Storefront Property with Multiple
For Sale
$950,000
7109 South Staples Street, Corpus Christi, TX 78413
Flexible retail and office layout with paved parking and prominent signage.
Property Size6,460 SF
Lot Size0.57 Acres
Price / SF$147.06
Days on Market111
Property Features for 7109 South Staples Street
General Information
Standard status
Active
Size
6,460 SF
Lot size
0.57 Acres
Property subtype
SCR, SCR-COMM, SCR-FREE
Zoning
CN-1
Building Details
Building Size
6,460 SF
Year Built
2000
Buildings
1
Stories
1
Listing Agency:
(361) 774-1685
Listed By:
Tom Verducci, CIPS, CRE, SRS
(361) 774-1685
Source:
Realnex
Added: May 13
Changed: Aug 30
Last Checked: Aug 30 at 12:51PM
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 Tom Verducci, CIPS, CRE, SRS
Investment Insights
Based on property information with market context.
Located at 7109 South Staples Street, this 6,460-square-foot commercial building occupies a 0.568-acre site in Corpus Christi. The property was built in 2000 and includes a flexible retail and office configuration with multiple storefront entrances, paved parking, and prominent signage. Its storefront format supports retail, medical, wellness, office, and service-oriented uses identified for the property.
The building sits along a well-traveled Southside commercial corridor near major intersections. The surrounding area includes dense residential neighborhoods, established retailers, restaurants, and daily-service businesses, placing the property within an established commercial setting. CN-1 zoning is in place.
The building sits along a well-traveled Southside commercial corridor near major intersections. The surrounding area includes dense residential neighborhoods, established retailers, restaurants, and daily-service businesses, placing the property within an established commercial setting. CN-1 zoning is in place.
Key Highlights
- 6,460‑square‑foot retail and office building
- 0.568‑acre commercial site
- CN‑1 zoning
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
$62,064
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
6.53%
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%
$1,241,280
$1.2M
Cap Rate 7%
$886,629
$886.6K
Cap Rate 9%
$689,600
$689.6K
Market Conditions
NOI Build-Up for 6,460 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
$96.9K $15.00/SF
− Vacancy
−$8.2K −$1.28/SF
EGI
$88.7K $13.73/SF
− OpEx
−$26.6K −$4.12/SF
NOI
$62.1K $9.61/SF
Area
ZIP 78413
Vacancy
8.50%
Lease Rate
$15.00 /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%
$1,241,280
Cap Rate 7%
$886,629
Cap Rate 9%
$689,600
Alternative Uses
Best Use
Office B
$1.46M
$1.27M – $1.70M
NOI $101,959 @ 7.0% cap · market cap 10.73%
Second Best
Retail
$886.6K
$775.8K – $1.03M
NOI $62,064 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,618 @ 7.0% cap · market cap 18.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78413, TX
37,531
Population
15,501
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,751
Density / Sq Mi
$71,624
Median Household Income
$44,342
Median Earnings
$1,321
Median Rent
$230,900
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?
Storefront property - Flexible retail and office layout with paved parking and prominent signage.
Where is this storefront property located?
The property is located at 7109 South Staples Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 6,460‑square‑foot retail and office building; 0.568‑acre commercial site; CN‑1 zoning
