High-Visibility Retail
For Sale
$440,900
10306 S Padre Island Drive, Corpus Christi, TX 78418
Retail building with large display windows and mural-style exterior features, positioned for strong visibility off SPID.
Property Size1,610 SF
Price / SF$273.85
Days on Market19
Property Features for 10306 S Padre Island Drive
General Information
Standard status
Active
Size
1,610 SF
Property subtype
Industrial
Building Details
Year Built
1972
Listing Agency:
ValTex Realty
(361) 537-9577
Listed By:
David Oliveira · License #0448849
(361) 537-9577
Source:
Xome
Added: Jul 17
Changed: Jul 25
Last Checked: Aug 3 at 3:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ValTex Realty
Investment Insights
Based on property information with market context.
This high-visibility retail storefront building is located at 10306 S Padre Island Drive in Corpus Christi, TX 78418. The property is designed with a coastal character and features mural-style exterior elements, large display windows, and signage potential along the frontage to support retail presentation.
The building’s placement “just off” South Padre Island Drive (SPID) is intended to capture visibility from a high-traffic area, with convenient access for customers traveling toward North Padre Island, Mustang Island, and Corpus Christi. The listing also notes proximity to beaches, marinas, and NAS Corpus Christi.
Offered for sale, the building is described as flexible for a range of storefront and service concepts, including retail, office, restaurant, surf shop, or other service uses, based on the property’s storefront configuration and prominent curb presence.
The building’s placement “just off” South Padre Island Drive (SPID) is intended to capture visibility from a high-traffic area, with convenient access for customers traveling toward North Padre Island, Mustang Island, and Corpus Christi. The listing also notes proximity to beaches, marinas, and NAS Corpus Christi.
Offered for sale, the building is described as flexible for a range of storefront and service concepts, including retail, office, restaurant, surf shop, or other service uses, based on the property’s storefront configuration and prominent curb presence.
Key Highlights
- Retail/commercial building off SPID in Flour Bluff with large display windows
- Coastal‑style exterior with mural‑style features for curb appeal
- Central air with electric cooling
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with large display windows and mural-style exterior features, positioned for strong visibility off SPID.
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: Retail/commercial building off SPID in Flour Bluff with large display windows; Coastal‑style exterior with mural‑style features for curb appeal; Central air with electric cooling
