Four-Unit
New
For Sale
$450,000
5410 Burton, Corpus Christi, TX 78411
Each residence includes a living room, kitchen, bedrooms, ceiling fans, and luxury vinyl plank flooring.
Property Size2,546 SF
Price / SF$176.75
Days on Market4
Property Features for 5410 Burton
General Information
Standard status
Active
Size
2,546 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1955
Buildings
1
Listing Agency:
Gulf Coast Realty Services
(817) 798-5223
Listed By:
Sam Blanton · License #0583058
Source:
Kmrealestate
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 31 at 1:05PM
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 Gulf Coast Realty Services
Investment Insights
Based on property information with market context.
Built in 1955, this 2,546-square-foot quadplex contains four residences with similar functional layouts. Each unit includes a living room connected to the kitchen and bedroom areas, along with luxury vinyl plank flooring throughout, ceiling fans, and a mini split in the bedroom.
Kitchen improvements include updated cabinetry, granite countertops, double-basin sinks, and space for casual dining. The two-bedroom units feature one bedroom near the living room, while the primary bedroom is positioned toward the rear with a private bathroom and two closets.
The property is located at 5410 Burton in Corpus Christi, within walking distance of Moor Plaza’s grocery, shopping, and restaurant offerings.
Kitchen improvements include updated cabinetry, granite countertops, double-basin sinks, and space for casual dining. The two-bedroom units feature one bedroom near the living room, while the primary bedroom is positioned toward the rear with a private bathroom and two closets.
The property is located at 5410 Burton in Corpus Christi, within walking distance of Moor Plaza’s grocery, shopping, and restaurant offerings.
Key Highlights
- Four‑unit multifamily property totaling 2,546 square feet
- Built in 1955
- Luxury vinyl plank flooring installed throughout all units
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
$25,980
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
5.77%
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%
$519,600
$519.6K
Cap Rate 7%
$371,143
$371.1K
Cap Rate 9%
$288,667
$288.7K
Market Conditions
NOI Build-Up for 2,546 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
$42.2K $16.56/SF
− Vacancy
−$5.0K −$1.98/SF
EGI
$37.1K $14.58/SF
− OpEx
−$11.1K −$4.37/SF
NOI
$26.0K $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 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%
$519,600
Cap Rate 7%
$371,143
Cap Rate 9%
$288,667
Alternative Uses
Best Use
Multifamily LT 5
$371.1K
$324.8K – $433.0K
NOI $25,980 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$339.9K
$297.4K – $396.5K
NOI $23,792 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$605.8K
$530.1K – $706.8K
NOI $42,406 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,937
Businesses Nearby
Explore this area
Business Placement
Demographics for 78411, TX
26,150
Population
10,497
Households
2.5
Avg Household Size
40
Median Age
25%
College-Educated
87%
High-School Grad
6.1 sq mi
ZIP Area
4,287
Density / Sq Mi
$60,387
Median Household Income
$31,756
Median Earnings
$1,199
Median Rent
$178,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes a living room, kitchen, bedrooms, ceiling fans, and luxury vinyl plank flooring.
Where is this quadplex located?
The property is located at 5410 Burton Corpus Christi, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four‑unit multifamily property totaling 2,546 square feet; Built in 1955; Luxury vinyl plank flooring installed throughout all units
