Nearly Turnkey Restaurant with New
For Sale
$675,000
3314 Surfside Boulevard, Corpus Christi, TX 78402
COMMERCIAL - Corpus Christi, TX
Property Size2,520 SF
Lot Size0.30 Acres
Price / SF$267.86
Days on Market82
Property Features for 3314 Surfside Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security
Subdivision
Corpus Beach Hotel Add
Lot features
Interior Lot, Subdivided
Standard status
Active
APN
179700010850
Size
2,520 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
CORPUS BEACH HOTEL LTS 85, 86 & 87 BLK I
Legal Description
CORPUS BEACH HOTEL LTS 85, 86 & 87 BLK I
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas, Central
Cooling system
Electric, Central Air, Gas (Cooling)
Water source
Public
Building Details
Year built
1989
Floors in Building
1
Roof type
Flat
Listing Agency:
Cass Real Estate
(361) 643-2662
Listed By:
Brenton Reagan · License #0669077
(512) 736-2695
Added: Jun 12
Changed: Aug 4
Last Checked: Sep 1 at 12:06AM
MLS# 478061
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.
Nearly turnkey restaurant located at 3314 Surfside Boulevard in Corpus Christi, TX. The 2,520 SF space is outfitted with new appliances, freezers, and additional restaurant equipment, ready for an operator to add a fryer, drink station, and personal decor. The property sits on a 0.3-acre lot and features a flat roof, electric and natural gas heating, and central air conditioning with electric and gas components.
Served by public water and public sewer, the building was constructed in 1989. The restaurant is on North Beach and is positioned less than a mile from the USS Lexington and the Texas State Aquarium, with hotels, condos, and shopping nearby.
The current tenant referenced in the remarks operated successfully for a decade before moving operations to Portland, creating a new opportunity for a concept on North Beach.
Served by public water and public sewer, the building was constructed in 1989. The restaurant is on North Beach and is positioned less than a mile from the USS Lexington and the Texas State Aquarium, with hotels, condos, and shopping nearby.
The current tenant referenced in the remarks operated successfully for a decade before moving operations to Portland, creating a new opportunity for a concept on North Beach.
Key Highlights
- 2,520 SF restaurant with outfitted new appliances and freezers
- 0.3‑acre lot at 3314 Surfside Boulevard
- Built in 1989 with flat roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,659
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$653,180
$653.2K
Cap Rate 7%
$466,557
$466.6K
Cap Rate 9%
$362,878
$362.9K
Market Conditions
NOI Build-Up for 2,520 SF
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.
Gross rent
$45.4K $18.00/SF
− Vacancy
−$1.8K −$0.72/SF
EGI
$43.5K $17.28/SF
− OpEx
−$10.9K −$4.32/SF
NOI
$32.7K $12.96/SF
Area
Corpus Christi, TX
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$653,180
Cap Rate 7%
$466,557
Cap Rate 9%
$362,878
Alternative Uses
Best Use
Specialty Retail
$466.6K
$408.2K – $544.3K
NOI $32,659 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$599.6K
$524.7K – $699.6K
NOI $41,973 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78402, TX
625
Population
688
Households
0.9
Avg Household Size
54
Median Age
54%
College-Educated
100%
High-School Grad
4.2 sq mi
ZIP Area
149
Density / Sq Mi
$53,102
Median Household Income
$31,643
Median Earnings
$195,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - 1989 restaurant with central electric and gas HVAC, flat roof, and public water and sewer services.
Where is this conventional restaurant located?
The property is located at 3314 Surfside Boulevard Corpus Christi, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,520 SF restaurant with outfitted new appliances and freezers; 0.3‑acre lot at 3314 Surfside Boulevard; Built in 1989 with flat roof
