Single-Tenant Retail
427 Nas Drive, Corpus Christi, TX 78418
For Sale
Contact for pricing
A sale-leaseback structure pairs the retail property with an operating business.
Property Size2,540 SF
Lot Size0.72 Acres
Price / SF$200
Days on Market8
Property Features for 427 Nas Drive
General Information
Standard status
Size
Lot size
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Cap Rate
Building Details
Buildings
Tenancy
Listing Agency:
Finial Group
Listed By:
Jack Gaffney
(713) 814-4921
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 10 at 5:19AM
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 Finial Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The freestanding retail building contains 2,540 square feet and sits on approximately 0.72 acres, or 31,363 square feet of land. It is configured for a single tenant and is offered through a sale-leaseback arrangement with the existing operating business. The stated capitalization rate is 8.00%. The property is located in Corpus Christi, Texas, near key traffic corridors and commercial activity.
Key Highlights
- 2,540‑square‑foot freestanding retail building
- Approximately 0.72 acres (31,363 square feet)
- Single‑tenant property offered through a sale‑leaseback
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,284
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,680
$585.7K
Cap Rate 7%
$418,343
$418.3K
Cap Rate 9%
$325,378
$325.4K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$45.7K $18.00/SF
− Vacancy
−$3.9K −$1.53/SF
EGI
$41.8K $16.47/SF
− OpEx
−$12.6K −$4.94/SF
NOI
$29.3K $11.53/SF
Area
ZIP 78418
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,680
Cap Rate 7%
$418,343
Cap Rate 9%
$325,378
Alternative Uses
Best Use
Retail
$418.3K
$366.1K – $488.1K
NOI $29,284 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$971.0K
$849.6K – $1.13M
NOI $67,968 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
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
$274,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Corpus Christi, TX
Properties on Market for Retail space in Corpus Christi
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A sale-leaseback structure pairs the retail property with an operating business.
Where is this retail space located?
The property is located at 427 Nas Drive Corpus Christi, TX.
What is the asking price?
The asking price for this property is $508,000.
What are key features of this property?
This property features: 2,540‑square‑foot freestanding retail building; Approximately 0.72 acres (31,363 square feet); Single‑tenant property offered through a sale‑leaseback
