Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6102 Parkway Dr Corpus Christi, TX 78414

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

    Located in Corpus Christi Medical Center, southside Corpus Christi, TX.

    Type:Retail, Office, Restaurant
    Property size:
    3,000 SF
    Added:
    Jul 11, 2024
    Days on Market:
    660
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 6102 Parkway Dr

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Property subtype
    Retail, Office, Restaurant

    Building Details

    Year Built
    2021

    Spaces For Lease

    at 6102 Parkway Dr Contact us

    Available Space 1 $22 /Mo

    Size
    1,000 SF
    Type
    Retail, Office
    Contact us

    Available Space 2 $22 /Mo

    Size
    1,500 SF
    Type
    Retail, Office
    Contact us

    Available Space 3 $22 /Mo

    Size
    2,000 SF
    Type
    Retail, Office
    Contact us

    Available Space 4 $22 /Mo

    Size
    3,000 SF
    Type
    Retail, Office
    Contact us

    We can help!

    Listing Contact
    Steven Saules

    Listing agent Steven Saules License #789600

    Listing office New Southern Commercial Real Estate

    Listing date Jul 11, 2024

    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 New Southern Commercial Real Estate

    Overview

    Medical Center Retail/Office Space

    Located in the medical center in southside Corpus Christi, TX, this property is adjacent to Staples Blvd. and Saratoga Blvd., which had an annual average daily traffic count of 30,100 in 2019 and 40,500 in 2022, respectively. It is next to Christus Spohn Hospital, Saratoga Town Center, Davita, and various medical service providers, including medical surgery, sinus and allergy, rehabilitation, orthodontics, surgical, pathology, otolaryngologist, orthopedic, nose and throat, dialysis, paramedic, wellness, primary care, bariatric, and plastic surgery practices. The property offers multiple spaces: Space 1 is 1,000 SF (20’ Front x 50’ Depth), Space 2 is 1,500 SF (30’ Front x 50’ Depth), Space 3 is 2,000 SF (40’ Front x 50’ Depth), and Space 4 is 3,000 SF (60’ Front x 50’ Depth).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Similar Places Nearby

    • Petco Vaccination Clinic — 6418 S Staples St Unit B, Corpus Christi, TX 78413

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.3666
    Latitude
    27.6624

    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
    • $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
    • $6,500/Mo

      Corpus Christi Industrial Flex Space

      Versatile industrial property with office and warehouse space for lease.
      820 Mcbride, Corpus Christi, TX 78408
      View Details
    • $400/Mo

      Office Suites Near Downtown

      Flexible office suites in central Corpus Christi location for rent.
      3236 Reid Drive, Corpus Christi, TX 78404
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Located in Corpus Christi Medical Center, southside Corpus Christi, TX.
    Where is this medical office space located?
    The property is located at 6102 Parkway Dr Corpus Christi, TX.
    What are key features of this property?
    This property features: Located in Corpus Christi Medical Center area.; High traffic location on Staples Blvd. (30,100 AADT) and Saratoga Blvd. (40,500 AADT).; Strong demographics with high household income in surrounding areas.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steven Saules
    Real Estate License ID: 789600
    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

    6102 Parkway Dr, 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!