting room
Building Details
Year built
1973
Floors in Building
1
Building materials
MetalSiding
Listing Agency:
Texas Premier Realty
(210) 844-8683
Listed By:
Vicky Correa · License #0515209
(361) 688-5103
Added: Jan 2
Changed: Aug 4
Last Checked: Aug 29 at 11:06PM
MLS# 469345
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.
Investment Insights
Based on property information with market context.
This light industrial warehouse includes office space and a functional back-of-house layout for day-to-day operations. The building was built in 1973 and includes approximately 10,000 SF total, with about 1,200 SF of office space. The office area includes a break room with a full kitchen and a meeting room. Recent improvements include an AC unit, lighting in the warehouse, office flooring and carpet, resurfaced parking lot, and cement installation on the docking area.
The shop area features high ceilings estimated at approximately 20 feet and has two roll-up doors for loading access. Docking area improvements support 18-wheelers or big truck access, and the property offers off-street parking. The building is served by public water and public sewer, with natural gas central heating and central air conditioning. It is located off Apollo near Way-out Weber (WOW) and is described as being very close to major highways.
Currently used as a furniture warehouse, the space is set up for industrial storage and distribution with an on-site office component.
The shop area features high ceilings estimated at approximately 20 feet and has two roll-up doors for loading access. Docking area improvements support 18-wheelers or big truck access, and the property offers off-street parking. The building is served by public water and public sewer, with natural gas central heating and central air conditioning. It is located off Apollo near Way-out Weber (WOW) and is described as being very close to major highways.
Currently used as a furniture warehouse, the space is set up for industrial storage and distribution with an on-site office component.
Key Highlights
- Approximately 10,000 SF light industrial warehouse built in 1973
- About 1,200 SF office space with break room full kitchen and meeting room
- High ceilings estimated at approximately 20 feet
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
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road 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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Move It Self Storage — 7649 Weber Rd, Corpus Christi, TX 78415
- Coastline Boat-RV Storage — 7030 Brezina Rd, Corpus Christi, TX 78413
- Top Notch Movers LLC — 3801 apollo rd, corpus christi, tx 78413
- Saturn Wow Mini-Storage — 3817 Wow Rd, Corpus Christi, TX 78413
- Avid Storage — 6752 Weber Rd, Corpus Christi, TX 78413
Frequently Asked Questions
What type of property is this?
Warehouse - Light industrial warehouse with office space, central HVAC, and docking area built for large truck access.
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: Approximately 10,000 SF light industrial warehouse built in 1973; About 1,200 SF office space with break room full kitchen and meeting room; High ceilings estimated at approximately 20 feet
