Corner-Lot
For Sale
$445,000
Pending
6118 Wilderock Drive, Corpus Christi, TX 78414
Residential, Corpus Christi, TX
Property Size4,385 SF
Lot Size0.26 Acres
Days on Market109
Property Features for 6118 Wilderock Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
Off Street
Patio and Porch features
Patio
Interior features
WindowTreatments
Exterior features
Patio
Fireplace
1
Appliances
Dishwasher, ElectricOven, ElectricRange, FreeStandingRange, Refrigerator
Subdivision
Wooldridge Creek #7
Lot features
Interior Lot, Landscaped
Elementary school
Moore
Middle school
Adkins
High school
King
Elementary school district
Corpus Christi ISD
Middle school district
Corpus Christi ISD
High school district
Corpus Christi ISD
Standard status
Pending
APN
990100030050
Size
4,385 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Description
WOOLDRIDGE CREEK #7 BLK 3 LOT 5
Tax Annual Amount
7037
Legal Description
WOOLDRIDGE CREEK #7 BLK 3 LOT 5
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1982
Floors in Building
1
Number of units
4
Flooring type
Tile
Roof type
Shingle
Listing Agency:
Weichert REALTORS - The Place
(361) 882-5588
Listed By:
Jean Marie Giegerich · License #0272404
(361) 960-1438
Added: May 15
Changed: Aug 27
Last Checked: Aug 31 at 3:06PM
MLS# 476291
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.
This 1982 quadplex contains 4 residential units within 4,385 square feet on a 0.26-acre corner lot. The configuration includes three 2-bedroom, 1.5-bath units and one 1-bedroom, 1.5-bath unit with a loft. The standalone building has a brick exterior, tile flooring, patios, central heating and cooling, and off-street parking. Additional features include fireplaces, dishwashers, electric ranges, refrigerators, public water, public sewer, and a shingle roof.
Located at 6118 Wilderock Drive in Corpus Christi’s Southside, the property is part of a complex and has 3 of 4 units rented long-term. The annual HOA covers exterior building maintenance, common-area upkeep, exterior building insurance, and exterior windstorm insurance.
Located at 6118 Wilderock Drive in Corpus Christi’s Southside, the property is part of a complex and has 3 of 4 units rented long-term. The annual HOA covers exterior building maintenance, common-area upkeep, exterior building insurance, and exterior windstorm insurance.
Key Highlights
- 4‑unit quadplex with 4,385 square feet of living space
- Unit mix: three 2‑bedroom, 1.5‑bath units and one 1‑bedroom, 1.5‑bath loft unit
- 0.26‑acre corner lot with a standalone building in the complex
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
$26,588
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
5.97%
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%
$531,760
$531.8K
Cap Rate 7%
$379,829
$379.8K
Cap Rate 9%
$295,422
$295.4K
Market Conditions
NOI Build-Up for 4,385 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
$43.1K $9.84/SF
− Vacancy
−$5.2K −$1.18/SF
EGI
$38.0K $8.66/SF
− OpEx
−$11.4K −$2.60/SF
NOI
$26.6K $6.06/SF
Area
ZIP 78414
Vacancy
11.97%
Lease Rate
$9.84 /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%
$531,760
Cap Rate 7%
$379,829
Cap Rate 9%
$295,422
Alternative Uses
Best Use
Multifamily LT 5
$379.8K
$332.4K – $443.1K
NOI $26,588 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$336.1K
$294.1K – $392.1K
NOI $23,524 @ 7.0% cap · market cap 5.29%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,350 @ 7.0% cap · market cap 18.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - The unit mix includes three two-bedroom residences and one lofted one-bedroom residence, each with 1.5 baths.
Where is this quadplex located?
The property is located at 6118 Wilderock Drive Corpus Christi, TX.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 4‑unit quadplex with 4,385 square feet of living space; Unit mix: three 2‑bedroom, 1.5‑bath units and one 1‑bedroom, 1.5‑bath loft unit; 0.26‑acre corner lot with a standalone building in the complex
