Built-Out Medical Office
For Sale
$367,000
5426 Holly Road Unit #4, Corpus Christi, TX 78411
Efficient professional suite with exam rooms, reception, staff areas, and multiple restrooms for healthcare or office operations.
Property Size1,708 SF
Price / SF$214.87
Days on Market91
Property Features for 5426 Holly Road Unit #4
General Information
Standard status
Active
Size
1,708 SF
Property subtype
Office Condo (former dentist office)
Additional Details
Road Access
Yes
Listing Agency:
Cravey Real Estate Services, Inc.
(361) 815-2155
Listed By:
Lynann Pinkham · License #TX #319336
(361) 815-2155
Source:
Craveyrealestate
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 30 at 9:06PM
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 Cravey Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This 1,708-square-foot medical office condo is configured for professional use with four treatment or exam rooms, a private doctor's office with restroom, and a reception area connected to a spacious waiting room. The interior also includes a central sterilization and work area, lab, dark room, kitchen or break area, and multiple restrooms serving staff and patients.
The unit is at 5426 Holly Road in Corpus Christi's Southside, with access from Holly Road, a secondary arterial. Established professional and commercial businesses surround the property. The layout supports medical, dental, wellness, or general office use.
The unit is at 5426 Holly Road in Corpus Christi's Southside, with access from Holly Road, a secondary arterial. Established professional and commercial businesses surround the property. The layout supports medical, dental, wellness, or general office use.
Key Highlights
- 1,708 SF medical office condo at 5426 Holly Road, Unit #4
- Four treatment or exam rooms plus a private doctor's office with restroom
- Reception area with spacious waiting room
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
$24,471
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
6.67%
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%
$489,420
$489.4K
Cap Rate 7%
$349,586
$349.6K
Cap Rate 9%
$271,900
$271.9K
Market Conditions
NOI Build-Up for 1,708 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
$38.3K $22.44/SF
− Vacancy
−$5.7K −$3.34/SF
EGI
$32.6K $19.10/SF
− OpEx
−$8.2K −$4.78/SF
NOI
$24.5K $14.33/SF
Area
Corpus Christi, TX
Vacancy
14.87%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
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%
$489,420
Cap Rate 7%
$349,586
Cap Rate 9%
$271,900
Alternative Uses
Best Use
Office B
$349.6K
$305.9K – $407.9K
NOI $24,471 @ 7.0% cap · market cap 6.67%
Second Best
Healthcare Medical
$284.6K
$249.0K – $332.0K
NOI $19,922 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$406.4K
$355.6K – $474.1K
NOI $28,448 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,800
Businesses Nearby
Under-served
Demand for This Use
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Efficient professional suite with exam rooms, reception, staff areas, and multiple restrooms for healthcare or office operations.
Where is this medical office space located?
The property is located at 5426 Holly Road Unit #4 Corpus Christi, TX.
What is the asking price?
The asking price for this property is $367,000.
What are key features of this property?
This property features: 1,708 SF medical office condo at 5426 Holly Road, Unit #4; Four treatment or exam rooms plus a private doctor's office with restroom; Reception area with spacious waiting room
