Occupied Retail Space in Small
For Sale
$550,000
5620-5622 Weber, Corpus Christi, TX 78411
Two retail suites offer established occupancy, substantial parking, and existing exterior signage.
Property Size3,900 SF
Price / SF$141.03
Days on Market240
Property Features for 5620-5622 Weber
General Information
Standard status
Active
Size
3,900 SF
Property subtype
Retail
Building Details
Building Size
3,900 SF
Year Built
1965
Tenancy
Multi
Listing Agency:
Tompkins Young Real Estate
(361) 633-9441
Listed By:
Diana Caldarella · License #0501952
(361) 633-9441
Source:
National-onerealty
Added: Jan 1
Changed: Aug 27
Last Checked: Aug 26 at 1:13PM
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 Tompkins Young Real Estate
Investment Insights
Based on property information with market context.
This retail property contains two separately identified spaces totaling approximately 3,900 square feet. The 5620 suite measures approximately 1,500 square feet, while 5622 provides approximately 2,400 square feet. The building dates to 1965 and includes existing signage and a large parking area.
Located on Weber Road in Corpus Christi, the property forms part of a small retail center. Both spaces are occupied by established tenants with a long-term rental history, providing an operating commercial asset with existing tenancy in place.
Located on Weber Road in Corpus Christi, the property forms part of a small retail center. Both spaces are occupied by established tenants with a long-term rental history, providing an operating commercial asset with existing tenancy in place.
Key Highlights
- Approximately 3,900 square feet across two retail spaces
- 5620 Weber Road contains approximately 1,500 square feet
- 5622 Weber Road contains approximately 2,400 square feet
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
$47,174
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
8.58%
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%
$943,480
$943.5K
Cap Rate 7%
$673,914
$673.9K
Cap Rate 9%
$524,156
$524.2K
Market Conditions
NOI Build-Up for 3,900 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
$70.2K $18.00/SF
− Vacancy
−$2.8K −$0.72/SF
EGI
$67.4K $17.28/SF
− OpEx
−$20.2K −$5.18/SF
NOI
$47.2K $12.10/SF
Area
Corpus Christi, TX
Vacancy
4.00%
Lease Rate
$18.00 /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%
$943,480
Cap Rate 7%
$673,914
Cap Rate 9%
$524,156
Alternative Uses
Best Use
Retail
$673.9K
$589.7K – $786.2K
NOI $47,174 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$928.0K
$812.0K – $1.08M
NOI $64,958 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
733
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two retail suites offer established occupancy, substantial parking, and existing exterior signage.
Where is this retail space located?
The property is located at 5620-5622 Weber Corpus Christi, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approximately 3,900 square feet across two retail spaces; 5620 Weber Road contains approximately 1,500 square feet; 5622 Weber Road contains approximately 2,400 square feet
