Versatile Mixed-Use Property For
For Sale
Contact for pricing
917 S Staples St, Corpus Christi, TX 78404
Office, warehouse, parking, and garage space near Downtown.
Property Size9,800 SF
Price / SF$66.22
Days on Market180
Property Features for 917 S Staples St
General Information
Standard status
Active
Size
9,800 SF
Property subtype
Industrial, Office
Zoning
F-1
Building Details
Tenancy
Multi
Listing Agency:
DH Realty Partners
(361) 929-5003
Listed By:
James Magill · License #TX 675040
Source:
Crexi
Added: Feb 12
Changed: Aug 8
Last Checked: Aug 10 at 3:23PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,294
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,293
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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**
