Remodeled Mixed-Use
For Sale
$595,000
535 S Carancahua Street, Corpus Christi, TX 78401
CommercialSale, Corpus Christi, TX
Property Size2,746 SF
Lot Size0.27 Acres
Price / SF$216.68
Days on Market295
Property Features for 535 S Carancahua Street
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
Rayne Tr
Lot features
Corner Lot
Standard status
Active
APN
713500040010
Size
2,746 SF
Lot size
0.27 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
RAYNE TR E/2 OF BK 4 ORR TR A BK 4
Legal Description
RAYNE TR E/2 OF BK 4 ORR TR A BK 4
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1924
Floors in Building
2
Buildings
2
Listing Agency:
DH Realty Partners Inc
(210) 222-2424
Listed By:
James Magill · License #0675040
(361) 425-1112
Added: Jan 9
Changed: Oct 31
Last Checked: Oct 31 at 11:06PM
MLS# 469729
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.
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Investment Insights
Based on property information with market context.
This remodeled mixed-use property includes a 1,930-square-foot front house and an 816-square-foot rear unit, totaling 2,746 square feet. The front residence has 3 bedrooms and 2.5 bathrooms, while the rear home contains 2 bedrooms and 1 bathroom and is currently leased. Both units are served by central air, with natural gas and public water and sewer. Built in 1924, the property offers water views from the porch and supports residential and limited commercial uses, including professional offices, small retail or service businesses, and live/work arrangements. Its location on S Carancahua Street places the property along the Carancahua corridor in Corpus Christi.
Key Highlights
- 2,746 square feet across a 1,930 SF front house and 816 SF rear unit
- Front residence includes 3 bedrooms and 2.5 bathrooms
- Rear unit offers 2 bedrooms and 1 bathroom and is currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,021
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,420
$560.4K
Cap Rate 7%
$400,300
$400.3K
Cap Rate 9%
$311,344
$311.3K
Market Conditions
NOI Build-Up for 2,746 SF
Gross rent
$45.5K $16.56/SF
− Vacancy
−$5.4K −$1.98/SF
EGI
$40.0K $14.58/SF
− OpEx
−$12.0K −$4.37/SF
NOI
$28.0K $10.20/SF
Area
Corpus Christi, TX
Vacancy
11.97%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,420
Cap Rate 7%
$400,300
Cap Rate 9%
$311,344
Alternative Uses
Best Use
Multifamily LT 5
$400.3K
$350.3K – $467.0K
NOI $28,021 @ 7.0% cap · market cap 4.71%
Second Best
Mixed Use
$397.2K
$347.5K – $463.4K
NOI $27,803 @ 7.0% cap · market cap 4.67%
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,662
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residences support flexible residential, office, retail, service, and live/work configurations.
Where is this mixed-use property located?
The property is located at 535 S Carancahua Street 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: 2,746 square feet across a 1,930 SF front house and 816 SF rear unit; Front residence includes 3 bedrooms and 2.5 bathrooms; Rear unit offers 2 bedrooms and 1 bathroom and is currently leased
