Corner Flex Space with
New
For Sale
$695,000
3801 Saturn, Corpus Christi, TX 78413
CommercialSale, Corpus Christi, TX
Property Size5,184 SF
Lot Size0.34 Acres
Price / SF$134.07
Days on Market2
Property Features for 3801 Saturn
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Off Street
Subdivision
Nottarb Place
Lot features
Corner Lot
Standard status
Active
APN
272820
Size
5,184 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
NOTTARB PLACE #2 BLK 4 LOT 11
Legal Description
NOTTARB PLACE #2 BLK 4 LOT 11
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1997
Floors in Building
1
Number of units
3
Building materials
MetalSiding
Listing Agency:
Mirabal Montalvo & Associates
(361) 994-1140
Listed By:
James Mirabal · License #0481796
(361) 774-4137
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 21 at 8:06AM
MLS# 481249
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 5,184-square-foot flex property combines high-clearance warehouse area with office suites in a metal-sided building constructed in 1997. Multiple bay doors, drive-through circulation, and two entry points support movement through the building, while off-street parking serves occupants and visitors. Central air and central/electric heating are installed.
The property occupies 0.34 acres at 3801 Saturn in Corpus Christi, Nueces County, Texas. Its corner-lot position provides a distinct site configuration, and public water and public sewer serve the property. The layout brings warehouse and administrative areas together within one commercial building.
The property occupies 0.34 acres at 3801 Saturn in Corpus Christi, Nueces County, Texas. Its corner-lot position provides a distinct site configuration, and public water and public sewer serve the property. The layout brings warehouse and administrative areas together within one commercial building.
Key Highlights
- 5,184 square feet of flex space with warehouse and office areas
- 0.34‑acre corner‑lot property at 3801 Saturn, Corpus Christi, TX 78413
- High‑clearance warehouse area with multiple bay doors
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
$37,476
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
5.39%
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%
$749,520
$749.5K
Cap Rate 7%
$535,371
$535.4K
Cap Rate 9%
$416,400
$416.4K
Market Conditions
NOI Build-Up for 5,184 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
$46.7K $9.00/SF
− Vacancy
−$2.6K −$0.50/SF
EGI
$44.1K $8.50/SF
− OpEx
−$6.6K −$1.28/SF
NOI
$37.5K $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%
$749,520
Cap Rate 7%
$535,371
Cap Rate 9%
$416,400
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,820 @ 7.0% cap · market cap 11.77%
Second Best
Warehouse
$535.4K
$468.5K – $624.6K
NOI $37,476 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,720 @ 7.0% cap · market cap 19.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Under-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
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Frequently Asked Questions
What type of property is this?
Flex space - Metal-sided flex property with warehouse bays, office suites, and drive-through access.
Where is this flex space located?
The property is located at 3801 Saturn Corpus Christi, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 5,184 square feet of flex space with warehouse and office areas; 0.34‑acre corner‑lot property at 3801 Saturn, Corpus Christi, TX 78413; High‑clearance warehouse area with multiple bay doors
