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Property profile & analytics
OFF-MARKET
Flex space

311 Saratoga Blvd Corpus Christi, TX 78417-3506

4,800 SF 4.97 ac lot Built 1992
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US82-5450964
Property summary
AI-generated overview

This exceptional Corpus Christi investment opportunity encompasses a diverse portfolio of four industrial buildings totaling 32,953 square feet, strategically situated on two parcels of land. The main building, constructed in 2007, features 13,264 square feet of office space and 4,489 square feet of warehouse space within a pre-engineered metal structure on a concrete slab. A 7,500-square-foot service warehouse (built in 2012), a 2,500-square-foot service garage (2007), a 4,000-square-foot machine shop, and a 1,200-square-foot small shop (both 1992) complete the complex. All buildings are pre-engineered metal structures on concrete slabs, featuring corrugated metal sides and roofs with eaves ranging from 16 to 25 feet. The property includes two canopies totaling 4,160 square feet, a 5-ton crane in the welding shop, and a 10-ton crane in the mechanic shop. The Saratoga Blvd. site, approximately 4.9658 acres, is zoned IL (light industrial) and boasts approximately 353 feet of frontage on Saratoga Blvd. The Jurica Rd. parcel, encompassing approximately 20.066 acres, is located just outside city limits and is unzoned, offering significant expansion potential. The combined property offers a compelling investment opportunity for owner-users seeking a versatile industrial space in a prime Corpus Christi location. The asking price is $3,589,000, translating to $108.91 per square foot.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1992
Total area 4,800 SF
Lot 4.97 ac (216,319 SF)
Zoning code R-1B
APN 7425-0007-0030
UPID US82-5450964
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Coastal Drilling Co Construction Company General Contractor
  • Signal Security of Corpus Christi Security Service
  • Liberty Well Services Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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by Request
Owner & transaction history
Third Coast Real Estate LLC · 14 yrs held
Third Coast Real Estate LLC
since 2011
6 recorded transactions
2011
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R-1B · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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