Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1024 Leopard St Corpus Christi, TX 78401

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime location, high occupancy, strong NOI.

    Property size:
    7,800 SF

    Property Features for 1024 Leopard St

    General Information

    Property type
    Office properties & Spaces
    Square Feet
    7,800 SF
    Class
    B

    We can help!

    Listing Contact
    Lee Hrncir
    Lee Hrncir

    Listing Agency: Rundog Real Estate Group Listing Agent: Lee Hrncir

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This 7,800 square foot Class B office building at 1024 Leopard St, Corpus Christi, TX 78401, is a multi-tenant property currently boasting 100% occupancy with a strong net operating income (NOI) of $110,000. Offered at $1,200,000, this presents a compelling 9.17% capitalization rate. The property underwent extensive renovations in 2008 and again between 2017-2018, featuring modern amenities including a shared conference room, updated restrooms, and a welcoming common area. The building benefits from a prime location, just two blocks from City Hall and the Courthouse, and diagonally across from the RTA building, ensuring high visibility and traffic. The corner lot provides ample paved and secure parking. The roof and facade were recently updated with Owens Corning Duration shingles, and hurricane shutters are installed. This is a turnkey investment opportunity with long-term leases and a proven income stream. The lease type is gross, and the property features top-notch finishes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    East Meets West ... Marketing & Advertising Perkes Law Firm ... Law Firm EMW Financial Management, ... Bank STSARS Counselor All Faith International Cremation Service

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.401612499936
    Latitude
    27.796330847013

    Nearby Similar for Sale

    • $759,900
      5,184 SF

      Versatile Income-Producing Commercial Property

      Industrial and office property on a prominent corner lot.
      3801 Saturn Rd, Corpus Christi, TX 78413
      View Details
    • New
      $650,000
      856 SF

      Updated Commercial Space For Sale

      Updated commercial property in Corpus Christi, Texas available for purchase.
      3730 S Padre Island Dr, Corpus Christi, TX 78415
      View Details
    • $839,000
      17,409 SF

      Warehouse and Office Income Property

      Warehouse with two office buildings, generating three income streams.
      2346 Horne Rd, Corpus Christi, TX 78415
      View Details
    • $1,000,000
      7,170 SF

      Prime Commercial Building on Everhart

      7,170 SF commercial building in a high-traffic Corpus Christi location.
      4929 Everhart Rd, Corpus Christi, TX 78411
      View Details
    • $900,000
      6,146 SF

      Renovated Commercial Building, Corpus Christi

      Turnkey, renovated commercial building suitable for daycare, medical, or office use.
      10102 S Padre Island Dr, Corpus Christi, TX 78418
      View Details
    • $185,000
      Pending

      Corpus Christi Mixed-Use Opportunity

      Commercial or residential use property in prime location.
      2856 S Alameda St, Corpus Christi, TX 78404
      View Details
    • $589,000
      2,800 SF

      Waterfront Commercial Property For Sale

      Coastal commercial asset with redevelopment potential in Corpus Christi, TX.
      1101 Laguna Shores Rd, Corpus Christi, TX 78418
      View Details
    • $400,000
      1,734 SF

      Versatile Office Space For Sale

      Well-maintained office building with ample parking and accessibility features.
      4942 Everhart Rd, Corpus Christi, TX 78411
      View Details
    • $210,000
      4,500 SF

      Commercial Building with Office, Warehouse

      4,500 sq ft building on 10,000 sq ft lot.
      2828 Cleo St, Corpus Christi, TX 78405
      View Details
    • New
      $195,000
      4,414 SF

      Corpus Christi Commercial Opportunity

      Restaurant or commercial property in Corpus Christi, Texas for sale.
      103 Old Robstown Rd, Corpus Christi, TX 78408
      View Details
    • $475,000
      1,540 SF

      Corpus Christi Commercial Corner Lot

      Corner lot with office, garage, and storage in Corpus Christi.
      5134 Williams Dr, Corpus Christi, TX 78411
      View Details
    • $499,999
      3,720 SF

      Restaurant/Retail Building on Leopard Street

      3,720 sqft commercial building on a 30,557 sqft lot.
      10136 Leopard St, Corpus Christi, TX 78410
      View Details

    FAQs

    What type of property is this?
    Office property - Prime location, high occupancy, strong NOI.
    Where is this office property located?
    The property is located at 1024 Leopard St Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for a 7,800 SF Class B office building.; Located at 1024 Leopard St, Corpus Christi, TX 78401, two blocks from City Hall and the Courthouse.; 100% occupancy with a $110,000 NOI and a 9.17% cap rate.
    (512) 762-5426 Call to check price and availability
    Request Owner's contact information
    1024 Leopard St Corpus Christi, TX 78401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1024 Leopard St
    Corpus Christi, TX 78401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1024 Leopard St Corpus Christi, TX 78401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lee Hrncir
    Lee Hrncir
    Real Estate License ID: 698085
    (512) 762-5426
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!