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    Corpus Christi Industrial Investment Property Title is generated by Realmo AI

    650 Flato Rd, Corpus Christi, TX 78405

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    25,500 SF industrial property in Corpus Christi, Texas.

    Type:Industrial
    Property size:
    25,500 SF
    Lot size:
    2.78 Acres
    Price / SF:
    $101/SF
    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

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    Listing Contact
    Steven Saules

    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

    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.

    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
    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 (±1% cap)
    NOI $169,325 @ 7.0% cap · market cap 6.54%
    Second Best
    Industrial
    $1.91M
    $1.67M – $2.22M (±1% cap)
    NOI $133,468 @ 7.0% cap · market cap 5.15%
    Theoretical Best
    Office A
    $6.07M
    $5.31M – $7.08M (±1% cap)
    NOI $424,728 @ 7.0% cap · market cap 16.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Texas Pool Supply Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    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

    FAQs

    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)**
    More about this property
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