North Padre Island Commercial
For Sale
$3,800,000
Pending
14493 S Padre Island Drive S, Corpus Christi, TX 78418
COMMERCIAL - Corpus Christi, TX
Property Size12,097 SF
Lot Size1.31 Acres
Days on Market297
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
Subdivision
Mariners Cay
Lot features
Corner Lot, Landscaped, Level
Standard status
Pending
APN
479305070010
Size
12,097 SF
Lot size
1.31 Acres
Taxes and HOA fees
Tax Description
MARINERS CAY LTS 1 & 2 BLK 507
Legal Description
MARINERS CAY LTS 1 & 2 BLK 507
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating), Natural Gas
Cooling system
Electric, Central Air, Gas (Cooling)
Water source
Public
Building Details
Year built
1996
Floors in Building
1
Number of units
9
Building materials
Block, Concrete, Stucco
Roof type
Flat
Listing Agency:
ARMANDO AVALOS REALTY, INC.
(361) 857-2220
Listed By:
Armando Avalos · License #0128102
(361) 816-2220
Added: Oct 10, 2025
Changed: Jul 29
Last Checked: Aug 2 at 1:06AM
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Block, concrete, and stucco construction with central heating and central air
- Year built: 1996; flat roof
- Public water and public sewer
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 | $217.7k | $18.00 |
| − Vacancy | −$18.5k | −$1.53 |
| EGI | $199.2k | $16.47 |
| − OpEx | −$59.8k | −$4.94 |
| NOI | $139.5k | $11.53 |
12,097 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.99M
$1.74M – $2.32M
NOI $139,466 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.62M
$4.05M – $5.40M
NOI $323,707 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
411
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Day & Night Boardwalk Shopping Center — John F Kennedy Memorial Causeway, Corpus Christi, TX 78418
- Compass Plaza — 14646 Compass St, Corpus Christi, TX 78418
Frequently Asked Questions
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: Block, concrete, and stucco construction with central heating and central air; Year built: 1996; flat roof; Public water and public sewer
