Corpus Christi Retail
For Sale
$2,000,000
5101 Leopard & 549 Navigation, Corpus Christi, TX 78408
8,294 SF retail space available in Corpus Christi, TX.
Property Size8,294 SF
Price / SF$241.14
Days on Market219
Property Features for 5101 Leopard & 549 Navigation
General Information
Standard status
Active
Size
8,294 SF
Property subtype
Retail
Building Details
Building Size
8,294 SF
Listed By:
Matthew Cravey, SIOR, CCIM · License #TX #203443
(361) 877-2463
Source:
Craveyrealestate
Added: Mar 26
Changed: Oct 25
Last Checked: Oct 28 at 4:49AM
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 Matthew Cravey, SIOR, CCIM
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space, offering 8,294 square feet, is located in Corpus Christi, TX. The property is suitable for retail use.
Key Highlights
- Retail Property
- 8,294 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,324
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,006,480
$2.0M
Cap Rate 7%
$1,433,200
$1.4M
Cap Rate 9%
$1,114,711
$1.1M
Market Conditions
NOI Build-Up for 8,294 SF
Gross rent
$149.3K $18.00/SF
− Vacancy
−$6.0K −$0.72/SF
EGI
$143.3K $17.28/SF
− OpEx
−$43.0K −$5.18/SF
NOI
$100.3K $12.10/SF
Area
Corpus Christi, TX
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,006,480
Cap Rate 7%
$1,433,200
Cap Rate 9%
$1,114,711
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,324 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,145 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
Demographics for 78408, TX
11,023
Population
4,543
Households
2.4
Avg Household Size
37
Median Age
8%
College-Educated
69%
High-School Grad
5.9 sq mi
ZIP Area
1,868
Density / Sq Mi
$43,096
Median Household Income
$30,621
Median Earnings
$979
Median Rent
$82,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - 8,294 SF retail space available in Corpus Christi, TX.
Where is this retail space located?
The property is located at 5101 Leopard & 549 Navigation Corpus Christi, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Retail Property; 8,294 SF
