Industrial Land with Existing
For Sale
$425,000
5102 Agnes Street, Corpus Christi, TX 78405
CommercialSale, Corpus Christi, TX
Property Size3,200 SF
Lot Size2.30 Acres
Price / SF$132.81
Days on Market112
Property Features for 5102 Agnes Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Indus
Zoning description
Indus
Subdivision
Industrial Salvage Co Tr
Lot features
Corner Lot
Standard status
Active
APN
369000000010
Size
3,200 SF
Lot size
2.30 Acres
Taxes and HOA fees
Tax Description
INDUSTRIAL SALVAGE CO TRACT
Legal Description
INDUSTRIAL SALVAGE CO TRACT
Building Details
Year built
1973
Floors in Building
1
Listing Agency:
Prime Real Estate
(361) 334-7653
Listed By:
Demi Tillman · License #0823876
(361) 548-7664
Added: May 7
Changed: Aug 19
Last Checked: Aug 26 at 2:06PM
MLS# 476079
Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2.3-acre industrial land parcel includes a 3,200-square-foot building and an existing canopy. Both improvements are in distressed condition and may require substantial rehabilitation or demolition, depending on the property's future use. The building was constructed in 1973.
The site is zoned Indus and is currently tenant occupied under an active lease. Its existing improvements and large land area provide a basis for continued industrial use or future redevelopment, subject to applicable local regulations.
The site is zoned Indus and is currently tenant occupied under an active lease. Its existing improvements and large land area provide a basis for continued industrial use or future redevelopment, subject to applicable local regulations.
Key Highlights
- 2.3‑acre industrial land parcel
- 3,200‑square‑foot existing building
- Existing canopy and building are in distressed condition
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
$16,749
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
3.94%
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%
$334,980
$335.0K
Cap Rate 7%
$239,271
$239.3K
Cap Rate 9%
$186,100
$186.1K
Market Conditions
NOI Build-Up for 3,200 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
$25.7K $8.04/SF
− Vacancy
−$1.8K −$0.56/SF
EGI
$23.9K $7.48/SF
− OpEx
−$7.2K −$2.24/SF
NOI
$16.7K $5.23/SF
Area
Corpus Christi, TX
Vacancy
7.00%
Lease Rate
$8.04 /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%
$334,980
Cap Rate 7%
$239,271
Cap Rate 9%
$186,100
Alternative Uses
Best Use
Industrial
$239.3K
$209.4K – $279.2K
NOI $16,749 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$761.4K
$666.2K – $888.3K
NOI $53,299 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Explore this area
Business Placement
Demographics for 78405, TX
14,151
Population
6,068
Households
2.3
Avg Household Size
37
Median Age
4%
College-Educated
62%
High-School Grad
5.1 sq mi
ZIP Area
2,775
Density / Sq Mi
$37,188
Median Household Income
$25,323
Median Earnings
$1,030
Median Rent
$75,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial land - Industrial-zoned land with an active lease, an existing structure, and substantial redevelopment or rehabilitation considerations.
Where is this industrial land located?
The property is located at 5102 Agnes Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2.3‑acre industrial land parcel; 3,200‑square‑foot existing building; Existing canopy and building are in distressed condition
