Medical Office Space with Roll-Up
New
For Sale
$495,000
5626 Everhart Rd, Corpus Christi, TX 78411
Existing clinical layout with private rooms, office areas, customer parking, and flexible outdoor space.
Property Size2,603 SF
Days on Market3
Property Features for 5626 Everhart Rd
General Information
Standard status
Active
Size
2,603 SF
Property subtype
Freestanding Veterinary Clinic / Freestanding Retail
Additional Details
Road Access
Yes
Building Details
Building Size
2,603 SF
Year Built
1969
Listing Agency:
Cravey Real Estate Services Inc
Listed By:
David Heitzman · License #TX #806588
(312) 823-9626
Source:
Craveyrealestate
Added: Sep 12
Changed: Sep 13
Last Checked: Sep 13 at 5:24AM
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.
Built in 1969, this medical office property is currently configured as a veterinary clinic with a reception and waiting area, multiple private exam rooms, and offices. The layout also includes additional storage or work space and two roll-up doors, supporting convenient movement of equipment and materials.
The site combines paved parking with grassy open areas that can support storage, employee use, or other operational needs, subject to applicable zoning requirements and approvals. A wide driveway provides access from either direction of travel, while front parking serves customers and additional rear parking supports employees or overflow. The property is surrounded by established residential neighborhoods and a mix of retail, restaurant, service, and other commercial uses, with proximity to major South Side residential areas.
The site combines paved parking with grassy open areas that can support storage, employee use, or other operational needs, subject to applicable zoning requirements and approvals. A wide driveway provides access from either direction of travel, while front parking serves customers and additional rear parking supports employees or overflow. The property is surrounded by established residential neighborhoods and a mix of retail, restaurant, service, and other commercial uses, with proximity to major South Side residential areas.
Key Highlights
- Existing veterinary clinic configuration with reception, waiting area, exam rooms, and offices
- Two roll‑up doors provide access to additional storage or work space
- Paved parking and grassy open areas offer operational flexibility
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
$37,294
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
7.53%
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%
$745,880
$745.9K
Cap Rate 7%
$532,771
$532.8K
Cap Rate 9%
$414,378
$414.4K
Market Conditions
NOI Build-Up for 2,603 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
$58.4K $22.44/SF
− Vacancy
−$8.7K −$3.34/SF
EGI
$49.7K $19.10/SF
− OpEx
−$12.4K −$4.78/SF
NOI
$37.3K $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%
$745,880
Cap Rate 7%
$532,771
Cap Rate 9%
$414,378
Alternative Uses
Best Use
Office B
$532.8K
$466.2K – $621.6K
NOI $37,294 @ 7.0% cap · market cap 7.53%
Second Best
Retail
$449.8K
$393.6K – $524.8K
NOI $31,486 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$619.4K
$542.0K – $722.6K
NOI $43,356 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
929
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Belcher Animal Hospital — 5626 Everhart Rd, Corpus Christi, TX 78411
- Bow Wow Spaw — 5522 Everhart Rd d1, Corpus Christi, TX 78411
- Banfield Pet Hospital — 5214 Blanche Moore Dr, Corpus Christi, TX 78411
Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing clinical layout with private rooms, office areas, customer parking, and flexible outdoor space.
Where is this medical office space located?
The property is located at 5626 Everhart Rd Corpus Christi, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Existing veterinary clinic configuration with reception, waiting area, exam rooms, and offices; Two roll‑up doors provide access to additional storage or work space; Paved parking and grassy open areas offer operational flexibility
