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Courthouse Square 1024 Leopard St 7,800 SF 100% Leased Office Building Corpus Christi, TX 78401 $1,200,000 ($153.85/SF) 9.73% Cap Rate



Investment Highlights
- Located on a corner lot with private, paved and secure parking lot
- Just a block away from Nueces County Courthouse and Corpus Christi City Hall.
- Hurricane shutters
- Fully occupied investment property with long term leases
- Heavy traffic volume.
- Totally gutted and remodeled in 2008 and 2018. Class A finishes
Executive Summary
Fully occupied investment property with recent lease extensions in place. Occupied with excellent paying tenants. Centrally located two blocks from City Hall to the west, two blocks from Courthouse to the east, diagonally located from RTA building. Fully leased on 3 to 5 Year leases with separately metered electric service.This turn-key property was completely remodeled in 2008, and gutted and fully remodeled in 2017 - 2018. Quality finishes, new roof and facade done with Owens Corning Duration shingle, and a/c units. Gorgeous shared conference room, tiled restrooms, common area includes refrigerator, water fountain, microwave and sink. Easy access to Crosstown Expwy, State Hwy 37, Harbor Bridge/Hwy 181. New laminated and tempered glass in all windows, and remote controlled hurricane shutters on back windows. New concrete and fenced parking lot with 4 car garage. Some Adjacent and contiguous lots to this property are available for sale as well. Contact broker for rent roll , financials ,and more details.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Building Size
7,800 SF
Building Class
C
Year Built/Renovated
1957/2021
Price
$1,200,000
Price Per SF
$153.85
Cap Rate
9.73%
NOI
$116,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,800 SF
Slab To Slab
15’
Building FAR
0.58
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
CI - Commercial/Light Industrial
Parking
11 Spaces (1.41 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Conferencing Facility
- Fenced Lot
- Property Manager on Site
- Security System
- Energy Performance Rating - A
- Automatic Blinds
- Storage Space
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- All Faith Funeral Svcs
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- East Meets West Productions
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- SStars
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- The Perkes Law Firm
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| All Faith Funeral Svcs | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| East Meets West Productions | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| SStars | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| The Perkes Law Firm | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Walk Score®
Very Walkable (82)
Property Taxes
| Parcel Number | 196959 | Total Assessment | $341,900 (2025) |
| Land Assessment | $68,750 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $273,150 (2025) | Tax Year | 2022 Payable 2022 |
Property Taxes
Parcel Number
196959
Land Assessment
$68,750 (2025)
Improvements Assessment
$273,150 (2025)
Total Assessment
$341,900 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022 Payable 2022
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Courthouse Square | 1024 Leopard St
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