Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    120 Gilliam St Corpus Christi, TX 78409
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    120 Gilliam St Corpus Christi, TX 78409

    View on Map
    • Flex space
    • 4,000 SF
    • 2.49 lot acres
    Off-Market
    Property ID
    US82-4813204
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Flex space

    Property Details for 120 Gilliam St

    Year built
    1986
    Lot size
    2.49 lot acres
    Property size
    4,000 SF
    Zone code
    I-3
    Property type
    Flex space
    APN
    1623-0001-0040
    APU
    162300010040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.5332
    Latitude
    27.7864
    CBSA code
    18580
    CBSA name
    CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,522
    $108,247
    $62,774
    $171,021
    -
    $108,247
    $62,774
    $171,021

    Comparable in this City

    • Value Estimation
      $885,000
      13,800 SF

      7753 Ih 37

      LIGHT INDUSTRIAL • 13,800 SF
      7753 Ih 37, Corpus Christi, TX 78409-2806
      View Details
    • Value Estimation by Request
      5,000 SF

      6825 Leopard St

      LIGHT INDUSTRIAL • 5,000 SF
      6825 Leopard St, Corpus Christi, TX 78409-1703
      View Details
    • Value Estimation by Request
      7,200 SF

      6841 Leopard St

      LIGHT INDUSTRIAL • 7,200 SF
      6841 Leopard St, Corpus Christi, TX 78409-1703
      View Details
    • Value Estimation by Request
      8,240 SF

      8276 Leopard St

      LIGHT INDUSTRIAL • 8,240 SF
      8276 Leopard St, Corpus Christi, TX 78409-2231
      View Details
    • Value Estimation by Request
      6,000 SF

      6640 Leopard St

      LIGHT INDUSTRIAL • 6,000 SF
      6640 Leopard St, Corpus Christi, TX 78409
      View Details
    • Value Estimation by Request
      10,000 SF

      7410 Leopard St

      LIGHT INDUSTRIAL • 10,000 SF
      7410 Leopard St, Corpus Christi, TX 78409-1903
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,010 SF

      Industrial Property with Stabilized Yard

      Industrial property featuring a stabilized yard and convenient highway access.
      1237 Southern Minerals Rd, Corpus Christi, TX 78409
      View Details
    • Contact for pricing

      Leopard Mobile Home & RV Park

      All-age 180-site community in Corpus Christi, Texas.
      8225 Leopard St, Corpus Christi, TX 78409
      View Details
    • $1,307,268

      Industrial Land For Sale

      Industrial land suitable for various industrial services and support.
      602 Gilliam St, Corpus Christi, TX 78409
      View Details
    • $729,521

      Industrial Land For Sale

      Industrial land suitable for various industrial uses.
      601 Gilliam St, Corpus Christi, TX 78409
      View Details
    • Contact for pricing

      60 Acres of Industrial Land

      60 acres of non-platted land ideal for industrial businesses.
      7546 Sedwick Rd, Corpus Christi, TX 78409
      View Details
    • Contact for pricing

      Improved Land Ready For Construction

      4.26 acres with utilities and pad site dirtwork.
      7201 Sedwick Rd, Corpus Christi, TX 78409
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property with Crane-Ready Warehouse

      Crane-ready warehouse with office, wash-rack, and yard space.
      1253 Southern Minerals Rd, Corpus Christi, TX 78409
      View Details
    • Contact for pricing
      11,500 SF

      Versatile Warehouse Space Available

      Spacious warehouse with offices, crane, and wash bay.
      1013 Southern Minerals Rd, Corpus Christi, TX 78409
      View Details
    • Contact for pricing

      New Construction Office Warehouse Space

      New construction office, warehouse, and wash rack with stabilized yard.
      1222 Cathead Rd, Corpus Christi, TX 78409
      View Details
    • Contact for pricing

      Crane-Ready Industrial Space For Lease

      Industrial space with crane, office, wash-rack, and yard.
      1314 Spindletop Rd, Corpus Christi, TX 78409
      View Details
    • Contact for pricing
      12,500 SF

      Industrial Warehouse Near Southern Minerals

      Industrial warehouse on I-37 with secure yard and access.
      7317 Ih 37, Corpus Christi, TX 78409
      View Details
    • Contact for pricing
      1,655,280 SF

      Corpus Christi Industrial Land

      Prime Industrial Land: Lease, Buy, or Build
      7626 Roughneck Rd, Corpus Christi, TX 78409
      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.
    120 Gilliam St
    Corpus Christi, TX 78409
    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.
    Sign Up Successful!
    You now have access to more from Realmo!