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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7602 Staples St Corpus Christi, TX 78413-5383

    • Strip malls
    • 14,124 SF
    • 1.79 lot acres
    OFF-MARKET
    Last Sale
    Oct 19, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9812077
    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.

    Current Use by Public Records

    • Younger Hoffman Construction / Construction Company
    • King's Donuts / Donut Shop / Coffee Shop
    • Amy Willis and Associates, LLC / Real Estate Agency
    • Subway / Fast Food Restaurant / Takeout Restaurant
    • Richard Schmeling / Audiologist / Practitioner Service Location

    Property Details for 7602 Staples St

    Year built
    2012
    Lot size
    1.79 lot acres
    Property size
    14,124 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    3960-0052-0030
    APU
    396000520030

    Description

    This exceptional 14,000 square foot shopping center in Corpus Christi, Texas, presents a compelling value-add investment opportunity. Built in 2012, the single-story, 100% occupied property sits on a 1.8-acre lot at 7602 S Staples St, 78414, boasting a current NOI of $260,100 and a 7.65% cap rate. Pro-forma projections indicate a significant increase in NOI to $300,000 and an 8.82% cap rate, reflecting the potential for rental growth. The property's prime location offers high traffic counts and easy access to major highways, ensuring strong tenant performance and attracting a diverse customer base. The multi-tenant structure provides stability and diversification, while the NNN lease structure minimizes landlord responsibilities. This is an ideal acquisition for investors seeking a stabilized asset with substantial upside potential in a thriving Texas market. The property features one building and is currently 100% occupied. The asking price is $3,400,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.3963
    Latitude
    27.6647
    CBSA code
    18580
    CBSA name
    CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $49,937
    $897,575
    $1,445,492
    $2,343,067
    -
    $897,575
    $1,445,492
    $2,343,067

    Comparable in this City

    • Value Estimation
      $980,000
      49,691 SF

      5860 Everhart Rd, Unit 5866

      SHOPPING CENTER, STRIP CENTER • 49,691 SF
      5860 Everhart Rd, Corpus Christi, TX 78413-3613
      View Details
    • Value Estimation
      $1,335,000
      66,172 SF

      5702 Staples St

      SHOPPING CENTER, STRIP CENTER • 66,172 SF
      5702 Staples St, Corpus Christi, TX 78413-3784
      View Details
    • Value Estimation
      $735,000
      21,522 SF

      6702 Staples St

      SHOPPING CENTER, STRIP CENTER • 21,522 SF
      6702 Staples St, Corpus Christi, TX 78413-5428
      View Details
    • Value Estimation
      $685,000
      29,728 SF

      7629 Staples St

      SHOPPING CENTER, STRIP CENTER • 29,728 SF
      7629 Staples St, Corpus Christi, TX 78413-5388
      View Details
    • Value Estimation by Request
      13,392 SF

      6917 Staples St

      SHOPPING CENTER, STRIP CENTER • 13,392 SF
      6917 Staples St, Corpus Christi, TX 78413-5547
      View Details
    • Value Estimation
      $855,000
      27,939 SF

      5521 Saratoga Blvd

      SHOPPING CENTER, STRIP CENTER • 27,939 SF
      5521 Saratoga Blvd, Corpus Christi, TX 78413-2843
      View Details

    Similar Nearby for Sale

    • $4,200,000
      19,700 SF

      Saratoga Oaks Shopping Center

      Corpus Christi Retail Investment Opportunity
      4861 Saratoga Blvd, Corpus Christi, TX 78413
      View Details
    • $2,290,000
      4,600 SF

      Corpus Christi Mixed-Use Redevelopment

      Prime 3-acre redevelopment opportunity. High-traffic location.
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    • $2,000,000
      6,700 SF

      Former Bank Building on Weber

      Former bank building suitable for bank or professional office use.
      5875 Weber Rd, Corpus Christi, TX 78413
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    • $895,000
      2,374 SF

      Saratoga Blvd Retail Opportunity

      High-traffic Corpus Christi restaurant/storefront.
      5506 Saratoga Blvd, Corpus Christi, TX 78413
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    • $895,000
      2,374 SF

      High-Traffic Restaurant/Retail Opportunity

      Prime location with existing restaurant infrastructure and high visibility.
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    • $2,000,000

      Former Bank Building For Sale

      Former bank building suitable for banking or professional office use.
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    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Spaces Available for Lease

      Retail spaces available in vibrant, anchored shopping center.
      6418 S Staples St, Corpus Christi, TX 78413
      View Details
    • $24 SF/Yr
      23,000 SF

      Prime Corpus Christi Retail Space

      1,787 SF Available - High Traffic Area
      6646 Staples St, Corpus Christi, TX 78413
      View Details
    • $32 SF/Yr
      90,768 SF

      Huntington Square Retail Space

      Corpus Christi Shopping Center - Prime Location
      5425 Saratoga Blvd, Corpus Christi, TX 78413
      View Details
    • $7,000 /Mo
      3,887 SF

      Prime Commercial Space in Corpus Christi

      Highly desirable commercial space for lease in Southside Corpus Christi.
      7009 S Staples St, Corpus Christi, TX 78413
      View Details
    • $2,850 /Mo
      3,990 SF

      Southside Flex Space Available

      Multi-tenant flex building complex in Corpus Christi for lease.
      3740-3790 Wow Rd, Corpus Christi, TX 78413
      View Details
    • $5,500 /Mo

      Unimproved Land For Lease

      0.7097 AC of unimproved land available for lease.
      5674 Sarazen Dr, Corpus Christi, TX 78413
      View Details
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    Corpus Christi, TX 78413-5383
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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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