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    1519 S Port Ave Corpus Christi, TX 78405

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    For Sale
    $950,000

    Retail property with tenant renewal and recent renovations.

    Property size:
    7,816 SF
    Lot size:
    0.72 Acres

    Property Features for 1519 S Port Ave

    General Information

    Size
    7,816 SF
    Lot size
    0.72 Acres

    Source: Adame Commercial Agent Joe Casey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property with Renewal Option

    This retail property is a Family Dollar location that was built to suit in 2004. The tenant exercised an early 3-year extension in 2021, with the current term expiring in December 2026. The tenant also renovated the interior of the property in 2021, demonstrating a strong commitment to the location. The property features an SPF roof coated in 2021 with a 15-year warranty. Two 5-year extension options remain, with 10% increases at the beginning of each renewal. The property has recent improvements.
    Insight Report Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.420878
    Latitude
    27.775288

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    FAQs

    What type of property is this?
    Storefront property - Retail property with tenant renewal and recent renovations.
    Where is this storefront property located?
    The property is located at 1519 S Port Ave Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Priced below replacement value at $121/sf with a 7% Cap Rate; - Tenant exercised early 3-year extension, expiring December 2026; - Tenant renovated the interior in 2021, demonstrating commitment
    (361) 880-5888
    Request Owner's contact information
    1519 S Port Ave Corpus Christi, TX 78405
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    Realmo Value Estimation

    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.

    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.

    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
    1519 S Port Ave Corpus Christi, TX 78405
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