Flex Space with Overhead
For Sale
Contact for pricing
3710 Liberty Dr, Corpus Christi, TX 78408
Functional industrial suite with dedicated heating, electrical service, and restroom facilities.
Property Size1,778 SF
Price / SF$78.74
Days on Market63
Property Features for 3710 Liberty Dr
General Information
Standard status
Active
Size
1,778 SF
Property subtype
Retail, Industrial
Zoning
I-1
Additional Details
Highway Access
Yes
Amenities
overhead door
restroom
reznor heater
electrical panel
Building Details
Year Built
2001
Listing Agency:
Skogman Commercial Group Iowa City
(319) 331-0409
Listed By:
Mark Lynch · License #IA S60565000
Source:
Crexi
Added: Jul 2
Changed: Aug 30
Last Checked: Sep 1 at 7:46AM
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 Skogman Commercial Group Iowa City
Investment Insights
Based on property information with market context.
This 1,788-square-foot flex space was built in 2001 and includes an overhead door, one restroom, a Reznor heater, and an electrical panel. The suite is classified under I-1 zoning, supporting its industrial property profile.
The address is 3710 Liberty Dr. The property offers a compact configuration suited to users seeking a combination of workspace and warehouse functionality.
The address is 3710 Liberty Dr. The property offers a compact configuration suited to users seeking a combination of workspace and warehouse functionality.
Key Highlights
- 1,788 SF flex and warehouse suite
- Overhead door for loading and access
- One restroom included
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
$11,806
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
8.43%
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%
$236,120
$236.1K
Cap Rate 7%
$168,657
$168.7K
Cap Rate 9%
$131,178
$131.2K
Market Conditions
NOI Build-Up for 1,778 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
$14.9K $8.40/SF
− Vacancy
−$1.0K −$0.59/SF
EGI
$13.9K $7.81/SF
− OpEx
−$2.1K −$1.17/SF
NOI
$11.8K $6.64/SF
Area
Corpus Christi, TX
Vacancy
7.00%
Lease Rate
$8.40 /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%
$236,120
Cap Rate 7%
$168,657
Cap Rate 9%
$131,178
Alternative Uses
Best Use
Flex RnD
$267.5K
$234.0K – $312.0K
NOI $18,722 @ 7.0% cap · market cap 13.37%
Second Best
Warehouse
$168.7K
$147.6K – $196.8K
NOI $11,806 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$423.1K
$370.2K – $493.6K
NOI $29,614 @ 7.0% cap · market cap 21.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78408, TX
11,023
Population
4,543
Households
2.4
Avg Household Size
37
Median Age
8%
College-Educated
69%
High-School Grad
5.9 sq mi
ZIP Area
1,868
Density / Sq Mi
$43,096
Median Household Income
$30,621
Median Earnings
$979
Median Rent
$82,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Functional industrial suite with dedicated heating, electrical service, and restroom facilities.
Where is this flex space located?
The property is located at 3710 Liberty Dr Corpus Christi, TX.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 1,788 SF flex and warehouse suite; Overhead door for loading and access; One restroom included
