518 Flato Rd Corpus Christi, TX 78405
- Flex space
- 7,750 SF
- 5.00 lot acres
Current Use by Public Records
- Gaertner Leasing Inc / Compressed Natural Gas Station
Property Details for 518 Flato Rd
- Year built
- 1991
- Lot size
- 5.00 lot acres
- Property size
- 7,750 SF
- Zone code
- I-2
- Property type
- Flex space
- APN
- 7430-0006-0130
- APU
- 743000060130
Description
This exceptional industrial property, priced at $1,000,000, offers 7,750 square feet of warehouse space situated on a generous 5-acre lot in Corpus Christi, Texas. The property features two buildings: a front building encompassing 4,000 square feet, including 1,400 square feet of office space with two 14-foot overhead doors, and a rear building of 3,750 square feet with four 16-foot overhead doors. The property boasts a total of four offices and three restrooms, and is currently vacant. The warehouse features single-phase power. The site benefits from excellent water and sewer infrastructure, with an 8-inch water line and a 42-inch wastewater line along Flato Road. Importantly, the property is located in a 0% flood zone. The property's strategic location within the industrial corridor of Corpus Christi provides easy access to major transportation arteries, including I-37 and Highway 44, and is adjacent to the new Kingpin Drive industrial corridor. The property is also conveniently located near the Port of Corpus Christi, currently undergoing a significant $650 million infrastructure expansion. Average daily traffic counts on nearby Agnes Road and Bear Lane were 12,300 (2017) and 3,600 (2019) vehicles respectively. The property is zoned for industrial use and has a tax rate of $2.139171. The year built is 1986. The APN is 7430-0006-0130. This property presents a compelling investment opportunity in a rapidly growing industrial area.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $455,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $675,000
- 6.5%
- $625,000
- 7%
- $580,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $779,000
Market price range: $288k - $779k -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $515,000 Current use
- MEDICAL BUILDING
- $970,000 Change: +88% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $925,000 Change: +79% Conversion: Easy
- RETAIL STORES
- $850,000 Change: +64% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.4589
- Latitude
- 27.7756
- CBSA code
- 18580
- CBSA name
- CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA
