Multi-Suite Office
For Sale
$950,000
5705 Gollihar, Corpus Christi, TX 78412
The two sections can operate independently or be joined for a larger office layout.
Property Size3,971 SF
Price / SF$239.23
Days on Market10
Property Features for 5705 Gollihar
General Information
Standard status
Active
Size
3,971 SF
Additional Details
Road Access
Yes
Building Details
Year Built
1979
Listing Agency:
SPowell.com Real Estate
Listed By:
Jonathan Gonzalez · License #0696188
(361) 443-2939
Source:
Thebranchinc
Added: Sep 28
Last Checked: Oct 7 at 3:35PM
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 SPowell.com Real Estate
Investment Insights
Based on property information with market context.
This 3,971-square-foot office building, constructed in 1979, is arranged as two separate sections, each with 7+ offices. The sections can remain distinct or be connected to form a larger workspace. One section has a long-standing tenant in place, while the other offers separate occupancy potential. A roof replacement and on-site parking are additional property features.
The property fronts Gollihar Road in Corpus Christi, about one block from Airline Road. Its configuration supports independent use of the two sections or a unified office environment.
The property fronts Gollihar Road in Corpus Christi, about one block from Airline Road. Its configuration supports independent use of the two sections or a unified office environment.
Key Highlights
- 3,971 square feet; built in 1979
- Two sections with 7+ offices on each side
- One section has a long‑standing tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,820
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$996,400
$996.4K
Cap Rate 7%
$711,714
$711.7K
Cap Rate 9%
$553,556
$553.6K
Market Conditions
NOI Build-Up for 3,971 SF
Gross rent
$81.0K $20.40/SF
− Vacancy
−$14.6K −$3.67/SF
EGI
$66.4K $16.73/SF
− OpEx
−$16.6K −$4.18/SF
NOI
$49.8K $12.55/SF
Area
ZIP 78412
Vacancy
18.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$996,400
Cap Rate 7%
$711,714
Cap Rate 9%
$553,556
Alternative Uses
Best Use
Office B
$711.7K
$622.8K – $830.3K
NOI $49,820 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$972.1K
$850.6K – $1.13M
NOI $68,047 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Explore this area
Business Placement
Demographics for 78412, TX
38,783
Population
16,874
Households
2.3
Avg Household Size
33
Median Age
31%
College-Educated
91%
High-School Grad
8.6 sq mi
ZIP Area
4,510
Density / Sq Mi
$60,509
Median Household Income
$32,154
Median Earnings
$1,242
Median Rent
$188,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - The two sections can operate independently or be joined for a larger office layout.
Where is this office building located?
The property is located at 5705 Gollihar Corpus Christi, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 3,971 square feet; built in 1979; Two sections with 7+ offices on each side; One section has a long‑standing tenant
