Remodeled Two-Story Light Industrial
601-605 Omaha Drive Corpus Christi, TX 78408
601-605 Omaha Drive, Corpus Christi, TX, 78408
Contact for pricing
For Sale
Contact for pricing
Remodeled two-story office building with light-industrial zoning and ample parking for tenant and client use.
Property Size6,225 SF
Price / SF$96.31
Days on Market17
Property Features for 601-605 Omaha Drive
General Information
- Standard status
- Active
- Size
- 6,225 SF
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 1973
Listing Agency
Cravey Real Estate Services Inc
(361) 289-5168
Listed by
David Heitzman · License #TX 806588
Source
Crexi
Added: Jul 1 Checked: Jul 16 at 10:22 am
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 Cravey Real Estate Services Inc
Investment Insights
Based on property information with market context.
This remodeled +/- 6,225 SF two-story office building is designed to support a flexible work environment. The space includes a substantial 10' eave height and a 28' ridge height, along with a 560 SF canopy that can help protect vehicles, materials, or exterior activity. The property also has approximately 108' of frontage along the west line of Omaha Drive. On-site improvements include a 6,252 SF parking lot, and the building sits on an 18,500 SF lot with dimensions noted in the listing.
Utilities are described as available through the City of Corpus Christi, with water, gas, and wastewater services supported for operational needs. The site is noted as not being located in Flood Zone C, and the listing states there are no known detrimental easements or encroachments impacting usability. The surrounding area is characterized by distribution offices, warehouses, and light fabrication facilities, consistent with a service-oriented industrial environment.
Zoned I-2, Light Industrial, the property offers a practical fit for businesses that need office support alongside light industrial capabilities. The combination of two-story office layout, ceiling heights, exterior canopy area, and on-site parking can be useful for tenant operations that require both administrative space and functional work areas.
Utilities are described as available through the City of Corpus Christi, with water, gas, and wastewater services supported for operational needs. The site is noted as not being located in Flood Zone C, and the listing states there are no known detrimental easements or encroachments impacting usability. The surrounding area is characterized by distribution offices, warehouses, and light fabrication facilities, consistent with a service-oriented industrial environment.
Zoned I-2, Light Industrial, the property offers a practical fit for businesses that need office support alongside light industrial capabilities. The combination of two-story office layout, ceiling heights, exterior canopy area, and on-site parking can be useful for tenant operations that require both administrative space and functional work areas.
Key Highlights
- Remodeled 2‑story office building with approx. 6,225 SF and 10' eave height plus 28' ridge height
- Zoned I‑2 (Light Industrial) with approx. 108' frontage along Omaha Drive
- Lot size of 18,500 SF (108.4' x 190' x 76' x 200') with a 560 SF canopy
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.3k | $8.40 |
| − Vacancy | −$3.7k | −$0.59 |
| EGI | $48.6k | $7.81 |
| − OpEx | −$7.3k | −$1.17 |
| NOI | $41.3k | $6.64 |
6,225 SF · lease $8.40/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.49M
NOI $89,188 @ 7.0% cap · market cap 14.88%
Second Best
Flex RnD
$936.4K
$819.4K – $1.09M
NOI $65,549 @ 7.0% cap · market cap 10.93%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,684 @ 7.0% cap · market cap 17.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Remodeled two-story office building with light-industrial zoning and ample parking for tenant and client use.
Where is this flex space located?
The property is located at 601-605 Omaha Drive Corpus Christi, TX.
What is the asking price?
The asking price for this property is $599,500.
What are key features of this property?
This property features: Remodeled 2‑story office building with approx. 6,225 SF and 10' eave height plus 28' ridge height; Zoned I‑2 (Light Industrial) with approx. 108' frontage along Omaha Drive; Lot size of 18,500 SF (108.4' x 190' x 76' x 200') with a 560 SF canopy
