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    13906 Mingo Cay Ct Corpus Christi, TX 78418
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    Property profile & analytics

    13906 Mingo Cay Ct, Corpus Christi, TX 78418

    View on Map
    • Distribution centers
    • 6,502 SF
    Off-Market
    Property ID
    US82-0597354
    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

    • Harv's Home Repair / Construction Company / General Contractor

    Property Details for 13906 Mingo Cay Ct

    Property type
    Distribution centers

    Description

    This exceptional Corpus Christi investment opportunity presents a 6,502 square foot warehouse property situated at 13906 Mingo Cay Ct 1-8, in the 78418 zip code of Nueces County, Texas. The property is classified as both industrial and commercial, offering significant potential for diverse uses. Currently configured as an eight-unit complex, the layout includes two two-bedroom, two-bathroom apartments and six one-bedroom, two-bathroom apartments. This presents a strong foundation for rental income generation. The asking price for this turnkey investment is $1,350,000. The property's location in Corpus Christi offers excellent accessibility and visibility, making it an attractive proposition for both investors and potential tenants. The substantial square footage provides ample space for various commercial or industrial applications, while the existing apartment units offer immediate cash flow. Detailed financial information and property specifics are available upon request. This is a rare opportunity to acquire a well-positioned, multi-unit property in a thriving Texas market. Don't miss out on this chance to secure a valuable addition to your investment portfolio.

    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
    -97.2329207
    Latitude
    27.595144

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      Versatile Industrial Property NAS Drive

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      Flour Bluff Commercial Property

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    Similar Nearby for Sale

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      8,899 SF

      Versatile Industrial Property NAS Drive

      Light industrial property featuring multiple buildings in a prime location.
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      View Details
    • Contact for pricing

      Flour Bluff Commercial Property

      Commercial property with office buildings and a large warehouse for sale.
      2248 Flour Bluff Dr, Corpus Christi, TX 78418
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    • $1,500,000
      8,899 SF

      Versatile Industrial Property on NAS Drive

      Light industrial property featuring multiple buildings in a prime location.
      721 Nas Dr, Corpus Christi, TX 78418
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    • $1,675,000
      12,442 SF

      Flour Bluff Commercial Opportunity

      Commercial property with office buildings and a large warehouse/shop.
      2248 Flour Bluff Dr, Corpus Christi, TX 78418
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      Unimproved Land in Flour Bluff

      5+ acre lot ideal for mixed-use development.
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    • $300,000
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      Waterfront Canal Lot For Sale

      9,282 sq ft waterfront lot with bulkhead.
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      View Details

    Similar Nearby for Lease

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      Prime Pad Site For Lease

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      North Flour Bluff Commercial Building

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      Flour Bluff Commercial Garage/Shop

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      Remodeled Office Space For Rent

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      Retail Space in FlourBluff Area

      Retail spaces available for lease in FlourBluff, Corpus Christi.
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    Corpus Christi, TX 78418
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    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
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