Flex Space with Drive-Through
For Sale
$490,000
5125 Carroll Ln, Corpus Christi, TX 78415
Two-lot commercial property suited to retail, office, medical, or restaurant uses.
Property Size2,626 SF
Lot Size0.33 Acres
Price / SF$186.60
Days on Market125
Property Features for 5125 Carroll Ln
General Information
Standard status
Active
Size
2,626 SF
Lot size
0.33 Acres
Additional Details
Highway Access
Yes
Listing Agency:
Corpus Christi Realty Group
(361) 960-5223
Listed By:
Roberto Gonzalez · License #0450630
(361) 960-5223
Source:
Exprealty
Added: Apr 10
Changed: Aug 12
Last Checked: Aug 12 at 11:05AM
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 Corpus Christi Realty Group
Investment Insights
Based on property information with market context.
This 2,626 SF flex space occupies two lots measuring 108 feet by 135 feet overall. The building previously housed a print shop and a security alarm office, offering a commercial layout with established business-use history.
Located a half-block from SPID at 5125 Carroll Ln, the property is zoned for general retail, professional offices, medical clinics, and restaurants. The lot configuration provides room for a drive-through service and supports either owner occupancy or rental use.
Located a half-block from SPID at 5125 Carroll Ln, the property is zoned for general retail, professional offices, medical clinics, and restaurants. The lot configuration provides room for a drive-through service and supports either owner occupancy or rental use.
Key Highlights
- 2,626 SF flex space on two lots
- Combined lot dimensions of 108 feet by 135 feet
- Located a half‑block from SPID
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
$30,275
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
6.18%
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%
$605,500
$605.5K
Cap Rate 7%
$432,500
$432.5K
Cap Rate 9%
$336,389
$336.4K
Market Conditions
NOI Build-Up for 2,626 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
$47.3K $18.00/SF
− Vacancy
−$4.0K −$1.53/SF
EGI
$43.3K $16.47/SF
− OpEx
−$13.0K −$4.94/SF
NOI
$30.3K $11.53/SF
Area
ZIP 78415
Vacancy
8.50%
Lease Rate
$18.00 /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%
$605,500
Cap Rate 7%
$432,500
Cap Rate 9%
$336,389
Alternative Uses
Best Use
Retail
$432.5K
$378.4K – $504.6K
NOI $30,275 @ 7.0% cap · market cap 6.18%
Second Best
Flex RnD
$269.2K
$235.6K – $314.1K
NOI $18,844 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$624.8K
$546.7K – $729.0K
NOI $43,739 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78415, TX
38,722
Population
15,465
Households
2.5
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
109.2 sq mi
ZIP Area
355
Density / Sq Mi
$53,803
Median Household Income
$31,748
Median Earnings
$1,166
Median Rent
$135,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Twisted Treats — 5009 Kostoryz Rd, Corpus Christi, TX 78415
Frequently Asked Questions
What type of property is this?
Flex space - Two-lot commercial property suited to retail, office, medical, or restaurant uses.
Where is this flex space located?
The property is located at 5125 Carroll Ln Corpus Christi, TX.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 2,626 SF flex space on two lots; Combined lot dimensions of 108 feet by 135 feet; Located a half‑block from SPID
