Auto Body Shop Property with Paint
For Sale
$495,000
610 N Port Ave, Corpus Christi, TX 78408
Automotive-focused property with office space, heated steel work buildings, and a heated paint booth with down-draft air suction.
Property Size5,663 SF
Price / SF$87.41
Days on Market122
Property Features for 610 N Port Ave
General Information
Standard status
Active
Size
5,663 SF
Additional Details
Office Units
3
Listing Agency:
RE/MAX Professionals
(361) 765-0059
Listed By:
Connie Esparza · License #0476315
(361) 765-0059
Source:
Exprealty
Added: Apr 9
Changed: Aug 8
Last Checked: Aug 8 at 8:53AM
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 RE/MAX Professionals
Investment Insights
Based on property information with market context.
This for-sale auto body shop property includes a portable building with three private offices and two restrooms, suited for day-to-day administration and meeting space. The site also features two large steel work buildings with durable tin roofs, each equipped with heaters and a dedicated restroom for onsite work and convenience.
A key improvement is a large paint booth with heating and down-draft air suction, designed to support automotive or specialty painting and finishing operations. For added storage and workflow flexibility, the property includes two small storage buildings for equipment and materials. The expansive lot is laid out for efficient movement, with a wraparound driveway and drive-through access that supports easy maneuvering of trucks, cars, and trailers.
For an owner-operator, this configuration can help consolidate core functions—work bays, painting, and administrative space—on one site. For investors or buyers evaluating trade-related tenants, the combination of heated work buildings, restrooms, and purpose-built painting infrastructure provides a practical platform for automotive and other finishing-focused uses.
A key improvement is a large paint booth with heating and down-draft air suction, designed to support automotive or specialty painting and finishing operations. For added storage and workflow flexibility, the property includes two small storage buildings for equipment and materials. The expansive lot is laid out for efficient movement, with a wraparound driveway and drive-through access that supports easy maneuvering of trucks, cars, and trailers.
For an owner-operator, this configuration can help consolidate core functions—work bays, painting, and administrative space—on one site. For investors or buyers evaluating trade-related tenants, the combination of heated work buildings, restrooms, and purpose-built painting infrastructure provides a practical platform for automotive and other finishing-focused uses.
Key Highlights
- Automotive‑focused commercial property with an office setup plus multiple heated shop buildings
- Portable building includes three private offices and two restrooms
- Two large steel work buildings with durable tin roofs, each with heaters and a dedicated restroom
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
$29,640
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
5.99%
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%
$592,800
$592.8K
Cap Rate 7%
$423,429
$423.4K
Cap Rate 9%
$329,333
$329.3K
Market Conditions
NOI Build-Up for 5,663 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
$45.5K $8.04/SF
− Vacancy
−$3.2K −$0.56/SF
EGI
$42.3K $7.48/SF
− OpEx
−$12.7K −$2.24/SF
NOI
$29.6K $5.23/SF
Area
Corpus Christi, TX
Vacancy
7.00%
Lease Rate
$8.04 /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%
$592,800
Cap Rate 7%
$423,429
Cap Rate 9%
$329,333
Alternative Uses
Best Use
Retail
$978.6K
$856.3K – $1.14M
NOI $68,500 @ 7.0% cap · market cap 13.84%
Second Best
Industrial
$423.4K
$370.5K – $494.0K
NOI $29,640 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,323 @ 7.0% cap · market cap 19.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78408, TX
11,023
Population
4,543
Households
2.4
Avg Household Size
37
Median Age
8%
College-Educated
69%
High-School Grad
5.9 sq mi
ZIP Area
1,868
Density / Sq Mi
$43,096
Median Household Income
$30,621
Median Earnings
$979
Median Rent
$82,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Universal Auto Service — 102 Mohawk St, Corpus Christi, TX 78405
- Joes Paint & Body Shop — 518 Eleanor St, Corpus Christi, TX 78405
- Cano Arturo — 102 Mohawk St, Corpus Christi, TX 78405
- Danny's Body Shop — 502 S Port Ave, Corpus Christi, TX 78405
- Avalos Automotive — 121 Osage St, Corpus Christi, TX 78405
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive-focused property with office space, heated steel work buildings, and a heated paint booth with down-draft air suction.
Where is this auto shop located?
The property is located at 610 N Port Ave Corpus Christi, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Automotive‑focused commercial property with an office setup plus multiple heated shop buildings; Portable building includes three private offices and two restrooms; Two large steel work buildings with durable tin roofs, each with heaters and a dedicated restroom
