Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1153 S Padre Island Dr Corpus Christi, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land with high-traffic SPID frontage near amenities.

    Type:INDUSTRIAL
    Property size:
    3,380 SF
    Lot size:
    0.42 Acres
    Price / SF:
    $162/SF
    Added:
    Nov 14, 2025
    Days on Market:
    171
    Last Refresh:
    Apr 5 at 10:32 pm

    Property Features for 1153 S Padre Island Dr

    General Information

    Standard status
    Active
    Size
    3,380 SF
    Lot size
    0.42 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Lynann Pinkham
    Lynann Pinkham

    Listing agent Lynann Pinkham License #319336

    Listing office Cravey Real Estate Services, Inc.

    Listing date Nov 14, 2025

    Source Moodyscre

    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 Cravey Real Estate Services, Inc.

    Overview

    SPID Frontage Light Industrial Land

    This commercial land offers frontage on South Padre Island Drive (SPID) and is zoned for light industrial use. The location provides convenient access to nearby restaurants and stores. Traffic counts east of the property on SPID are approximately 92,265 vehicles per day, while traffic counts to the west are approximately 76,132 vehicles per day (ESRI 2024). The property encompasses a total area of 3,380 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cycletown Motorsports Auto Repair Shop Oiltrell Engineer

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.4478
    Latitude
    27.7444

    Nearby Similar for Sale

    • $495,000
      5,663 SF

      Auto Shop on Port Avenue

      Commercial property ideal for auto body shop or investor.
      610 N Port Avenue, Corpus Christi, TX 78408
      View Details
    • $759,900
      5,184 SF

      Versatile Income-Producing Commercial Property

      Industrial and office property on a prominent corner lot.
      3801 Saturn, Corpus Christi, TX 78413
      View Details
    • $475,000
      3,289 SF

      Dual-Building Commercial Property in Corpus Christi

      Turn-key headquarters for service-based businesses with office and warehouse space.
      4325 & 4333 Agnes Street, Corpus Christi, TX 78405
      View Details
    • $850,000
      6,603 SF

      High-Visibility Commercial Property on Staples

      0.97-acre property with redevelopment potential on a high-traffic thoroughfare.
      5918 S Staples Street, Corpus Christi, TX 78413
      View Details
    • $900,000
      6,146 SF

      Renovated Commercial Building, Corpus Christi

      Turnkey, renovated commercial building suitable for daycare, medical, or office use.
      10102 S Padre Island Drive, Corpus Christi, TX 78418
      View Details
    • $1,000,000
      7,170 SF

      Prime Commercial Building on Everhart

      7,170 SF commercial building in a high-traffic Corpus Christi location.
      4929 Everhart, Corpus Christi, TX 78411
      View Details
    • $1,675,000
      12,442 SF

      Flour Bluff Commercial Opportunity

      Commercial property with office buildings and a large warehouse/shop.
      2248 Flour Bluff Drive, Corpus Christi, TX 78418
      View Details
    • $589,000
      2,800 SF

      Waterfront Commercial Property For Sale

      Coastal commercial asset with redevelopment potential in Corpus Christi, TX.
      1101 Laguna Shores, Corpus Christi, TX 78418
      View Details
    • $385,000
      1,938 SF

      Turn-Key Restaurant Building For Sale

      Fully built-out restaurant with complete commercial kitchen in Flour Bluff.
      602 Nas Drive, Corpus Christi, TX 78418
      View Details
    • $3,500,000
      6,670 SF

      Operating Restaurant on SPID Frontage

      Income-producing restaurant with development upside in high-traffic location.
      1949 S Padre Island Drive, Corpus Christi, TX 78416
      View Details
    • $4,120,000
      8,640 SF

      Padre Island Retail Opportunity

      Prime retail/restaurant space with high visibility on Padre Island.
      15201 S Padre Island Drive, Corpus Christi, TX 78418
      View Details
    • $1,200,000
      3,000 SF

      Waterfront Restaurant Opportunity

      Remodeled waterfront restaurant on the Intracoastal Waterway in Corpus Christi.
      4242 Laguna Shores, Corpus Christi, TX 78418
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with high-traffic SPID frontage near amenities.
    Where is this commercial land located?
    The property is located at 1153 S Padre Island Dr Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: High traffic counts on SPID (92,265 cars/day East, 76,132 cars/day West).; SPID frontage.; Zoned Light Industrial.
    (361) 815-2155 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lynann Pinkham
    Lynann Pinkham
    Real Estate License ID: 319336
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1153 S Padre Island Dr, Corpus Christi, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!