Two-Suite Industrial
For Sale
$450,000
5802-D Wooldridge, Corpus Christi, TX 78414
CommercialSale, Corpus Christi, TX
Property Size5,000 SF
Lot Size1.16 Acres
Price / SF$90
Days on Market334
Property Features for 5802-D Wooldridge
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Wooldridge Indust Park Con
Directions
Off Wooldridge between Cimarron and Staples.
Standard status
Active
APN
990400000040
Size
5,000 SF
Lot size
1.16 Acres
Taxes and HOA fees
Tax Description
WOOLDRIDGE INDUSTRIAL PARK CONDO TRACT 4 & 8.6% INTEREST IN LT 8 OUT OF WOOLDRIDGE INDUSTRIAL PARK LT 1R-A BLK 1
Legal Description
WOOLDRIDGE INDUSTRIAL PARK CONDO TRACT 4 & 8.6% INTEREST IN LT 8 OUT OF WOOLDRIDGE INDUSTRIAL PARK LT 1R-A BLK 1
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1997
Floors in Building
1
Building materials
MetalSiding
Listing Agency:
Ultima Real Estate
(972) 980-9393
Listed By:
Gabriel Mora · License #0624791
(361) 945-5478
Added: Oct 3, 2025
Changed: Aug 27
Last Checked: Sep 1 at 12:06PM
MLS# 465798
Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Building D is a 5,000-square-foot industrial property containing two suites within a metal-sided structure constructed in 1997. Both suites are currently rented, and the configuration also supports occupancy by an owner-user. The property sits on 1.16 acres and is served by public water and public sewer.
Located at 5802-D Wooldridge in Corpus Christi, Texas, the asset offers a straightforward two-suite layout for industrial or flex-space use. Building E is separately available for sale, providing additional context for buyers evaluating the property alongside another building in the same offering.
Located at 5802-D Wooldridge in Corpus Christi, Texas, the asset offers a straightforward two-suite layout for industrial or flex-space use. Building E is separately available for sale, providing additional context for buyers evaluating the property alongside another building in the same offering.
Key Highlights
- 5,000 square feet of industrial space on 1.16 acres
- Two suites, both currently rented
- Metal siding and 1997 construction
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
$39,897
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
8.87%
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%
$797,940
$797.9K
Cap Rate 7%
$569,957
$570.0K
Cap Rate 9%
$443,300
$443.3K
Market Conditions
NOI Build-Up for 5,000 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
$66.0K $13.20/SF
− Vacancy
−$4.6K −$0.92/SF
EGI
$61.4K $12.28/SF
− OpEx
−$21.5K −$4.30/SF
NOI
$39.9K $7.98/SF
Area
ZIP 78414
Vacancy
7.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
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%
$797,940
Cap Rate 7%
$569,957
Cap Rate 9%
$443,300
Alternative Uses
Best Use
Flex RnD
$570.0K
$498.7K – $665.0K
NOI $39,897 @ 7.0% cap · market cap 8.87%
Second Best
Industrial
$456.0K
$399.0K – $532.0K
NOI $31,920 @ 7.0% cap · market cap 7.09%
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.58M
NOI $95,040 @ 7.0% cap · market cap 21.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,565
Businesses Nearby
Explore this area
Business Placement
Demographics for 78414, TX
46,972
Population
20,121
Households
2.3
Avg Household Size
35
Median Age
39%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
3,308
Density / Sq Mi
$96,788
Median Household Income
$56,626
Median Earnings
$1,549
Median Rent
$271,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - Metal-sided commercial building with public water and sewer service.
Where is this industrial property located?
The property is located at 5802-D Wooldridge Corpus Christi, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 5,000 square feet of industrial space on 1.16 acres; Two suites, both currently rented; Metal siding and 1997 construction
