Dual-Zoned Flex
For Sale
Contact for pricing
630 CLARIDE ST, Corpus Christi, TX 78418
Renovated workshop-style space with separate residential and commercial parcel designations.
Property Size1,500 SF
Lot Size0.57 Acres
Price / SF$280
Days on Market8
Property Features for 630 CLARIDE ST
General Information
Standard status
Active
Size
1,500 SF
Class
C
Lot size
0.57 Acres
Property subtype
Office, Industrial, Land
Zoning
Residentail & Commercial
Building Details
Year Built
2012
Year Renovated
2022
Buildings
1
Units
1
Listing Agency:
RESOLUT RE San Antonio
(210) 374-6111
Listed By:
Ray Kang · License #TX 693716
Source:
Crexi
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 9 at 3:25PM
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 RESOLUT RE San Antonio
Investment Insights
Based on property information with market context.
This 1,500 SF flex property at 630 and 634 Claride St includes a building completed in 2012 and two adjoining parcels totaling 0.57 acres. The site combines a 0.19-acre residential parcel designated RL with a 0.38-acre commercial parcel designated CL. The building was renovated for use as a personal workshop, creating a practical setting for continued workshop use or business operations.
A licensed Texas engineer evaluated the improvements for compliance with the 2006 IBC wind-load provisions. A Certificate of Compliance, WPI-2E, has also been filed with the Texas Department of Insurance. The property is located in Corpus Christi, Texas.
A licensed Texas engineer evaluated the improvements for compliance with the 2006 IBC wind-load provisions. A Certificate of Compliance, WPI-2E, has also been filed with the Texas Department of Insurance. The property is located in Corpus Christi, Texas.
Key Highlights
- 1,500 SF flex building completed in 2012
- Two contiguous parcels totaling 0.57 acres
- 0.19‑acre residential parcel designated RL
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
$14,145
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
3.37%
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%
$282,900
$282.9K
Cap Rate 7%
$202,071
$202.1K
Cap Rate 9%
$157,167
$157.2K
Market Conditions
NOI Build-Up for 1,500 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
$23.4K $15.60/SF
− Vacancy
−$1.6K −$1.09/SF
EGI
$21.8K $14.51/SF
− OpEx
−$7.6K −$5.08/SF
NOI
$14.1K $9.43/SF
Area
ZIP 78418
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$282,900
Cap Rate 7%
$202,071
Cap Rate 9%
$157,167
Alternative Uses
Best Use
Flex RnD
$202.1K
$176.8K – $235.8K
NOI $14,145 @ 7.0% cap · market cap 3.37%
Second Best
Warehouse
$174.3K
$152.5K – $203.3K
NOI $12,199 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$573.4K
$501.7K – $669.0K
NOI $40,139 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78418, TX
31,787
Population
16,171
Households
2
Avg Household Size
42
Median Age
33%
College-Educated
91%
High-School Grad
73.3 sq mi
ZIP Area
434
Density / Sq Mi
$91,443
Median Household Income
$51,914
Median Earnings
$1,301
Median Rent
$274,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Cclc/corpus Christi Liquor Catering — 1034 McIver St #102, Corpus Christi, TX 78418
Frequently Asked Questions
What type of property is this?
Flex space - Renovated workshop-style space with separate residential and commercial parcel designations.
Where is this flex space located?
The property is located at 630 CLARIDE ST Corpus Christi, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 1,500 SF flex building completed in 2012; Two contiguous parcels totaling 0.57 acres; 0.19‑acre residential parcel designated RL
