Triplex with Fenced
For Sale
$395,000
5077 Wingfoot, Corpus Christi, TX 78413
Three two-bedroom apartments offer varied floor plans, fireplaces, carport parking, and individual fenced outdoor areas.
Property Size3,706 SF
Price / SF$106.58
Days on Market27
Property Features for 5077 Wingfoot
General Information
Standard status
Active
Size
3,706 SF
Property subtype
Multi-Family
Building Details
Year Built
1980
Listing Agency:
Kessling Services
(361) 548-9190
Listed By:
Joseph Kessling · License #0216749
Source:
Thebranchinc
Added: Aug 5
Changed: Aug 29
Last Checked: Aug 30 at 8:19PM
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 Kessling Services
Investment Insights
Based on property information with market context.
This 3,706-square-foot triplex, built in 1980, contains three two-bedroom apartments. Each residence includes a generously sized living area and fireplace, along with a fully fenced backyard. Two apartments place both bedrooms on the upper level, while the third uses a single-level layout, creating a mix of configurations within the property.
The property is located at 5077 Wingfoot in Corpus Christi’s Southside. A large public park with multiple recreational activities sits across the alley behind the property, with alley access extending to the carport parking area. The combination of private fenced yards, fireplaces, and varied floor plans defines the physical offering.
The property is located at 5077 Wingfoot in Corpus Christi’s Southside. A large public park with multiple recreational activities sits across the alley behind the property, with alley access extending to the carport parking area. The combination of private fenced yards, fireplaces, and varied floor plans defines the physical offering.
Key Highlights
- Three two‑bedroom apartments within a 3,706‑square‑foot triplex
- Built in 1980
- Two units have both bedrooms upstairs; one unit is entirely single‑level
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
$34,803
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
8.81%
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%
$696,060
$696.1K
Cap Rate 7%
$497,186
$497.2K
Cap Rate 9%
$386,700
$386.7K
Market Conditions
NOI Build-Up for 3,706 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
$56.5K $15.24/SF
− Vacancy
−$6.8K −$1.82/SF
EGI
$49.7K $13.42/SF
− OpEx
−$14.9K −$4.02/SF
NOI
$34.8K $9.39/SF
Area
ZIP 78413
Vacancy
11.97%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
30.00%
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%
$696,060
Cap Rate 7%
$497,186
Cap Rate 9%
$386,700
Alternative Uses
Best Use
Multifamily LT 5
$497.2K
$435.0K – $580.1K
NOI $34,803 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$430.6K
$376.8K – $502.4K
NOI $30,143 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,455 @ 7.0% cap · market cap 24.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom apartments offer varied floor plans, fireplaces, carport parking, and individual fenced outdoor areas.
Where is this triplex located?
The property is located at 5077 Wingfoot Corpus Christi, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three two‑bedroom apartments within a 3,706‑square‑foot triplex; Built in 1980; Two units have both bedrooms upstairs; one unit is entirely single‑level
