605 Omaha DrCorpus Christi, TX 78408

Property Details for 605 Omaha Dr

Year built

1973

Lot size

0.22 AC

Property size (Sq ft)

6,225 SF

Property type

Office buildings

APN

2294-0003-0125

APU

229400030125

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $855,442

  6.5%

  $789,639

  7%

  $733,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $536,790

  Geo Method

  $1,414,756

• Alternative Use

  Use

  Valuation

  Residential

  $979,152

  Hospitality

  $896,898

  Educational

  $746,209

  Medical

  $771,872

  Retail

  $1,160,769

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.7942

Longitude

-97.448

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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