Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Retail Space Available Title is generated by Realmo AI

    5902 Yorktown Blvd, Corpus Christi, TX 78414

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern design retail center with excellent sign exposure.

    Type:Retail
    Property size:
    9,700 SF
    Added:
    Jul 27, 2021
    Days on Market:
    1752
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 5902 Yorktown Blvd

    General Information

    Standard status
    Active
    Size
    9,700 SF
    Property subtype
    Retail

    Spaces For Lease

    at 5902 Yorktown Blvd Contact us

    We can help!

    Listing Contact
    Lynann Pinkham
    Lynann Pinkham

    Listing agent Lynann Pinkham License #TX 319336

    Listing office Cravey Real Estate Services Inc

    Listing date Jul 27, 2021

    Source Crexi

    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 Cravey Real Estate Services Inc

    HighLights

    • Excellent sign exposure.
    • Modern design architectural look.
    • Negotiated tenant allowance for buildout.
    • Gray shell delivery includes essential infrastructure.
    • Flexible square footage options from 1,625 SF to 9,700 SF.
    • New construction, expected late December 2024/January 2025.

    Overview

    Construction commenced in late December 2024 or January 2025 on this retail space. The rental rate is $26.00 to $28.00 per square foot per year, plus expenses. Estimated expenses are $8.00 per square foot per year. The minimum leasable area is 1,625 square feet, and the maximum is 9,700 square feet. The landlord will provide a gray shell building, including the roof, foundation, glass storefront, front and back doors, electrical infrastructure, a gutter on the rear of the building, a sewer stub-up, and an overhead water line. The landlord will not provide interior finishes or HVAC but will offer a negotiated tenant allowance to assist with build-out. The minimum lease term is 5 years. This new center will feature a modern architectural design and excellent sign exposure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.390564
    Latitude
    27.664701

    Nearby Similar for Lease

    • $1,980/Mo

      Versatile Flex Space in Corpus

      Functional flex space with office and warehouse components in Corpus.
      3801 Saturn, Corpus Christi, TX 78413
      View Details
    • $3,750/Mo

      High-Traffic Retail/Office Center Space

      Highly visible retail/office space in thriving Corpus Christi Southside.
      2821 Airline Road, Corpus Christi, TX 78414
      View Details
    • $937/Mo

      Medical Office Space For Lease

      Professional medical office space for lease in central bay location.
      2802 S Staples Street, Corpus Christi, TX 78404
      View Details
    • $5,000/Mo

      Renovated Office and Shop Space

      High-end office and shop space with recent renovations.
      6342 Harwick Drive, Corpus Christi, TX 78417
      View Details
    • $3,150/Mo

      High-Traffic Retail/Office Center Space

      Highly visible retail/office space in thriving Corpus Christi Southside.
      2821 Airline Road, Corpus Christi, TX 78414
      View Details
    • $3,150/Mo

      Retail/Office Space in Corpus Christi

      Highly visible retail/office center in a high-traffic location.
      2821 Airline Road, Corpus Christi, TX 78414
      View Details
    • $2,250/Mo

      Converted Home Zoned Commercial

      Commercial property near Downtown Corpus Christi, ideal for small business.
      939 Ayers Street, Corpus Christi, TX 78404
      View Details
    • $2,881/Mo

      Updated Commercial Space in Calallen

      Updated commercial space with private offices and ample parking.
      14317 Northwest Boulevard, Corpus Christi, TX 78410
      View Details
    • $6,000/Mo

      Flour Bluff Commercial Garage/Shop

      Well-maintained garage/shop ideal for automotive, marine, or light industrial.
      428/434 Anchor Street, Corpus Christi, TX 78418
      View Details
    • $4,500/Mo

      Waterfront Restaurant Opportunity in Corpus

      Remodeled waterfront restaurant with Intracoastal Waterway views for lease.
      4242 Laguna Shores, Corpus Christi, TX 78418
      View Details
    • $8,100/Mo

      Prime Commercial Building on Padre Island

      5,000 sq ft commercial building with high-traffic frontage.
      3225 S Padre Island Drive, Corpus Christi, TX 78415
      View Details
    • $4,000/Mo

      Retail Space in Corpus Christi

      1,200 SF retail space available for lease.
      4706 Corona Drive, Corpus Christi, TX 78411
      View Details

    FAQs

    What type of property is this?
    Retail space - Modern design retail center with excellent sign exposure.
    Where is this retail space located?
    The property is located at 5902 Yorktown Blvd Corpus Christi, TX.
    What are key features of this property?
    This property features: Excellent sign exposure.; Modern design architectural look.; Negotiated tenant allowance for buildout.
    (361) 288-3102 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lynann Pinkham
    Lynann Pinkham
    Real Estate License ID: TX 319336
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    5902 Yorktown Blvd, Corpus Christi, TX 78414
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!