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 Size2,626 SF
Lot Size0.36 Acres
Price / SF$138.42
Days on Market54
Property Features for 5125 Carroll
General Information
Standard status
Active
Size
2,626 SF
Lot size
0.36 Acres
Property subtype
Industrial
Additional Details
Highway Access
Yes
Building Details
Building Size
2,626 SF
Year Built
1976
Buildings
1
Listing Agency:
ValTex Realty
Listed By:
David Oliveira · License #0448849
(361) 537-9577
Source:
National-onerealty
Added: Aug 31
Changed: Oct 16
Last Checked: Oct 23 at 1:56PM
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
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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 / Yr
$18,658
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,160
$373.2K
Cap Rate 7%
$266,543
$266.5K
Cap Rate 9%
$207,311
$207.3K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$31.2K $12.00/SF
− Vacancy
−$2.5K −$0.96/SF
EGI
$28.7K $11.04/SF
− OpEx
−$10.0K −$3.86/SF
NOI
$18.7K $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 Rate 5%
$373,160
Cap Rate 7%
$266,543
Cap Rate 9%
$207,311
Alternative Uses
Best Use
Office B
$529.3K
$463.2K – $617.5K
NOI $37,052 @ 7.0% cap · market cap 10.30%
Second Best
Flex RnD
$266.5K
$233.2K – $311.0K
NOI $18,658 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$618.7K
$541.3K – $721.8K
NOI $43,306 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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
