Auto Service and Storage
For Sale
$850,000
5918 S Staples St, Corpus Christi, TX 78413
Metal building with office and large storage yard currently used for boat repair and storage.
Property Size6,603 SF
Lot Size0.97 Acres
Days on Market193
Property Features for 5918 S Staples St
General Information
Standard status
Active
Size
6,603 SF
Lot size
0.97 Acres
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Building Details
Building Size
6,603 SF
Year Built
1989
Construction
metal building
Listing Agency:
Coldwell Banker Pacesetter Steel
Listed By:
Doug Nichols · License #0747730
(361) 739-2251
Source:
National-onerealty
Added: Feb 24
Changed: Aug 23
Last Checked: Sep 5 at 8:45AM
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 Coldwell Banker Pacesetter Steel
Investment Insights
Based on property information with market context.
This property is currently operated as a boat repair and storage facility and includes a metal building with office space, a residential home, and a large storage yard. The yard provides an outdoor area suitable for equipment storage, parking, or laydown space, and may support continued operations or redevelopment.
The site is positioned on a major Corpus Christi thoroughfare and is located on S Staples Street between Holly and Wooldridge. It is approximately one mile from South Padre Island Drive (SPID / TX-358), supporting practical access and visibility for a range of commercial uses.
With a combination of indoor space for work and office functions plus extensive outdoor storage, the property offers a flexible platform for businesses needing yard area or for investors evaluating redevelopment on a nearly one-acre site.
The site is positioned on a major Corpus Christi thoroughfare and is located on S Staples Street between Holly and Wooldridge. It is approximately one mile from South Padre Island Drive (SPID / TX-358), supporting practical access and visibility for a range of commercial uses.
With a combination of indoor space for work and office functions plus extensive outdoor storage, the property offers a flexible platform for businesses needing yard area or for investors evaluating redevelopment on a nearly one-acre site.
Key Highlights
- .97‑acre property on Staples Street between Holly and Wooldridge along a high‑traffic corridor
- Currently operating as a boat repair and storage facility
- Metal building includes office space
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
$63,438
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
7.46%
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%
$1,268,760
$1.3M
Cap Rate 7%
$906,257
$906.3K
Cap Rate 9%
$704,867
$704.9K
Market Conditions
NOI Build-Up for 6,603 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
$99.0K $15.00/SF
− Vacancy
−$8.4K −$1.28/SF
EGI
$90.6K $13.73/SF
− OpEx
−$27.2K −$4.12/SF
NOI
$63.4K $9.61/SF
Area
ZIP 78413
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,268,760
Cap Rate 7%
$906,257
Cap Rate 9%
$704,867
Alternative Uses
Best Use
Retail
$906.3K
$793.0K – $1.06M
NOI $63,438 @ 7.0% cap · market cap 7.46%
Second Best
Warehouse
$681.9K
$596.7K – $795.6K
NOI $47,735 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$2.51M
$2.19M – $2.92M
NOI $175,417 @ 7.0% cap · market cap 20.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,481
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Metal building with office and large storage yard currently used for boat repair and storage.
Where is this auto shop located?
The property is located at 5918 S Staples St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: .97‑acre property on Staples Street between Holly and Wooldridge along a high‑traffic corridor; Currently operating as a boat repair and storage facility; Metal building includes office space
