Former Bank Building For
For Sale
$2,000,000
5875 Weber, Corpus Christi, TX 78413
Former bank building suitable for banking or professional office use.
Property Size6,700 SF
Price / SF$298.51
Days on Market866
Property Features for 5875 Weber
General Information
Standard status
Active
Size
6,700 SF
Property subtype
Commercial
Building Details
Year Built
1981
Listing Agency:
Cobb,Lundquist & Atnip,Inc.
Listed By:
Cliff Atnip · License #415947
(361) 510-4232
Source:
Phyllisbrowning
Added: Jun 17, 2024
Changed: Oct 28
Last Checked: Oct 28 at 8:31AM
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 Cobb,Lundquist & Atnip,Inc.
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Investment Insights
Based on property information with market context.
The property at 5875 Weber Rd is a former bank building. The main building is approximately 5,600 sq. ft., with an additional drive-thru area of approximately 1,100 sq. ft. Zoned CG-2 Commercial General 2, the property contains an original vault and safety deposit boxes, along with some existing furniture. It is ideal for re-establishing as a bank or repurposing for professional office use. Potential uses include a banking institution, leveraging the existing vault and safety deposit boxes, or professional office space suitable for legal, medical, or corporate offices. The drive-thru area offers a unique feature for businesses requiring customer service windows or drive-through convenience. The existing furniture and secure vault may offer cost savings and added security features for the next occupant.
Key Highlights
- Former Bank Building with Existing Vault and Safety Deposit Boxes, ideal for banking or secure storage.
- CG‑2 Commercial Zoning offers versatile options for various business types.
- Drive‑Thru provides convenience for businesses needing customer service windows.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,747
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,114,940
$2.1M
Cap Rate 7%
$1,510,671
$1.5M
Cap Rate 9%
$1,174,967
$1.2M
Market Conditions
NOI Build-Up for 6,700 SF
Gross rent
$165.6K $24.72/SF
− Vacancy
−$24.6K −$3.68/SF
EGI
$141.0K $21.04/SF
− OpEx
−$35.2K −$5.26/SF
NOI
$105.7K $15.78/SF
Area
ZIP 78413
Vacancy
14.87%
Lease Rate
$24.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,114,940
Cap Rate 7%
$1,510,671
Cap Rate 9%
$1,174,967
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,747 @ 7.0% cap · market cap 5.29%
Second Best
Specialty Retail
$1.04M
$906.4K – $1.21M
NOI $72,511 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$2.54M
$2.22M – $2.97M
NOI $177,994 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
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Business Placement
Demographics for 78413, TX
37,531
Population
15,501
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,751
Density / Sq Mi
$71,624
Median Household Income
$44,342
Median Earnings
$1,321
Median Rent
$230,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Bank - Former bank building suitable for banking or professional office use.
Where is this bank located?
The property is located at 5875 Weber Corpus Christi, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Former Bank Building with Existing Vault and Safety Deposit Boxes, ideal for banking or secure storage.; CG‑2 Commercial Zoning offers versatile options for various business types.; Drive‑Thru provides convenience for businesses needing customer service windows.
