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5640 Ayers St Corpus Christi, TX 78415

Office buildings Google Maps
1,166 SF 1.39 ac lot Built 2002
Individually Owned Absentee Owner Free & Clear
Estimated value (blended)
$265k
Range $239k – $292k (±10%)
Property ID US82-3867192

Property summary

AI-generated overview

This exceptional 2,800-square-foot retail building, situated on a 0.39-acre lot in the South Riverside submarket of Lake Elsinore, CA, presents a remarkable lease opportunity. Located at 16899 Lakeshore Drive, this Class B property boasts a prime location at the highly signalized intersection of Lakeshore Drive and River Drive, experiencing a combined daily traffic volume of 46,204 vehicles. The single-story building offers excellent visibility and accessibility with multiple points of ingress and egress, including dedicated curb cuts on Lakeshore Drive and Wisconsin Street. The property features a spacious fenced yard, ideal for additional parking or storage, and includes 8 dedicated parking spaces along Wisconsin Street. This C-1/C-P zoned property (APN 379-212-013) is surrounded by established businesses, including Albertsons, Stater Bros, AutoZone, Family Dollar, Chevron, Arco, KFC, Taco Bell, Del Taco, and Burger Basket, and is less than a mile from the Launch Pointe Recreation Destination & RV Camping Park. The building is currently vacant and offers flexible lease terms. Individual unit sizes are available: Unit A (800 SF, $1,500/month), Unit B (700 SF, $1,350/month), Unit C (650 SF, $1,195/month), and Unit D (650 SF, $1,195/month). The entire 2,800 square foot building is also available for lease at $5,000 per month. This presents a unique opportunity for a business seeking high visibility and strong foot traffic in a rapidly growing market.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2002
Total area 1,166 SF
Lot 1.39 ac (60,766 SF)
Zoning code I-2
APN 0847-0003-0059
UPID US82-3867192

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Auto Parts Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

Zoning & alternative use

I-2 · Corpus Christi, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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