Multi-Building Flex and
5502 Burnham Dr Corpus Christi, TX 78413
For Sale
Contact for pricing
Multi-building commercial property with office, service, and flex suitability, including anchor and salon tenants plus owner-occupied space.
Property Size12,100 SF
Lot Size0.95 Acres
Price / SF$156.20
Days on Market119
Property Features for 5502 Burnham Dr
General Information
- Standard status
- Active
- Size
- 12,100 SF
- Lot size
- 0.95 Acres
- Property subtype
- Mixed Use, Office
Building Details
- Year Built
- 2014
Listing Agency:
Corpus Christi Realty
(361) 658-6433
Listed By:
Brian Mandel · License #6536156
Source:
Crexi
Added: Mar 27
Changed: Jul 23
Last Checked: Jul 23 at 2:03PM
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 Corpus Christi Realty
Investment Insights
Based on property information with market context.
This multi-building commercial property totals 12,100 SF on 0.95 acres and was built in phases between 1997 and 2004. The offering includes an established anchor tenant, The Pooch Pad, occupying approximately 6,000 SF, and an additional 1,500 SF salon tenant. About 4,600 SF is currently owner-occupied, providing flexibility for a buyer to either continue occupancy or lease the space for additional income.
The layout is described as suitable for office, service, and flex uses, and the property includes ample parking to support day-to-day operations.
Overall, the mix of tenant occupancy and owner-occupied space within a modern, multi-building configuration creates a practical platform for buyers seeking a combination of existing occupancy and space that can be leased.
The layout is described as suitable for office, service, and flex uses, and the property includes ample parking to support day-to-day operations.
Overall, the mix of tenant occupancy and owner-occupied space within a modern, multi-building configuration creates a practical platform for buyers seeking a combination of existing occupancy and space that can be leased.
Key Highlights
- 12,100 SF multi‑building commercial property on 0.95 acres
- Anchor tenant The Pooch Pad occupies approximately 6,000 SF
- Additional tenant: 1,500 SF salon tenant
Financial Insights For Flex RnD
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 | $145.2k | $12.00 |
| − Vacancy | −$11.6k | −$0.96 |
| EGI | $133.6k | $11.04 |
| − OpEx | −$46.8k | −$3.86 |
| NOI | $86.8k | $7.18 |
12,100 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$2.73M
$2.39M – $3.18M
NOI $190,976 @ 7.0% cap · market cap 10.10%
Second Best
Flex RnD
$1.24M
$1.09M – $1.45M
NOI $86,830 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$4.59M
$4.02M – $5.36M
NOI $321,452 @ 7.0% cap · market cap 17.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Supply Line USA
(Bike/Boat/Book/etc) Store
M Salon LLC
Hair Salon
ADORÉ STUDIO
Hair Salon
Pooch Pad
Kennel & Boarding Facility
Asset Protection & Security ...
Security Service
Similar Off Market Nearby
- JT Late Night Grub — 5914 Flagstaff Dr, Corpus Christi, TX 78414
- Firehouse Subs Saratoga Town Center — 6418 S Staples St Ste 140, Corpus Christi, TX 78413
FAQs
What type of property is this?
Flex space - Multi-building commercial property with office, service, and flex suitability, including anchor and salon tenants plus owner-occupied space.
Where is this flex space located?
The property is located at 5502 Burnham Dr Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: 12,100 SF multi‑building commercial property on 0.95 acres; Anchor tenant The Pooch Pad occupies approximately 6,000 SF; Additional tenant: 1,500 SF salon tenant
