Shopping Center with Established Island
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 Market300
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
Natural Gas, Electric (Heating), Central
Cooling system
Gas (Cooling), Electric, 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
Listing Agency:
ARMANDO AVALOS REALTY, INC.
(361) 857-2220
Listed By:
Armando Avalos · License #0128102
(361) 816-2220
Added: Oct 10, 2025
Changed: Aug 4
Last Checked: Aug 5 at 4:06PM
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.
Shopping center anchored by Isle Mail & More, supporting an established tenant mix in the local island community. Current tenants/services mentioned include U.S. mailing and mailbox rentals, office supplies, FedEx and UPS services, plus Deluxe Nails, Padre Pizzeria, A Plus Cleaners, Cabana Pantry, and International Dance Studio, along with Coastal Financial Services and On Island Time offering full-service property management for vacation rentals and home watch.
The property is located at 14493 S Padre Island Drive in Corpus Christi (78418) in Nueces County. Built in 1996, the center totals 12,097 square feet on a 1.31-acre lot. Construction materials include block, concrete, and stucco, with a flat roof. Facilities are served by public water and public sewer, with central heating and central air cooling that includes natural gas and electric options, as well as off-street parking.
This configuration offers a tenant-ready retail environment for day-to-day neighborhood-serving uses.
The property is located at 14493 S Padre Island Drive in Corpus Christi (78418) in Nueces County. Built in 1996, the center totals 12,097 square feet on a 1.31-acre lot. Construction materials include block, concrete, and stucco, with a flat roof. Facilities are served by public water and public sewer, with central heating and central air cooling that includes natural gas and electric options, as well as off-street parking.
This configuration offers a tenant-ready retail environment for day-to-day neighborhood-serving uses.
Key Highlights
- Anchored shopping center with Isle Mail & More offering U.S. mailing, mailbox rentals, and FedEx/UPS services
- Tenant mix includes Deluxe Nails, Padre Pizzeria, A Plus Cleaners, Cabana Pantry, Coastal Financial Services, and On Island Time
- International Dance Studio tenant for dance and exercise classes
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
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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 - Shopping center on S Padre Island Drive featuring an anchored mix of service and retail tenants.
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: Anchored shopping center with Isle Mail & More offering U.S. mailing, mailbox rentals, and FedEx/UPS services; Tenant mix includes Deluxe Nails, Padre Pizzeria, A Plus Cleaners, Cabana Pantry, Coastal Financial Services, and On Island Time; International Dance Studio tenant for dance and exercise classes
