Restaurant, Bar, and Auto
For Sale
Contact for pricing
549 Navigation Blvd, Corpus Christi, TX
Operating restaurant, bar, and auto shop on busy corner.
Property Size8,294 SF
Lot Size0.22 Acres
Price / SF$241.14
Days on Market1398
Property Features for 549 Navigation Blvd
General Information
Standard status
Active
Size
8,294 SF
Lot size
0.22 Acres
Property subtype
OFFICE
Listing Agency:
Cravey Real Estate Services, Inc.
(361) 289-5168
Listed By:
Matthew Cravey · License #0409080
(361) 877-2463
Source:
Moodyscre
Added: Nov 9, 2022
Changed: Sep 5
Last Checked: Sep 7 at 10:01AM
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.
The property includes two buildings totaling 8,294 square feet and two vacant lots. A fully furnished restaurant and bar are currently operating. The restaurant is located downstairs at 5101 Leopard, and the bar is upstairs at the same address. Additionally, 549 Navigation is operating as Doug's Automotive, with a monthly rent of $2,300 (NNN). The property is situated on a lighted corner at a busy intersection, with frontage on Leopard Street, Navigation Boulevard, and High Starr Drive.
Key Highlights
- Fully furnished and operating restaurant and bar included.
- Existing tenant (Doug's Automotive) provides immediate rental income of $2,300/month NNN.
- Property includes two buildings totaling 8,294 sq ft.
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
$107,490
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
5.37%
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%
$2,149,800
$2.1M
Cap Rate 7%
$1,535,571
$1.5M
Cap Rate 9%
$1,194,333
$1.2M
Market Conditions
NOI Build-Up for 8,294 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
$149.3K $18.00/SF
− Vacancy
−$6.0K −$0.72/SF
EGI
$143.3K $17.28/SF
− OpEx
−$35.8K −$4.32/SF
NOI
$107.5K $12.96/SF
Area
Corpus Christi, TX
Vacancy
4.00%
Lease Rate
$18.00 /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%
$2,149,800
Cap Rate 7%
$1,535,571
Cap Rate 9%
$1,194,333
Alternative Uses
Best Use
Specialty Retail
$1.54M
$1.34M – $1.79M
NOI $107,490 @ 7.0% cap · market cap 5.37%
Second Best
Retail
$1.43M
$1.25M – $1.67M
NOI $100,324 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,145 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- G Spot — 609 mc bride ln, corpus christi, tx 78408
- The Cabaret Gentlemen's Club — 5401 Leopard St, Corpus Christi, TX 78408
- Lou's Bar-B-Que Etc — 5101 Leopard St, Corpus Christi, TX 78408
- party place — 4842 Leopard St, Corpus Christi, TX 78408
- Circle K — 5202 Ih 37 Access, Corpus Christi, TX 78407
Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating restaurant, bar, and auto shop on busy corner.
Where is this bar & pub located?
The property is located at 549 Navigation Blvd Corpus Christi, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Fully furnished and operating restaurant and bar included.; Existing tenant (Doug's Automotive) provides immediate rental income of $2,300/month NNN.; Property includes two buildings totaling 8,294 sq ft.
