Flex Space with Adjacent
For Sale
$359,900
5125 Carroll, Corpus Christi, TX 78415
Flexible commercial layout with an adjoining vacant lot for added operational space.
Property Size2,600 SF
Lot Size0.36 Acres
Price / SF$137.05
Days on Market13
Property Features for 5125 Carroll
General Information
Standard status
Active
Size
2,600 SF
Lot size
0.36 Acres
Property subtype
Industrial
Additional Details
Highway Access
Yes
Amenities
Central Air, Electric
3
Interior lot.
Building Details
Year Built
1976
Buildings
1
Stories
1
Building Size
2,600 SF
Listing Agency:
ValTex Realty
(361) 765-9711
Listed By:
David Oliveira · License #0448849
(361) 537-9577
Source:
Xome
Added: Aug 27
Changed: Sep 6
Last Checked: Sep 7 at 5:13AM
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 ValTex Realty
Investment Insights
Based on property information with market context.
This flex-space property includes a commercial building formerly used by a printing company and an adjacent vacant parcel. The combined site encompasses approximately 0.36 acres, with the building situated on approximately 0.19 acres and the additional lot covering approximately 0.17 acres. The extra land may support expansion, parking, equipment storage, or vehicle storage, subject to applicable zoning and restrictions.
Located near SPID in Corpus Christi, the property offers traffic exposure and visibility. Its commercial configuration may accommodate an electrical contractor, security company, printing operation, service business, or professional office, subject to applicable requirements. Built in 1976, the property provides an owner-user or investor with an existing building and adjoining land in one offering.
Located near SPID in Corpus Christi, the property offers traffic exposure and visibility. Its commercial configuration may accommodate an electrical contractor, security company, printing operation, service business, or professional office, subject to applicable requirements. Built in 1976, the property provides an owner-user or investor with an existing building and adjoining land in one offering.
Key Highlights
- Approximately 0.36 acres combined across the building site and adjoining vacant lot
- Approximately 0.19‑acre building parcel
- Adjacent vacant lot of approximately 0.17 acres
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
$18,844
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
5.24%
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%
$376,880
$376.9K
Cap Rate 7%
$269,200
$269.2K
Cap Rate 9%
$209,378
$209.4K
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
$31.5K $12.00/SF
− Vacancy
−$2.5K −$0.96/SF
EGI
$29.0K $11.04/SF
− OpEx
−$10.1K −$3.86/SF
NOI
$18.8K $7.18/SF
Area
ZIP 78415
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
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%
$376,880
Cap Rate 7%
$269,200
Cap Rate 9%
$209,378
Alternative Uses
Best Use
Office B
$534.6K
$467.8K – $623.7K
NOI $37,423 @ 7.0% cap · market cap 10.40%
Second Best
Flex RnD
$269.2K
$235.6K – $314.1K
NOI $18,844 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$624.8K
$546.7K – $729.0K
NOI $43,739 @ 7.0% cap · market cap 12.15%
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
666
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Twisted Treats — 5009 Kostoryz Rd, Corpus Christi, TX 78415
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial layout with an adjoining vacant lot for added operational space.
Where is this flex space located?
The property is located at 5125 Carroll Corpus Christi, TX.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Approximately 0.36 acres combined across the building site and adjoining vacant lot; Approximately 0.19‑acre building parcel; Adjacent vacant lot of approximately 0.17 acres
