Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5101 Navigation Blvd Corpus Christi, TX 78408

    • Retail properties
    • 8,294 SF
    • 2.79 lot acres
    For Sale
    View listing
    $2,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 5101 Navigation Blvd

    Lot size
    2.79 lot acres
    Property size
    8,294 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional Corpus Christi investment opportunity encompasses two buildings totaling 8,294 square feet situated on a 2.79-acre lot. The property, zoned for Light Industrial use, boasts prominent frontage on Leopard Street, Navigation, and High Starr Drive, benefiting from high visibility at a busy, well-lit intersection. The offering includes a fully operational, furnished restaurant and bar occupying the downstairs and upstairs spaces of 5101 Leopard Street, respectively. Additionally, 549 Navigation is currently leased to Doug's Automotive under a triple-net (NNN) lease, generating $2,300 in monthly rent. The sale includes two vacant lots, providing potential for future development or expansion. The property's legal description is: Westside Industrial District, Lots 1-5, Block 1-A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.4533
    Latitude
    27.7969

    Comparable in this City

    • Value Estimation by Request
      1,374 SF

      3818 Leopard St

      AUTO REPAIR, GARAGE • 1,374 SF
      3818 Leopard St, Corpus Christi, TX 78408-2820
      View Details
    • Value Estimation by Request
      1,765 SF

      3710 Leopard St

      RETAIL STORES (PERSONAL SERVICES) • 1,765 SF
      3710 Leopard St, Corpus Christi, TX 78408-3208
      View Details
    • Value Estimation
      $650,000
      21,893 SF

      1901 Lipan St

      RETAIL STORES (PERSONAL SERVICES) • 21,893 SF
      1901 Lipan St, Corpus Christi, TX 78408-4035
      View Details
    • Value Estimation
      $955,000
      30,392 SF

      1602 Padre Is Dr

      RETAIL STORES (PERSONAL SERVICES) • 30,392 SF
      1602 Padre Is Dr, Corpus Christi, TX 78408-2345
      View Details
    • Value Estimation by Request
      1,129 SF

      530 Old Robstown Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,129 SF
      530 Old Robstown Rd, Corpus Christi, TX 78408-3436
      View Details
    • Value Estimation by Request
      3,250 SF

      4848 Leopard St

      RETAIL STORES (PERSONAL SERVICES) • 3,250 SF
      4848 Leopard St, Corpus Christi, TX 78408-2622
      View Details

    Similar Nearby for Sale

    • $2,000,000
      8,294 SF

      Prime Corpus Christi Retail Investment

      Two Buildings, 8,294 SF, High Traffic
      5101 Navigation Blvd, Corpus Christi, TX 78408
      View Details
    • $1,358,815
      8,647 SF

      3411 Leopard St

      Individual retail properties • 8,647 SF
      3411 Leopard St, Corpus Christi, TX 78408
      View Details
    • $2,000,000
      8,294 SF

      Restaurant, Bar, and Auto Shop

      Operating restaurant, bar, and auto shop on busy corner.
      549 Navigation Blvd, Corpus Christi, TX 78408
      View Details
    • $3,275,000
      6,670 SF

      Restaurant Building on Large Lot

      Restaurant building on 2.0885 acres with cross access.
      1949 S Padre Island Dr, Corpus Christi, TX 78408
      View Details
    • $225,000
      4,414 SF

      Corpus Christi Commercial Building For Sale

      Commercial building suitable for restaurant or retail in Corpus Christi.
      103 Old Robstown Rd, Corpus Christi, TX 78408
      View Details
    • Contact for pricing
      8,647 SF

      Corpus Christi Retail Opportunity

      Retail property with strong demographics and high visibility.
      3411 Leopard St, Corpus Christi, TX 78408
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      1,765 SF

      Freestanding Retail Building with Drive-Through

      Former QSR with drive-through, ideal for various retail uses.
      3710 Leopard St, Corpus Christi, TX 78408
      View Details
    • Contact for pricing
      48,970 SF

      Lipan Street Industrial Complex

      Prime Industrial Space Available
      2510 Lipan St, Corpus Christi, TX 78408
      View Details
    • Contact for pricing
      2,500 SF

      Industrial Space Near Refineries

      2,500 SF industrial space with easy highway access.
      802 Navigation Blvd, Corpus Christi, TX 78408
      View Details
    • $7,500 /Mo
      6,951 SF

      Versatile Office/Warehouse Space Available

      Prime commercial industrial office/warehouse space for sale or lease.
      4601 Leopard St, Corpus Christi, TX 78408
      View Details
    • Contact for pricing

      3-Acre Commercial Land in Corpus Christi

      Ideal industrial land; perfect for storage or distribution.
      5338 Leopard St, Corpus Christi, TX 78408
      View Details
    • $9 SF/Yr
      12,424 SF

      349 Mcbride Ln

      Distribution properties • 12,424 SF
      349 Mcbride Ln, Corpus Christi, TX 78408
      View Details
    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.
    5101 Navigation Blvd
    Corpus Christi, TX 78408
    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

    Google sign-in failed. Please try again or use another login method.