Versatile Warehouse with Office
For Sale
Contact for pricing
4818 Gemini St, Corpus Christi, TX
Warehouse with office space, storage, and extra parking.
Property Size3,600 SF
Lot Size0.19 Acres
Price / SF$110.83
Days on Market438
Property Features for 4818 Gemini St
General Information
Standard status
Active
Size
3,600 SF
Lot size
0.19 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Cravey Real Estate Services, Inc.
(361) 944-4179
Listed By:
John Foret · License #748161
(361) 944-4179
Source:
Moodyscre
Added: Jun 13, 2025
Changed: Aug 19
Last Checked: Aug 23 at 6:20AM
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.
Investment Insights
Based on property information with market context.
This property features three downstairs office spaces, including one large and two smaller offices, along with a break area and restroom. Upstairs, there are two large office or meeting rooms. The warehouse space measures approximately 3,300 square feet and includes a restroom and secured toolroom. A partially covered cement work area is located behind the warehouse. Additionally, there is an approximately 600 square foot detached storage unit. The property also offers extra parking on site.
Key Highlights
- 3,300 sq/ft of warehouse space featuring a restroom and secured toolroom
- Multiple office spaces: three downstairs and two large rooms upstairs
- Additional property allows for extra parking on site
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
$23,905
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
5.99%
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%
$478,100
$478.1K
Cap Rate 7%
$341,500
$341.5K
Cap Rate 9%
$265,611
$265.6K
Market Conditions
NOI Build-Up for 3,600 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
$30.2K $8.40/SF
− Vacancy
−$2.1K −$0.59/SF
EGI
$28.1K $7.81/SF
− OpEx
−$4.2K −$1.17/SF
NOI
$23.9K $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%
$478,100
Cap Rate 7%
$341,500
Cap Rate 9%
$265,611
Alternative Uses
Best Use
Office B
$736.8K
$644.7K – $859.7K
NOI $51,579 @ 7.0% cap · market cap 12.93%
Second Best
Warehouse
$341.5K
$298.8K – $398.4K
NOI $23,905 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$856.6K
$749.5K – $999.4K
NOI $59,962 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- U-Pack — 320 Hereford Rd, Corpus Christi, TX 78408
- Faraday Electric Motors — 102 S Navigation Blvd, Corpus Christi, TX 78405
- South Texas Cold Storage — 260 Mc Bride Ln, Corpus Christi, TX 78408
- CubeSmart Self Storage — 126 Flato Rd, Corpus Christi, TX 78405
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with office space, storage, and extra parking.
Where is this warehouse located?
The property is located at 4818 Gemini St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 3,300 sq/ft of warehouse space featuring a restroom and secured toolroom; Multiple office spaces: three downstairs and two large rooms upstairs; Additional property allows for extra parking on site
