Versatile Mixed-Use Property For
917 S Staples St, Corpus Christi, TX 78404
For Sale
Contact for pricing
Pending
Office, warehouse, parking, and garage space near Downtown.
Property Size9,800 SF
Days on Market272
Property Features for 917 S Staples St
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Tenancy
Listing Agency:
DH Realty Partners
Listed By:
James Magill · License TX #675040
(361) 303-3334
Source:
Crexi
Added: Feb 12
Changed: Nov 8
Last Checked: Nov 8 at 7:21AM
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 DH Realty Partners
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Investment Insights
Based on property information with market context.
This versatile 9,800-square-foot property offers a combination of office space, warehouse/storage, parking, vehicle storage, green space, and a 3-bay garage. It is suitable for a range of commercial uses and is available for sale or lease, either as a whole or in individual components, including the office building, warehouse, and garage. Subdivision for lease may be considered depending on the intended use and lease term. The office building has been recently renovated and is currently operating as a coworking space, generating at least $3,000 per month from tenants. The office layout includes two conference rooms, ten private offices, three restrooms, a kitchen/break room, a storage room, an IT/security/copy room, a reception area, and open space suitable for workstations, collaborative areas, or additional meeting space. Individual offices may be leased separately. The property is located minutes from Downtown, the Medical Center, Crosstown Freeway, restaurants and bars, and the Bayfront area, providing accessibility and convenience.
Key Highlights
- Versatile property with office, warehouse/storage, parking, green space, and 3‑bay garage
- Prime location minutes from Downtown, Medical Center, Crosstown Freeway, restaurants, bars, and Bayfront
- Recently renovated office building currently operating as a coworking space generating $3,000/month**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,294
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,880
$1.0M
Cap Rate 7%
$732,771
$732.8K
Cap Rate 9%
$569,933
$569.9K
Market Conditions
NOI Build-Up for 9,800 SF
Gross rent
$78.8K $8.04/SF
− Vacancy
−$5.5K −$0.56/SF
EGI
$73.3K $7.48/SF
− OpEx
−$22.0K −$2.24/SF
NOI
$51.3K $5.23/SF
Area
Corpus Christi, TX
Vacancy
7.00%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,880
Cap Rate 7%
$732,771
Cap Rate 9%
$569,933
Alternative Uses
Best Use
Office B
$2.01M
$1.76M – $2.34M
NOI $140,408 @ 7.0% cap · market cap 21.63%
Second Best
Retail
$1.69M
$1.48M – $1.98M
NOI $118,541 @ 7.0% cap · market cap 18.27%
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,229 @ 7.0% cap · market cap 25.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,515
Businesses Nearby
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Business Placement
Demographics for 78404, TX
15,339
Population
6,884
Households
2.2
Avg Household Size
42
Median Age
23%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
4,793
Density / Sq Mi
$60,264
Median Household Income
$45,864
Median Earnings
$1,172
Median Rent
$180,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office, warehouse, parking, and garage space near Downtown.
Where is this mixed-use property located?
The property is located at 917 S Staples St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Versatile property with office, warehouse/storage, parking, green space, and 3‑bay garage; Prime location minutes from Downtown, Medical Center, Crosstown Freeway, restaurants, bars, and Bayfront; Recently renovated office building currently operating as a coworking space generating $3,000/month**
