High-Visibility Retail
10306 S Padre Island Drive Corpus Christi, TX 78418
New
For Sale
$440,900
COMMERCIAL - Corpus Christi, TX
Property Size1,610 SF
Lot Size0.16 Acres
Price / SF$273.85
Days on Market4
Property Features for 10306 S Padre Island Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 248600010020
- Size
- 1,610 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- FLOUR BLUFF ESTATES 8OX85 FT LT 2 BK A
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1972
- Floors in Building
- 1
Listing Agency:
ValTex Realty
(361) 765-9711
Listed By:
David Oliveira · License #0448849
(361) 537-9577
Added: Jul 20
Changed: Jul 23
Last Checked: Jul 23 at 10:06PM
MLS# 479708
Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale retail storefront property is located at 10306 S Padre Island Drive in Corpus Christi, TX. The building offers a commercial storefront configuration with large display windows and exterior features intended to support tenant branding and visibility.
Public remarks describe the property as having high exposure from its freeway-adjacent setting just off South Padre Island Drive, with convenient access for customers traveling in and out of surrounding coastal areas. The property is described as positioned for strong local and tourist traffic.
The available information presents this asset as a versatile commercial building suitable for a range of storefront-oriented uses, including retail, office, and restaurant concepts, along with other business types mentioned in the remarks.
Public remarks describe the property as having high exposure from its freeway-adjacent setting just off South Padre Island Drive, with convenient access for customers traveling in and out of surrounding coastal areas. The property is described as positioned for strong local and tourist traffic.
The available information presents this asset as a versatile commercial building suitable for a range of storefront-oriented uses, including retail, office, and restaurant concepts, along with other business types mentioned in the remarks.
Key Highlights
- Commercial building with central heating and central air conditioning
- Year built 1972 with public water and public sewer
- Large storefront display windows for strong front‑of‑store visibility
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.0k | $18.00 |
| − Vacancy | −$2.5k | −$1.53 |
| EGI | $26.5k | $16.47 |
| − OpEx | −$8.0k | −$4.94 |
| NOI | $18.6k | $11.53 |
1,610 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$265.2K
$232.0K – $309.4K
NOI $18,562 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$615.5K
$538.5K – $718.0K
NOI $43,082 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dockside Surf Shop
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Storefront property - Retail storefront building on S Padre Island Drive with large display windows and sign-ready exterior for retail or office use.
Where is this storefront property located?
The property is located at 10306 S Padre Island Drive Corpus Christi, TX.
What is the asking price?
The asking price for this property is $440,900.
What are key features of this property?
This property features: Commercial building with central heating and central air conditioning; Year built 1972 with public water and public sewer; Large storefront display windows for strong front‑of‑store visibility
