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    14493 S Padre Island Drive S Corpus Christi, TX 78418

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    For Sale
    $3,800,000

    COMMERCIAL - Corpus Christi, TX

    Property size:
    12,097 SF
    Lot size:
    1.31 Acres
    Price / SF:
    $314/SF
    Added:
    Oct 10, 2025
    Days on Market:
    206
    Last Refresh:
    May 3 at 7:06 am

    Property Features for 14493 S Padre Island Drive S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Off Street
    Security features
    Security
    Standard status
    Active
    APN
    479305070010
    Size
    12,097 SF
    Lot size
    1.31 Acres

    Taxes and HOA fees

    Tax Description
    MARINERS CAY LTS 1 & 2 BLK 507

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas, Electric (Heating)
    Cooling system
    Electric, Gas (Cooling), Central Air
    Water source
    Public

    Building Details

    Year built
    1996
    Floors in Building
    1
    Number of units
    9
    Building materials
    Block, Concrete, Stucco
    Roof type
    Flat

    We can help!

    Listing Contact
    Armando Avalos

    Listing agent Armando Avalos License #0128102

    Listing office ARMANDO AVALOS REALTY, INC. 4930 Lake Medina Drive, Corpus Christi, TX

    Listing date Oct 10, 2025

    MLS# 466160

    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.

    Overview

    North Padre Island Commercial Center

    This commercial center, located in the heart of North Padre Island, has served the local community since the mid-1990s. The property spans 12,097 square feet on a 1.31-acre lot. It hosts a variety of tenants providing services and products to local residents. The anchor tenant, Isle Mail & More, offers U.S. mailing services, mailbox rentals, office supplies and services, as well as FedEx and UPS services. Deluxe Nails provides nail care and waxing services. Padre Pizzeria is a pizza restaurant where patrons can enjoy lunch or dinner. A Plus Cleaners offers laundry, dry cleaning, and alterations services. Cabana Pantry provides spice blends, rubs, seasonings, recipe kits, fancy pantry items, quality kitchen utensils, and morning coffee service. On Island Time offers full-service property management, including vacation rentals and home watch services. Coastal Financial Services is an investment firm committed to building financial wealth and management. The International Dance Studio offers dance and exercise classes for students and adults.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Texas State Environmental ... Construction Company Annaville Insurance Insurance Agency MT-TX Property 2 ... Property Management Company Safe4Athletes Association / Organization AirNote Texas Law Firm

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Day & Night Boardwalk Shopping Center — John F Kennedy Memorial Causeway, Corpus Christi, TX 78418
    • Compass Plaza — 14646 Compass St, Corpus Christi, TX 78418

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.221933
    Latitude
    27.617846

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    FAQs

    What type of property is this?
    Shopping center - Commercial center in the heart of North Padre Island.
    Where is this shopping center located?
    The property is located at 14493 S Padre Island Drive S Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: Diverse tenant mix provides essential services and products to the local North Padre Island community.; Anchor tenant Isle Mail & More offers comprehensive mailing and office services.; Established property (built in 1996) with concrete block and stucco construction.
    (361) 816-2220
    We can help!
    Listing Contact
    Armando Avalos
    Real Estate License ID: 0128102
    Learn More
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    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.

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    14493 S Padre Island Drive S, Corpus Christi, TX 78418

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