Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    South Padre Island Commercial Space Title is generated by Realmo AI

    4001 Padre Blvd., South Padre Island, TX 78597

    View on Map
    Claim this Listing
    For Lease
    $6,853/Mo $15 SF/Yr (calc)

    COMMERCIAL - South Padre Island, TX

    Property size:
    5,482 SF
    Lot size:
    0.57 Acres
    Added:
    Nov 6, 2025
    Days on Market:
    198
    Last Refresh:
    May 23 at 3:06 pm

    Property Features for 4001 Padre Blvd.

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    comm
    Bathrooms
    4
    Rooms
    Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3
    Interior features
    Ceiling Fans, Fireplace
    Fireplace
    1
    Standard status
    Active
    Size
    5,482 SF
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    19045
    Expense value
    6000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Building Details

    Year built
    1982

    We can help!

    Listing Contact
    Josephine V. Salas
    Josephine V. Salas

    Listing agent Josephine V. Salas License #0418136

    Listing office Encore Fine Properties 3311 Padre Blvd Suite A, Sugar Land, TX

    Listing date Nov 6, 2025

    MLS# 104512

    Copyright © 2026 South Padre Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location on Padre Island's main commercial boulevard.
    • Large commercial space with spacious outside dining area.
    • Established restaurant history since 1982.
    • Landlord to make improvements to the building exterior and parking lot.
    • Tenant pays only 1/2 of the property taxes.
    • Interior features include ceiling fans and a fireplace.

    Overview

    This commercial space is located in South Padre Island, TX. The property, situated on Padre Island's commercial Boulevard, has functioned as a restaurant since its construction. The property offers a spacious outside dining area. The surrounding area includes multiple hotels. The property size is 5482 square feet and the lot size is 0.5739 acres. The zoning is commercial. The tenant is responsible for half of the property taxes and business liability insurance. The landlord intends to make improvements to the building's exterior and parking lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Karla's Katering — 5009 Padre Blvd, South Padre Island, TX 78597
    • South Padre Crab Box Co — 5312 Padre Blvd, South Padre Island, TX 78597

    Location Insight

    • Map
    • Local Demand
    City
    South Padre Island
    County
    Cameron
    State
    Texas
    Longitude
    -97.1701
    Latitude
    26.114499

    Nearby Similar for Lease

    • $500/Mo
      125 SF

      South Padre Island Office Space

      Centrally located office space on Padre Boulevard, South Padre Island.
      3311 W Padre Blvd., South Padre Island, TX 78597
      View Details
    • $400/Mo
      125 SF

      South Padre Island Office Space

      Office space for rent in South Padre Island, TX.
      3311 W Padre Blvd., South Padre Island, TX 78597
      View Details
    • $2,500/Mo
      1,000 SF

      Prime Commercial Space on Padre

      High-visibility commercial space in the heart of South Padre Island.
      1817 N Padre Blvd., South Padre Island, TX 78597
      View Details
    • $10,000/Mo
      4,550 SF

      South Padre Island Commercial Opportunity

      Income-producing mixed-use property in high-traffic tourist area.
      3800 Padre Blvd., South Padre Island, TX 78597
      View Details
    • $800/Mo
      750 SF

      South Padre Island Office Space

      Second floor office space available for lease in South Padre.
      5800 Padre Blvd., South Padre Island, TX 78597
      View Details
    • $8,000/Mo
      3,360 SF

      South Padre Island Commercial Building

      Commercial building with multiple offices, conference rooms, and parking.
      4405 Padre Blvd., South Padre Island, TX 78597
      View Details
    • $6,824/Mo
      4,549 SF

      South Padre Island Retail Opportunity

      Prime retail space with high visibility on South Padre Island.
      2201 Padre Blvd., South Padre Island, TX 78597
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant space with outdoor dining on main commercial strip.
    Where is this restaurant located?
    The property is located at 4001 Padre Blvd. South Padre Island, TX.
    What is the lease rate?
    The lease rate is $6,853 /Mo.
    What are key features of this property?
    This property features: Prime location on Padre Island's main commercial boulevard.; Large commercial space with spacious outside dining area.; Established restaurant history since 1982.
    (956) 551-0597
    We can help!
    Listing Contact
    Josephine V. Salas
    Josephine V. Salas
    Real Estate License ID: 0418136
    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
    4001 Padre Blvd., South Padre Island, TX 78597
    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!