Multifamily Property in Growing
For Sale
$850,000
7252 Mansions Drive, Corpus Christi, TX 78414
8,438 SF building with five units in prime location.
Property Size8,438 SF
Price / SF$100.73
Days on Market196
Property Features for 7252 Mansions Drive
General Information
Standard status
Active
Size
8,438 SF
Property subtype
Multifamily
Building Details
Building Size
8,438 SF
Year Built
2007
Listing Agency:
Cravey Real Estate Services, Inc.
Listed By:
David Heitzman · License #TX #806588
(312) 823-9626
Source:
Craveyrealestate
Added: Mar 26
Changed: Oct 4
Last Checked: Oct 7 at 9:04AM
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 Cravey Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
Located off Rodd Field Road, the property at 7252 Mansions Drive features an 8,438 square foot building constructed in 2007. It contains five units, each with two bedrooms and two bathrooms. Each unit has a 1200 square foot layout, with 880 square feet on the main floor and an additional 320 square feet on the second level. Four of the five units are currently occupied. The property is zoned RT and is located in one of Corpus Christi's fastest-growing areas. It is suitable for multifamily or single-family rental investors. The HOA handles exterior maintenance, water, trash, and common grounds upkeep.
Key Highlights
- Prime location off Rodd Field Road in a rapidly growing Corpus Christi area with RT zoning.
- Substantial 8,438 SF building featuring five well‑maintained, contemporary 2‑bedroom, 2‑bathroom units.
- Ideal for Multifamily / Single Family Rental investors seeking portfolio expansion.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,267
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,340
$905.3K
Cap Rate 7%
$646,671
$646.7K
Cap Rate 9%
$502,967
$503.0K
Market Conditions
NOI Build-Up for 8,438 SF
Gross rent
$94.2K $11.16/SF
− Vacancy
−$11.9K −$1.41/SF
EGI
$82.3K $9.75/SF
− OpEx
−$37.0K −$4.39/SF
NOI
$45.3K $5.36/SF
Area
ZIP 78414
Vacancy
12.60%
Lease Rate
$11.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,340
Cap Rate 7%
$646,671
Cap Rate 9%
$502,967
Alternative Uses
Best Use
Apartment 5plus
$646.7K
$565.8K – $754.5K
NOI $45,267 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $160,390 @ 7.0% cap · market cap 18.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
203
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 8,438 SF building with five units in prime location.
Where is this apartment building located?
The property is located at 7252 Mansions Drive Corpus Christi, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime location off Rodd Field Road in a rapidly growing Corpus Christi area with RT zoning.; Substantial 8,438 SF building featuring **five well‑maintained, contemporary 2‑bedroom, 2‑bathroom units.**; Ideal for Multifamily / Single Family Rental investors seeking portfolio expansion.
