Four-Suite Flex
For Sale
$700,000
5802-E Wooldridge, Corpus Christi, TX 78414
CommercialSale, Corpus Christi, TX
Property Size8,000 SF
Lot Size1.16 Acres
Price / SF$87.50
Days on Market333
Property Features for 5802-E Wooldridge
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Wooldridge Indust Park Con
Standard status
Active
APN
990400000070
Size
8,000 SF
Lot size
1.16 Acres
Taxes and HOA fees
Tax Description
WOOLDRIDGE INDUSTRIAL PARK CONDO TRACT 7 & 8.6% INTEREST IN LT 8 OUT OF WOOLDRIDGE INDUSTRIAL PARK LT 1R-A BLK 1
Legal Description
WOOLDRIDGE INDUSTRIAL PARK CONDO TRACT 7 & 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
2003
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: Aug 31 at 2:06PM
MLS# 465800
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 E is an 8,000-square-foot flex property configured with four suites, each currently rented. The building is suited to light industrial use and has metal siding, with construction completed in 2003.
The property occupies 1.16 acres in Corpus Christi’s Southside. Separate gated access serves Building E, while public water and public sewer support the site. The property is located at 5802-E Wooldridge in Corpus Christi, Texas.
The property occupies 1.16 acres in Corpus Christi’s Southside. Separate gated access serves Building E, while public water and public sewer support the site. The property is located at 5802-E Wooldridge in Corpus Christi, Texas.
Key Highlights
- 8,000‑square‑foot flex building with four suites
- All four suites are currently rented
- Suited for light industrial use
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
$63,835
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
9.12%
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%
$1,276,700
$1.3M
Cap Rate 7%
$911,929
$911.9K
Cap Rate 9%
$709,278
$709.3K
Market Conditions
NOI Build-Up for 8,000 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
$105.6K $13.20/SF
− Vacancy
−$7.4K −$0.92/SF
EGI
$98.2K $12.28/SF
− OpEx
−$34.4K −$4.30/SF
NOI
$63.8K $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%
$1,276,700
Cap Rate 7%
$911,929
Cap Rate 9%
$709,278
Alternative Uses
Best Use
Flex RnD
$911.9K
$797.9K – $1.06M
NOI $63,835 @ 7.0% cap · market cap 9.12%
Second Best
Warehouse
$830.6K
$726.8K – $969.0K
NOI $58,140 @ 7.0% cap · market cap 8.31%
Theoretical Best
Specialty Retail
$2.17M
$1.90M – $2.53M
NOI $152,064 @ 7.0% cap · market cap 21.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Under-served
Demand for This Use
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?
Flex space - Gated light-industrial space with separate access and public water and sewer service.
Where is this flex space located?
The property is located at 5802-E Wooldridge Corpus Christi, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 8,000‑square‑foot flex building with four suites; All four suites are currently rented; Suited for light industrial use
