650 Flato Rd, Corpus Christi, TX 78405
25,500 SF industrial property in Corpus Christi, Texas.
- Added:
- Aug 29, 2024
- Days on Market:
- 654
- Last Refresh:
- May 12 at 8:51 pm
Property Features for 650 Flato Rd
General Information
- Standard status
- Active
- Size
- 25,500 SF
- Lot size
- 2.78 Acres
- Property subtype
- Industrial
Listing agent Steven Saules License #789600
Listing office New Southern Commercial Real Estate
Listing date Aug 29, 2024
Source Crexi
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
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)
- 2023 Office Remodel and Fire‑Suppression ($280,000 Tenant‑Split)
- 2.78‑acre industrial property centrally located in the industrial corridor of Corpus Christi, TX
- Located 1/2‑mile from SPID; 2‑miles south of I‑37; and 5‑miles south of the Port of Corpus Christi
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- VeriTrust — 4930 Old Brownsville Rd, Corpus Christi, TX 78405
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.460773
- Latitude
- 27.764347