4-Unit Flex
For Sale
$2,950,000
Corpus Christi, TX 78406, Corpus Christi, TX 78406
CommercialSale, Corpus Christi, TX
Property Size20,473 SF
Lot Size1.73 Acres
Price / SF$144.09
Days on Market44
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Security features
Security
Lot features
Interior Lot, Level
Subdivision
Airport Indust
Standard status
Active
Size
20,473 SF
Lot size
1.73 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
4
Building materials
Frame, MetalSiding, Concrete
Roof type
Metal
Listing Agency:
ARMANDO AVALOS REALTY, INC.
(361) 857-2220
Listed By:
Armando Avalos · License #0128102
(361) 816-2220
Added: Sep 1
Changed: Oct 8
Last Checked: Oct 14 at 5:06AM
MLS# 481684
Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 20,473-square-foot flex building contains four units on a 1.73-acre parcel. Each unit has air-conditioned office space, restrooms, 20-foot ceilings, and at least one 12-by-16-foot overhead door. The 1985-built structure has frame, metal siding, and concrete construction, with a metal roof.
The property is just west of North Padre Island Drive and Hwy. 44 (Agnes St.) in Corpus Christi. Twenty-six parking spaces are positioned in front, with additional parking or equipment storage available in a gated rear yard.
The property is just west of North Padre Island Drive and Hwy. 44 (Agnes St.) in Corpus Christi. Twenty-six parking spaces are positioned in front, with additional parking or equipment storage available in a gated rear yard.
Key Highlights
- 20,473‑square‑foot building on 1.73 acres
- Four units, each with air‑conditioned offices and restrooms
- 20‑foot ceilings and one or more 12' x 16' overhead doors per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$215,581
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,311,620
$4.3M
Cap Rate 7%
$3,079,729
$3.1M
Cap Rate 9%
$2,395,344
$2.4M
Market Conditions
NOI Build-Up for 20,473 SF
Gross rent
$368.5K $18.00/SF
− Vacancy
−$36.9K −$1.80/SF
EGI
$331.7K $16.20/SF
− OpEx
−$116.1K −$5.67/SF
NOI
$215.6K $10.53/SF
Area
Corpus Christi, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,311,620
Cap Rate 7%
$3,079,729
Cap Rate 9%
$2,395,344
Alternative Uses
Best Use
Office B
$4.19M
$3.67M – $4.89M
NOI $293,324 @ 7.0% cap · market cap 9.94%
Second Best
Flex RnD
$3.08M
$2.69M – $3.59M
NOI $215,581 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$4.87M
$4.26M – $5.68M
NOI $340,998 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
20 ft
Clear height
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78406, TX
1,185
Population
353
Households
3.4
Avg Household Size
32
Median Age
2%
College-Educated
68%
High-School Grad
11.3 sq mi
ZIP Area
105
Density / Sq Mi
$51,646
Median Household Income
$18,214
Median Earnings
$1,715
Median Rent
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Four separate units combine office areas, restrooms, overhead access, and gated rear-yard parking or equipment storage.
Where is this flex space located?
The property is located at Corpus Christi, TX.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 20,473‑square‑foot building on 1.73 acres; Four units, each with air‑conditioned offices and restrooms; 20‑foot ceilings and one or more 12' x 16' overhead doors per unit
