Flex Space with Warehouse
For Sale
$1,200,000
4243 S Port Ave, Corpus Christi, TX 78415
Multi-use commercial property combines open interior space with dedicated office areas.
Property Size10,716 SF
Price / SF$111.98
Days on Market56
Property Features for 4243 S Port Ave
General Information
Standard status
Active
Size
10,716 SF
Property subtype
Industrial
Building Details
Building Size
10,716 SF
Year Built
1947
Listing Agency:
Cravey Real Estate Services, Inc.
Listed By:
John Foret · License #TX #748161
(361) 944-4179
Source:
Craveyrealestate
Added: Aug 22
Changed: Oct 14
Last Checked: Oct 16 at 6:46AM
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 Cravey Real Estate Services, Inc.
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Investment Insights
Based on property information with market context.
This 10,716-square-foot flex property provides a multi-use configuration with an open floor plan, warehouse storage, and office areas. The layout supports a range of commercial applications while preserving flexibility between work, storage, and customer-facing functions.
Located at 4243 S Port Ave in Corpus Christi, the property is positioned in a high-volume traffic area with strong visibility. The space is identified as suitable for retail, wholesale, entertainment, and specialty commercial uses.
Located at 4243 S Port Ave in Corpus Christi, the property is positioned in a high-volume traffic area with strong visibility. The space is identified as suitable for retail, wholesale, entertainment, and specialty commercial uses.
Key Highlights
- 10,716 SF of multi‑use commercial space
- Open floor plan supports flexible configuration
- Warehouse storage areas included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,898
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,537,960
$1.5M
Cap Rate 7%
$1,098,543
$1.1M
Cap Rate 9%
$854,422
$854.4K
Market Conditions
NOI Build-Up for 10,716 SF
Gross rent
$128.6K $12.00/SF
− Vacancy
−$10.3K −$0.96/SF
EGI
$118.3K $11.04/SF
− OpEx
−$41.4K −$3.86/SF
NOI
$76.9K $7.18/SF
Area
ZIP 78415
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,537,960
Cap Rate 7%
$1,098,543
Cap Rate 9%
$854,422
Alternative Uses
Best Use
Flex RnD
$1.10M
$961.2K – $1.28M
NOI $76,898 @ 7.0% cap · market cap 6.41%
Second Best
Warehouse
$1.09M
$958.1K – $1.28M
NOI $76,649 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,486 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
751
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78415, TX
38,722
Population
15,465
Households
2.5
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
109.2 sq mi
ZIP Area
355
Density / Sq Mi
$53,803
Median Household Income
$31,748
Median Earnings
$1,166
Median Rent
$135,600
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Multi-use commercial property combines open interior space with dedicated office areas.
Where is this flex space located?
The property is located at 4243 S Port Ave Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 10,716 SF of multi‑use commercial space; Open floor plan supports flexible configuration; Warehouse storage areas included
