1024 Leopard StCorpus Christi, TX 78401

Property Details for 1024 Leopard St

Year built

1926

Lot size

0.32 AC

Property size (Sq ft)

7,800 SF

Zone code

B-5

Property type

Office buildings

APN

0797-0034-0100

APU

79700340100

Description

This 7,800 square foot Class B office building at 1024 Leopard St, Corpus Christi, TX 78401, is a multi-tenant property currently boasting 100% occupancy with a strong net operating income (NOI) of $110,000. Offered at $1,200,000, this presents a compelling 9.17% capitalization rate. The property underwent extensive renovations in 2008 and again between 2017-2018, featuring modern amenities including a shared conference room, updated restrooms, and a welcoming common area. The building benefits from a prime location, just two blocks from City Hall and the Courthouse, and diagonally across from the RTA building, ensuring high visibility and traffic. The corner lot provides ample paved and secure parking. The roof and facade were recently updated with Owens Corning Duration shingles, and hurricane shutters are installed. This is a turnkey investment opportunity with long-term leases and a proven income stream. The lease type is gross, and the property features top-notch finishes.

• CAP approach

  CAP return

  Valuation

  6%

  $1,015,314

  6.5%

  $937,213

  7%

  $870,269

• Comparable approach

  Method

  Valuation

  Relative Method

  $711,408

  Geo Method

  $1,772,706

• Alternative Use

  Use

  Valuation

  Residential

  $1,162,144

  Hospitality

  $1,064,518

  Educational

  $885,666

  Medical

  $916,126

  Retail

  $1,377,703

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.7967

Longitude

-97.4016

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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