Corpus Christi Industrial Investment
For Sale
Contact for pricing
650 Flato Rd, Corpus Christi, TX 78405
25,500 SF industrial property in Corpus Christi, Texas.
Property Size25,500 SF
Lot Size2.78 Acres
Price / SF$101.57
Days on Market701
Property Features for 650 Flato Rd
General Information
Standard status
Active
Size
25,500 SF
Lot size
2.78 Acres
Property subtype
Industrial
Listing Agency:
New Southern Commercial Real Estate
(361) 905-5000
Listed By:
Steven Saules · License #789600
Source:
Crexi
Added: Aug 29, 2024
Changed: Jul 6
Last Checked: Jul 30 at 4:20AM
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 New Southern Commercial Real Estate
Investment Insights
Based on property information with market context.
This 2.78-acre industrial property is centrally located in the industrial corridor of Corpus Christi, TX, situated between Agnes Rd. and Bear Lane. Traffic counts average 11,500 vehicles daily on Agnes Rd. (2021) and 3,200 on Bear Lane (2023). The property is located approximately 0.5 miles from SPID, 2 miles south of I-37, and 5 miles south of the Port of Corpus Christi, which is undergoing a $650 million infrastructure expansion. The building features thirteen 12-14’ overhead doors and 3-phase 480-V power. The property also includes four office suites, a break room, a conference room, and a showroom. The building has a 24’ stackable height and a fire-suppression system, with recent office remodeling completed in 2023. The property is 100% occupied with a lease expiring on 11/30/2028, guaranteed by SRS Distribution Inc. The lease generates $248,520 gross annually, increasing to $255,698 in November 2026. Equivalent net income is $223,086 after deducting 2025 taxes of $20,247 and insurance (excluding wind and storm) of $5,187. The property is located in a flood zone with 0% risk.
Key Highlights
- 100% Occupied with Lease Expiration 11/30/2028
- Guaranty of Lease with “SRS Distribution Inc.” ($50M Revenue)
- Lease: $248,520 Gross ($255,698 on 11/2026)**
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $214.2k | $8.40 |
| − Vacancy | −$15.0k | −$0.59 |
| EGI | $199.2k | $7.81 |
| − OpEx | −$29.9k | −$1.17 |
| NOI | $169.3k | $6.64 |
25,500 SF · lease $8.40/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.42M
$2.12M – $2.82M
NOI $169,325 @ 7.0% cap · market cap 6.54%
Second Best
Industrial
$1.91M
$1.67M – $2.22M
NOI $133,468 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$6.07M
$5.31M – $7.08M
NOI $424,728 @ 7.0% cap · market cap 16.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78405, TX
14,151
Population
6,068
Households
2.3
Avg Household Size
37
Median Age
4%
College-Educated
62%
High-School Grad
5.1 sq mi
ZIP Area
2,775
Density / Sq Mi
$37,188
Median Household Income
$25,323
Median Earnings
$1,030
Median Rent
$75,300
Median Home Value
Market
Properties on Market for Warehouses in Corpus Christi
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- VeriTrust — 4930 Old Brownsville Rd, Corpus Christi, TX 78405
Frequently Asked Questions
What type of property is this?
Warehouse - 25,500 SF industrial property in Corpus Christi, Texas.
Where is this warehouse located?
The property is located at 650 Flato Rd Corpus Christi, TX.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: 100% Occupied with Lease Expiration 11/30/2028; Guaranty of Lease with “SRS Distribution Inc.” ($50M Revenue); Lease: $248,520 Gross ($255,698 on 11/2026)**
