Corpus Christi Hotel
For Sale
Contact for pricing
929 Navigation Boulevard, Corpus Christi, TX 78408
Two hotels available as a portfolio or individually.
Property Size97,316 SF
Price / SF$133.17
Days on Market158
Property Features for 929 Navigation Boulevard
General Information
Standard status
Active
Size
97,316 SF
Property subtype
Hospitality
Investment Type
Value Add
Building Details
Year Built
2008
Year Renovated
2024
Buildings
2
Stories
4
Listing Agency:
HVS
Listed By:
Andrew Frosch · License #TX 617531
Source:
Crexi
Added: May 13
Changed: Oct 13
Last Checked: Oct 16 at 9:19AM
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 HVS
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Investment Insights
Based on property information with market context.
The Holiday Inn Express & Suites Corpus Christi North and the Hampton Inn & Suites by Hilton Corpus Christi I-37 - Navigation Boulevard are available for acquisition either as a portfolio or individually. The properties are located next to one another. The property size is 97316 square feet.
Key Highlights
- Opportunity to acquire Holiday Inn Express & Suites and Hampton Inn & Suites, located next to each other.
- Option to acquire as a portfolio or individually.
- Located in Corpus Christi, TX.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$565,795
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,315,900
$11.3M
Cap Rate 7%
$8,082,786
$8.1M
Cap Rate 9%
$6,286,611
$6.3M
Market Conditions
NOI Build-Up for 97,316 SF
Gross rent
$1.40M $14.40/SF
− Vacancy
−$210.2K −$2.16/SF
EGI
$1.19M $12.24/SF
− OpEx
−$625.4K −$6.43/SF
NOI
$565.8K $5.81/SF
Area
Corpus Christi, TX
Vacancy
15.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,315,900
Cap Rate 7%
$8,082,786
Cap Rate 9%
$6,286,611
Alternative Uses
Best Use
Hotel Hospitality
$8.08M
$7.07M – $9.43M
NOI $565,795 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$23.16M
$20.26M – $27.01M
NOI $1,620,895 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Explore this area
Business Placement
Demographics for 78408, TX
11,023
Population
4,543
Households
2.4
Avg Household Size
37
Median Age
8%
College-Educated
69%
High-School Grad
5.9 sq mi
ZIP Area
1,868
Density / Sq Mi
$43,096
Median Household Income
$30,621
Median Earnings
$979
Median Rent
$82,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Hotel - Two hotels available as a portfolio or individually.
Where is this hotel located?
The property is located at 929 Navigation Boulevard Corpus Christi, TX.
What is the asking price?
The asking price for this property is $12,960,000.
What are key features of this property?
This property features: Opportunity to acquire Holiday Inn Express & Suites and Hampton Inn & Suites, located next to each other.; Option to acquire as a portfolio or individually.; Located in Corpus Christi, TX.
