Storefront Retail Space with Large
For Sale
$440,900
10306 S Padre Island Drive, Corpus Christi, TX 78418
COMMERCIAL - Corpus Christi, TX
Property Size1,610 SF
Lot Size0.16 Acres
Price / SF$273.85
Days on Market16
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
Central, Electric (Heating)
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: Aug 2
Last Checked: Aug 4 at 4:06AM
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.
Storefront retail property on a 0.16-acre lot with a 1,610-square-foot building and large storefront display windows. Central Air and central electric heating are in place, with public water and public sewer serving the property. Built in 1972, the building is positioned for flexible commercial use.
Located at 10306 S Padre Island Drive in Corpus Christi (Flour Bluff area), the property offers visibility just off SPID and easy access for customers traveling between North Padre Island, Mustang Island, and Corpus Christi.
The building’s coastal character and frontage features are designed to support retail and customer-facing uses, including office, restaurant, service-oriented businesses, and other neighborhood commercial concepts.
Located at 10306 S Padre Island Drive in Corpus Christi (Flour Bluff area), the property offers visibility just off SPID and easy access for customers traveling between North Padre Island, Mustang Island, and Corpus Christi.
The building’s coastal character and frontage features are designed to support retail and customer-facing uses, including office, restaurant, service-oriented businesses, and other neighborhood commercial concepts.
Key Highlights
- 10306 S Padre Island Drive (SPID), Corpus Christi, TX 78418
- 0.16‑acre lot with 1,610‑square‑foot storefront building
- Large display windows for storefront 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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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 - Storefront property on S Padre Island Drive with large display windows, central air, and public water and sewer.
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: 10306 S Padre Island Drive (SPID), Corpus Christi, TX 78418; 0.16‑acre lot with 1,610‑square‑foot storefront building; Large display windows for storefront visibility
