Apartment Building with Gulf-View
For Sale
Contact for pricing
4301 Gulfbreeze Blvd, Corpus Christi, TX 78402
Two-building 32-unit apartment community with private balconies overlooking the Gulf, built in 1982.
Property Size17,312 SF
Price / SF$103.97
Days on Market13
Property Features for 4301 Gulfbreeze Blvd
General Information
Standard status
Active
Size
17,312 SF
Property subtype
Multifamily
Units
Unit Mix
32 x studio
Multifamily Units
32
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
1982
Buildings
2
Listing Agency:
Prime Real Estate
(361) 728-3313
Listed By:
Angie Elizondo · License #806973
Source:
Crexi
Added: Jul 23
Changed: Jul 30
Last Checked: Aug 1 at 11:28AM
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 Prime Real Estate
Investment Insights
Based on property information with market context.
Tropical Sunset Apartments is a two-building apartment community with 32 studio apartments. Each unit is approximately 472 square feet and includes a private balcony overlooking the Gulf. The property was built in 1982, and it has been owned and operated by the same owner since 2005.
The community is located in North Beach at 4301 Gulfbreeze Blvd in Corpus Christi, Texas. It is positioned just minutes from the USS Lexington Museum, Texas State Aquarium, the Port of Corpus Christi, downtown, beaches, restaurants, and entertainment.
Management has historically been primarily through referrals and word of mouth with minimal online marketing. The property is located within an Opportunity Zone.
The community is located in North Beach at 4301 Gulfbreeze Blvd in Corpus Christi, Texas. It is positioned just minutes from the USS Lexington Museum, Texas State Aquarium, the Port of Corpus Christi, downtown, beaches, restaurants, and entertainment.
Management has historically been primarily through referrals and word of mouth with minimal online marketing. The property is located within an Opportunity Zone.
Key Highlights
- 32 studio apartments across two buildings
- Private balconies overlooking the Gulf
- Each studio is approximately 472 square feet
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $336.5k | $19.44 |
| − Vacancy | −$42.4k | −$2.45 |
| EGI | $294.1k | $16.99 |
| − OpEx | −$132.4k | −$7.65 |
| NOI | $161.8k | $9.34 |
17,312 SF · lease $19.44/SF/yr · vacancy 12.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.31M
$2.02M – $2.70M
NOI $161,777 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.12M
$3.60M – $4.81M
NOI $288,349 @ 7.0% cap · market cap 16.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 78402, TX
625
Population
688
Households
0.9
Avg Household Size
54
Median Age
54%
College-Educated
100%
High-School Grad
4.2 sq mi
ZIP Area
149
Density / Sq Mi
$53,102
Median Household Income
$31,643
Median Earnings
$195,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-building 32-unit apartment community with private balconies overlooking the Gulf, built in 1982.
Where is this apartment building located?
The property is located at 4301 Gulfbreeze Blvd Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 32 studio apartments across two buildings; Private balconies overlooking the Gulf; Each studio is approximately 472 square feet
