1011 Santa Fe StCorpus Christi, TX 78404

Property Details for 1011 Santa Fe St

Year built

1952

Lot size

0.14 AC

Property size (Sq ft)

2,206 SF

Zone code

B-4

Property type

Office buildings

APN

0480-0004-0040

APU

48000040040

Description

This exceptional investment opportunity presents a portfolio of three traditional office buildings totaling 8,477 square feet, located at 1005, 1011, and 1015 Santa Fe Street in Corpus Christi, Texas, 78404. The portfolio boasts 100% occupancy with three dependable tenants under gross lease agreements, generating a strong net operating income (NOI) of $101,000 and a compelling 10.25% capitalization rate. Priced at $985,000, this translates to $116.20 per square foot. Situated in a thriving area ideal for medical and general office uses, the property benefits from its proximity to Corpus Christi Bay and the recently completed Fishpond Independent Living Apartments. The high-traffic Santa Fe Street location ensures excellent visibility and accessibility, further enhanced by gated parking. The portfolio's strong tenancy and low-maintenance tenants make this an attractive owner-user or investment opportunity. The area is experiencing significant revitalization, with new developments underway, promising continued growth and value appreciation. This Class C property offers a rare combination of strong cash flow, excellent location, and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $287,152

  6.5%

  $265,063

  7%

  $246,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $201,201

  Geo Method

  $501,358

• Alternative Use

  Use

  Valuation

  Residential Income

  $328,678

  Hospitality / Lodging

  $301,068

  Institutional / Educational

  $250,485

  Healthcare / Senior Housing

  $259,099

  Retail / Commercial

  $389,643

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.782

Longitude

-97.3991

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].