Freestanding Multi-Tenant Retail
5702 McArdle Rd Corpus Christi, TX 78412
For Sale
$500,000
Freestanding multi-tenant retail building on a small site with flexible space for retail, service, wellness, or professional use.
Property Size2,490 SF
Lot Size0.23 Acres
Price / SF$200.80
Days on Market36
Property Features for 5702 McArdle Rd
General Information
- Standard status
- Active
- Size
- 2,490 SF
- Lot size
- 0.23 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing Agency:
Cravey Real Estate Services Inc
(361) 815-2155
Listed By:
Lynann Pinkham · License #TX #319336
(361) 815-2155
Source:
Craveyrealestate
Added: Jun 18
Changed: Jul 23
Last Checked: Jul 23 at 9:35AM
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 freestanding multi-tenant retail building totals 2,490 SF and is situated on a 9,801 SF (0.23-acre) site. Constructed in 2006, the property offers a flexible layout intended to support retail, service, wellness, or professional uses. The building’s multi-tenant configuration is designed to accommodate more than one occupant within the same structure.
Located in Corpus Christi’s established Midtown/South Side commercial district, the property provides visibility and access along McArdle Road. The CN-1 zoning supports a variety of neighborhood commercial uses.
For owner-occupants and investors, the building’s configuration can be evaluated for tenant mix and ongoing lease optimization, while still offering a straightforward option for an operator seeking space with rental income potential.
Located in Corpus Christi’s established Midtown/South Side commercial district, the property provides visibility and access along McArdle Road. The CN-1 zoning supports a variety of neighborhood commercial uses.
For owner-occupants and investors, the building’s configuration can be evaluated for tenant mix and ongoing lease optimization, while still offering a straightforward option for an operator seeking space with rental income potential.
Key Highlights
- Freestanding multi‑tenant retail building built in 2006
- 2,490 SF building on a 9,801 SF (0.23‑acre) site
- Located in Corpus Christi’s established Midtown/South Side commercial district
Financial Insights For Retail
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 | $49.6k | $19.92 |
| − Vacancy | −$2.0k | −$0.80 |
| EGI | $47.6k | $19.12 |
| − OpEx | −$14.3k | −$5.74 |
| NOI | $33.3k | $13.39 |
2,490 SF · lease $19.92/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$476.2K
$416.7K – $555.5K
NOI $33,332 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$609.6K
$533.4K – $711.2K
NOI $42,669 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
GREEN PLANET
(Bike/Boat/Book/etc) Store
Chloe Nails & Spa
Nail Salon
FAQs
What type of property is this?
Retail space - Freestanding multi-tenant retail building on a small site with flexible space for retail, service, wellness, or professional use.
Where is this retail space located?
The property is located at 5702 McArdle Rd Corpus Christi, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Freestanding multi‑tenant retail building built in 2006; 2,490 SF building on a 9,801 SF (0.23‑acre) site; Located in Corpus Christi’s established Midtown/South Side commercial district
