Two-Unit Medical Office
For Sale
Contact for pricing
6214 SARATOGA BLVD, Corpus Christi, TX 78414
One completed clinic suite operates alongside a second half of unfinished shell space.
Property Size7,584 SF
Price / SF$293.38
Days on Market16
Property Features for 6214 SARATOGA BLVD
General Information
Standard status
Active
Size
7,584 SF
Class
A
Total Parking Spaces
40
Property subtype
Office
Additional Details
Office Units
2
Building Details
Year Built
2023
Buildings
1
Units
2
Owner Occupied
Yes
Listing Agency:
Carlisle Realty-Corpus Christi
(361) 980-6016
Listed By:
Robert Cooper · License #784009
Source:
Crexi
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 31 at 1:47PM
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 Carlisle Realty-Corpus Christi
Investment Insights
Based on property information with market context.
Completed in 2023, this 7,584-square-foot medical office property is divided into two units. One side is fully built out and operating as a pediatric clinic, while the other provides approximately 3,800 square feet of shell space for a buyer’s buildout. The owner, a pediatrician occupying the finished unit, is willing to lease back that space and may also reduce the occupied area if additional room is needed for an operation.
The property is located at 6214 Saratoga Boulevard in Corpus Christi, within an area characterized by medical, retail, and residential uses. Its two-unit configuration offers an operating clinic component together with unfinished space for customization.
The property is located at 6214 Saratoga Boulevard in Corpus Christi, within an area characterized by medical, retail, and residential uses. Its two-unit configuration offers an operating clinic component together with unfinished space for customization.
Key Highlights
- 7,584‑square‑foot medical office property completed in 2023
- Two‑unit configuration with one finished clinic and one shell‑space unit
- Approximately 3,800 square feet of shell space remains available for buildout
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
$108,659
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
4.88%
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%
$2,173,180
$2.2M
Cap Rate 7%
$1,552,271
$1.6M
Cap Rate 9%
$1,207,322
$1.2M
Market Conditions
NOI Build-Up for 7,584 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
$170.2K $22.44/SF
− Vacancy
−$25.3K −$3.34/SF
EGI
$144.9K $19.10/SF
− OpEx
−$36.2K −$4.78/SF
NOI
$108.7K $14.33/SF
Area
ZIP 78414
Vacancy
14.87%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
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%
$2,173,180
Cap Rate 7%
$1,552,271
Cap Rate 9%
$1,207,322
Alternative Uses
Best Use
Office B
$1.55M
$1.36M – $1.81M
NOI $108,659 @ 7.0% cap · market cap 4.88%
Second Best
Healthcare Medical
$1.29M
$1.13M – $1.51M
NOI $90,426 @ 7.0% cap · market cap 4.06%
Theoretical Best
Specialty Retail
$2.06M
$1.80M – $2.40M
NOI $144,157 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Under-served
Demand for This Use
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - One completed clinic suite operates alongside a second half of unfinished shell space.
Where is this medical office space located?
The property is located at 6214 SARATOGA BLVD Corpus Christi, TX.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: 7,584‑square‑foot medical office property completed in 2023; Two‑unit configuration with one finished clinic and one shell‑space unit; Approximately 3,800 square feet of shell space remains available for buildout
