Storefront Retail
For Sale
$440,900
10306 S Padre Island Drive, Corpus Christi, TX 78418
CommercialSale, Corpus Christi, TX
Property Size1,610 SF
Lot Size0.16 Acres
Price / SF$273.85
Days on Market96
Property Features for 10306 S Padre Island Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Flour Bluff Estates
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
Legal 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: Oct 18
Last Checked: Oct 23 at 3:06PM
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.
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Investment Insights
Based on property information with market context.
This 1,610-square-foot storefront retail property was built in 1972 and occupies a 0.1561-acre site. The building includes large display windows, coastal-themed murals, and space for business signage. Central heating and central air conditioning serve the interior, while public water and public sewer provide utility service.
The property is located at 10306 S Padre Island Drive in Corpus Christi, just off South Padre Island Drive (SPID). The surrounding context includes routes toward North Padre Island, Mustang Island, and Corpus Christi, with beaches, marinas, and NAS Corpus Christi identified nearby. Its storefront configuration and visible exterior support a range of commercial applications, including retail, office, restaurant, boutique, surf shop, and service uses as described in the property information.
The property is located at 10306 S Padre Island Drive in Corpus Christi, just off South Padre Island Drive (SPID). The surrounding context includes routes toward North Padre Island, Mustang Island, and Corpus Christi, with beaches, marinas, and NAS Corpus Christi identified nearby. Its storefront configuration and visible exterior support a range of commercial applications, including retail, office, restaurant, boutique, surf shop, and service uses as described in the property information.
Key Highlights
- 1,610 SF storefront building on a 0.1561‑acre site
- Large display windows and exterior murals
- Central heating and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,562
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,240
$371.2K
Cap Rate 7%
$265,171
$265.2K
Cap Rate 9%
$206,244
$206.2K
Market Conditions
NOI Build-Up for 1,610 SF
Gross rent
$29.0K $18.00/SF
− Vacancy
−$2.5K −$1.53/SF
EGI
$26.5K $16.47/SF
− OpEx
−$8.0K −$4.94/SF
NOI
$18.6K $11.53/SF
Area
ZIP 78418
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,240
Cap Rate 7%
$265,171
Cap Rate 9%
$206,244
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 authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78418, TX
31,787
Population
16,171
Households
2
Avg Household Size
42
Median Age
33%
College-Educated
91%
High-School Grad
73.3 sq mi
ZIP Area
434
Density / Sq Mi
$91,443
Median Household Income
$51,914
Median Earnings
$1,301
Median Rent
$274,800
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Coastal-themed commercial space with display windows, public utilities, and central heating and air conditioning.
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: 1,610 SF storefront building on a 0.1561‑acre site; Large display windows and exterior murals; Central heating and central air conditioning
