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    3022 Mckinzie Rd Corpus Christi, TX 78410

    For Sale
    $1,170,000

    High-yield medical office investment, 100% occupied.

    Property size:
    6,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This Corpus Christi, Texas medical office building presents a compelling investment or user opportunity. Located at 3022 McKinzie Rd, 78410, in Nueces County, this single-story, 6,100 square foot Class B building sits on a 0.81-acre lot and was built in 1984. Currently 100% occupied by WellMed under an Absolute NNN lease with 4 years remaining (expiring 11/29/2028), the lease features 3% rent bumps every 3 years and two 5-year renewal options. The asking price is $1,170,000, representing a price per square foot of $191.80 and an 8.34% cap rate. The property boasts excellent frontage and visibility on McKinzie Road, with high daily traffic volume. The ideal floor plan includes fully plumbed exam rooms and an x-ray room, making it immediately functional for various medical practices. This turnkey investment offers strong potential for long-term value growth and stable income. The property's strategic location ensures high patient and staff accessibility.

    Property Features for 3022 Mckinzie Rd

    General Information

    Property type
    Medical offices
    Square Feet
    6,100 SF
    Class
    B
    Lot Size
    35,284 SF

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    1

    HighLights

    • Corpus Christi, TX medical office building investment opportunity.
    • 6,100 SF Class B building on 0.81‑acre lot at 3022 McKinzie Rd, 78410.
    • 100% occupied by WellMed under an Absolute NNN lease expiring 11/29/2028 with 3% rent bumps every 3 years and two 5‑year options.
    • Asking price: $1,170,000 ($191.80/SF), 8.34% cap rate.
    • Excellent visibility and high traffic on McKinzie Road; fully plumbed exam rooms and x‑ray room.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Northside Family Medicine Medical Center Northside Family Medicine: ... Medical Clinic Judy Margarat Toscano, ... Nurse Practitioner Sheryll Payumo Gilmore, ... Nurse Practitioner Main Ellis G ... Family Practice Physician

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.5729812
    Latitude
    27.8400604

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    FAQs

    What type of property is this?
    Medical office - High-yield medical office investment, 100% occupied.
    Where is this medical office located?
    The property is located at 3022 Mckinzie Rd Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $1,170,000.
    What are key features of this property?
    This property features: Corpus Christi, TX medical office building investment opportunity.; 6,100 SF Class B building on 0.81-acre lot at 3022 McKinzie Rd, 78410.; 100% occupied by WellMed under an Absolute NNN lease expiring 11/29/2028 with 3% rent bumps every 3 years and two 5-year options.
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    Realmo Value Estimation

    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.

    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.

    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
    3022 Mckinzie Rd Corpus Christi, TX 78410
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