Gated Flex Space with
For Sale
$275,500
4058 Lou Street, Corpus Christi, TX 78405
CommercialSale, Corpus Christi, TX
Property Size2,100 SF
Lot Size0.19 Acres
Price / SF$131.19
Days on Market120
Property Features for 4058 Lou Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG2
Zoning description
CG2
Subdivision
Coronado
Lot features
Corner Lot
Standard status
Active
APN
179500140140
Size
2,100 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
CORONADO LTS 14A BK 14
Legal Description
CORONADO LTS 14A BK 14
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Amenities
2 offices
production/supply room
interior restroom
exterior restroom with walk-in shower
mini split AC
Building Details
Year built
2023
Floors in Building
1
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Vaden MacLeod Real Estate
(361) 523-1494
Listed By:
Raquel Berger · License #0658184
(361) 728-1838
Added: Apr 27
Changed: Aug 19
Last Checked: Aug 24 at 3:06AM
MLS# 475492
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.
Built in 2023, this 2,100-square-foot flex facility combines office, production, and service-oriented space within a metal building. The interior includes two offices, a production and supply room, an office restroom, and one large bay with a 10X10 overhead door. An additional exterior restroom includes a walk-in tiled shower. Ductless heating and cooling serve the building, while public water and public sewer support the property.
The site encompasses 0.19 acres at the corner of Airport Rd and Lou St, between Baldwin and Agnes. A gated, fenced yard provides controlled outdoor space, with a concrete parking area offering 3-4 parking spots. The property has one main gate entrance and 2-3 other potential future entrances. IH37 is 1.8 miles away, the Port of C.C. is 3.7 miles away, Crosstown is 4.5 miles away, and C.C International Airport is 8.3 miles away.
The site encompasses 0.19 acres at the corner of Airport Rd and Lou St, between Baldwin and Agnes. A gated, fenced yard provides controlled outdoor space, with a concrete parking area offering 3-4 parking spots. The property has one main gate entrance and 2-3 other potential future entrances. IH37 is 1.8 miles away, the Port of C.C. is 3.7 miles away, Crosstown is 4.5 miles away, and C.C International Airport is 8.3 miles away.
Key Highlights
- 2,100 square feet of flex space in a 2023 metal building
- CG2 zoning designation
- Two offices, production/supply room, and interior restroom
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
$22,113
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
8.03%
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%
$442,260
$442.3K
Cap Rate 7%
$315,900
$315.9K
Cap Rate 9%
$245,700
$245.7K
Market Conditions
NOI Build-Up for 2,100 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
$37.8K $18.00/SF
− Vacancy
−$3.8K −$1.80/SF
EGI
$34.0K $16.20/SF
− OpEx
−$11.9K −$5.67/SF
NOI
$22.1K $10.53/SF
Area
Corpus Christi, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$442,260
Cap Rate 7%
$315,900
Cap Rate 9%
$245,700
Alternative Uses
Best Use
Flex RnD
$315.9K
$276.4K – $368.6K
NOI $22,113 @ 7.0% cap · market cap 8.03%
Second Best
Industrial
$157.0K
$137.4K – $183.2K
NOI $10,991 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$499.7K
$437.2K – $583.0K
NOI $34,978 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78405, TX
14,151
Population
6,068
Households
2.3
Avg Household Size
37
Median Age
4%
College-Educated
62%
High-School Grad
5.1 sq mi
ZIP Area
2,775
Density / Sq Mi
$37,188
Median Household Income
$25,323
Median Earnings
$1,030
Median Rent
$75,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Recently built flex facility with office, production, restroom, bay, and secured outdoor storage area.
Where is this flex space located?
The property is located at 4058 Lou Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $275,500.
What are key features of this property?
This property features: 2,100 square feet of flex space in a 2023 metal building; CG2 zoning designation; Two offices, production/supply room, and interior restroom
