Remodeled Mixed-Use Income
For Sale
$595,000
535 S Carancahua St, Corpus Christi, TX 78401
Remodeled mixed-use property with a front house and a leased rear unit totaling 2,746 square feet.
Property Size2,746 SF
Price / SF$216.68
Days on Market204
Property Features for 535 S Carancahua St
General Information
Standard status
Active
Size
2,746 SF
Additional Details
Multifamily Units
2
Listing Agency:
DH Realty Partners Inc
(361) 425-1112
Listed By:
James Magill · License #675040
(361) 425-1112
Source:
Exprealty
Added: Jan 9
Changed: Jul 28
Last Checked: Jul 31 at 1:16PM
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 DH Realty Partners Inc
Investment Insights
Based on property information with market context.
This remodeled mixed-use income property includes a 1,930 SF front house and an 816 SF rear unit. The front residence features 3 bedrooms and 2.5 bathrooms, and the rear unit offers 2 bedrooms and 1 bathroom. The rear home is currently leased, providing in-place rental income.
The property is located along the Carancahua corridor and is described as offering oceanfront water views from the porch. The asset is positioned for flexible use, with the ability to support both residential and limited commercial uses, including multifamily housing, professional office use, small retail or service businesses, and live/work or mixed-use configurations.
With separate front and rear components and an updated interior throughout, the property suits an owner-user or investor looking for a versatile layout with existing occupancy in the rear unit.
The property is located along the Carancahua corridor and is described as offering oceanfront water views from the porch. The asset is positioned for flexible use, with the ability to support both residential and limited commercial uses, including multifamily housing, professional office use, small retail or service businesses, and live/work or mixed-use configurations.
With separate front and rear components and an updated interior throughout, the property suits an owner-user or investor looking for a versatile layout with existing occupancy in the rear unit.
Key Highlights
- Totally remodeled mixed‑use property along the Carancahua corridor with oceanfront water views from the porch
- 2,746 SF total: 1,930 SF front house plus 816 SF rear unit
- Front residence offers 3 bedrooms and 2.5 bathrooms
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.6k | $22.44 |
| − Vacancy | −$9.2k | −$3.34 |
| EGI | $52.5k | $19.10 |
| − OpEx | −$13.1k | −$4.78 |
| NOI | $39.3k | $14.33 |
2,746 SF · lease $22.44/SF/yr · vacancy 14.87% · expense 25.00%
Alternative Uses
Best Use
Office B
$562.0K
$491.8K – $655.7K
NOI $39,343 @ 7.0% cap · market cap 6.61%
Second Best
Multifamily LT 5
$400.3K
$350.3K – $467.0K
NOI $28,021 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$653.4K
$571.7K – $762.3K
NOI $45,737 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,225
Businesses Nearby
Explore this area
Business Placement
Demographics for 78401, TX
4,701
Population
2,115
Households
2.2
Avg Household Size
44
Median Age
15%
College-Educated
78%
High-School Grad
2.2 sq mi
ZIP Area
2,137
Density / Sq Mi
$37,796
Median Household Income
$22,254
Median Earnings
$930
Median Rent
$76,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Remodeled mixed-use property with a front house and a leased rear unit totaling 2,746 square feet.
Where is this duplex located?
The property is located at 535 S Carancahua St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Totally remodeled mixed‑use property along the Carancahua corridor with oceanfront water views from the porch; 2,746 SF total: 1,930 SF front house plus 816 SF rear unit; Front residence offers 3 bedrooms and 2.5 bathrooms
