Freestanding Flex Space with Grade
For Sale
$1,500,000
5202 Ayers Street, Corpus Christi, TX 78415
CommercialSale, Corpus Christi, TX
Property Size10,580 SF
Lot Size0.95 Acres
Price / SF$141.78
Days on Market47
Property Features for 5202 Ayers Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Lexington
Lot features
Corner Lot, Level
Standard status
Active
APN
4375-0003-0010
Size
10,580 SF
Lot size
0.95 Acres
Taxes and HOA fees
Tax Description
LEXINGTON SUB LT 1-A BK 3
Legal Description
LEXINGTON SUB LT 1-A BK 3
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
drive-in grade-level doors
Building Details
Year built
1980
Floors in Building
1
Listing Agency:
Corpus Christi Realty Group
(361) 992-8400
Listed By:
Roberto Gonzalez · License #0450630
(361) 960-5223
Added: Jul 25
Changed: Aug 25
Last Checked: Sep 9 at 8:06PM
MLS# 479953
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 10,580-square-foot freestanding flex space occupies a 0.95-acre site and was built in 1980. The building includes two drive-in, grade-level doors for loading and inventory movement, along with central air conditioning. Public water and public sewer serve the property.
Located at 5202 Ayers Street in Corpus Christi, the property sits along a major thoroughfare with access to the Crosstown Expressway, TX-286, just seconds away. An expansive parking area provides a 3.78/1,000 SF parking ratio, supporting customer, employee, and operational needs. The combination of building scale, loading functionality, parking, and regional roadway access suits a range of commercial applications.
Located at 5202 Ayers Street in Corpus Christi, the property sits along a major thoroughfare with access to the Crosstown Expressway, TX-286, just seconds away. An expansive parking area provides a 3.78/1,000 SF parking ratio, supporting customer, employee, and operational needs. The combination of building scale, loading functionality, parking, and regional roadway access suits a range of commercial applications.
Key Highlights
- 10,580‑square‑foot freestanding flex space on a 0.95‑acre site
- Two drive‑in, grade‑level doors for loading and inventory handling
- 3.78/1,000 SF parking ratio
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
$121,977
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
8.13%
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%
$2,439,540
$2.4M
Cap Rate 7%
$1,742,529
$1.7M
Cap Rate 9%
$1,355,300
$1.4M
Market Conditions
NOI Build-Up for 10,580 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
$190.4K $18.00/SF
− Vacancy
−$16.2K −$1.53/SF
EGI
$174.3K $16.47/SF
− OpEx
−$52.3K −$4.94/SF
NOI
$122.0K $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%
$2,439,540
Cap Rate 7%
$1,742,529
Cap Rate 9%
$1,355,300
Alternative Uses
Best Use
Retail
$1.74M
$1.52M – $2.03M
NOI $121,977 @ 7.0% cap · market cap 8.13%
Second Best
Flex RnD
$1.08M
$949.0K – $1.27M
NOI $75,922 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,220 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
591
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Central air, public utilities, loading access, and substantial on-site parking support varied commercial operations.
Where is this flex space located?
The property is located at 5202 Ayers Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10,580‑square‑foot freestanding flex space on a 0.95‑acre site; Two drive‑in, grade‑level doors for loading and inventory handling; 3.78/1,000 SF parking ratio
