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605 Omaha Dr Corpus Christi, TX 78408-2952

OFF-MARKET Office buildings Google Maps
6,225 SF 0.22 ac lot Built 1973
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$280k
Range $252k – $308k (±10%)
Property ID US83-3732377

Property summary

AI-generated overview

This vacant, 6,225-square-foot office building in Corpus Christi, Texas, presents a compelling investment opportunity. Built in 1973 and renovated in 2006, the two-story structure features a spacious layout with a 10-foot eave height and a 28-foot ridge height, complemented by a 560-square-foot canopy. Situated on a sizable 18,500-square-foot lot (108.4' x 190' x 76' x 200'), the property boasts approximately 108 feet of frontage along Omaha Drive. Zoned for Light Industrial use, it offers ample parking (6,252 SF) and is conveniently located in a well-established industrial area near essential amenities and major transportation routes. All utilities (water, gas, wastewater) are readily available. The property is not located in a flood zone and is free of known detrimental easements or encroachments. The building's versatile design caters to a variety of business needs, making it ideal for office or light industrial use. The asking price is $655,000, translating to $105.22 per square foot. This property offers significant potential for a savvy investor seeking a strong return in a thriving industrial sector.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1973
Total area 6,225 SF
Lot 0.22 ac (9,496 SF)
APN 2294-0003-0125
UPID US83-3732377

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
  • Tech Support Center IT Consulting Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2006
2 recorded transactions
2006
Price N/A
1969
Price N/A

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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