Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Lot in Flour Bluff Title is generated by Realmo AI

    3201 Jamaica Dr, Corpus Christi, TX 78418

    View on Map
    Claim this Listing
    For Sale
    $159,900

    Oversized waterfront lot ready for development in Corpus Christi.

    Type:Land
    Lot size:
    0.30 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    73
    Last Refresh:
    May 25 at 11:09 pm

    Property Features for 3201 Jamaica Dr

    General Information

    Standard status
    Active
    Lot size
    0.30 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Robert Salinas

    Listing agent Robert Salinas License #0530889

    Listing office Home Team of America

    Listing date Mar 27, 2026

    Source Exprealty

    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 Home Team of America

    HighLights

    • Over 70 feet of private canal frontage.
    • Oversized 0.3‑acre waterfront lot in Tropic Isles.
    • Lot is cleared and level, ready for new construction.
    • Existing driveway and slab provide immediate utility and cost savings.
    • Brand new perimeter fence and gate for security.
    • Located in Flour Bluff with top‑rated schools and quick Laguna Madre access.

    Overview

    This 0.3-acre waterfront property features over 70 feet of private canal frontage. Located on Jamaica Drive, the lot has been prepared for development, with the previous structure and pool removed, leaving a clean, level site. An existing driveway and slab are present, potentially serving as a foundation for a new garage, workshop, or coastal retreat. A new perimeter fence and gate have been installed. The property is located in Flour Bluff, offering access to schools and Laguna Madre.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Building Supply Gym & Fitness Center Daycare Center Skin Care Clinic Auto Repair Shop Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.296171
    Latitude
    27.630631

    Nearby Similar for Sale

    • $1,995,000
      7,200 SF

      High-Visibility Corner Commercial Building

      Freestanding building with showroom, mezzanine, and ample parking.
      2818 Rodd Field Road, Corpus Christi, TX 78414
      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
    • $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
    • $1,199,000
      11,938 SF

      The Ranch Motel Opportunity

      Commercial hospitality property with 27 rooms in Corpus Christi, TX.
      4206 Leopard Street, Corpus Christi, TX 78408
      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
    • $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
    • $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
    • $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
    • $1,675,000
      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
    • $1,690,000
      12,100 SF

      Multi-Building Commercial Property on 0.95 Acres

      12,100 SF multi-building commercial property with established tenants.
      5502 Burnham Drive, Corpus Christi, TX 78413
      View Details
    • $2,300,000
      8,410 SF

      New Corpus Christi Event Center

      Energy-efficient venue ready for weddings, services, theatre, and more.
      6606 Jefferson, Corpus Christi, TX 78414
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Oversized waterfront lot ready for development in Corpus Christi.
    Where is this waterfront land located?
    The property is located at 3201 Jamaica Dr Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: Over 70 feet of private canal frontage.; Oversized 0.3‑acre waterfront lot in Tropic Isles.; Lot is cleared and level, ready for new construction.
    (210) 872-6805
    We can help!
    Listing Contact
    Robert Salinas
    Real Estate License ID: 0530889
    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
    3201 Jamaica 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!