Turnkey Restaurant Retail
For Sale
$348,000
602 Nas Drive, Corpus Christi, TX 78418
COMMERCIAL - Corpus Christi, TX
Property Size1,938 SF
Lot Size0.10 Acres
Price / SF$179.57
Days on Market96
Property Features for 602 Nas Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Flour Bluff Estates #2
Lot features
Corner Lot
Standard status
Active
APN
248700030100
Size
1,938 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
FLOUR BLUFF ESTATES #2 BLK 3 LOT 10A
Legal Description
FLOUR BLUFF ESTATES #2 BLK 3 LOT 10A
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Water source
Public
Building Details
Year built
1994
Floors in Building
1
Roof type
Shingle
Listing Agency:
Keller Williams Coastal Bend · Keller Williams Realty
(361) 225-7900
Listed By:
Will Storbeck · License #0722582
(361) 249-4770
Added: Apr 27
Changed: Jul 14
Last Checked: Jul 31 at 6:06AM
MLS# 475358
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 fully renovated, code-compliant building is presented as a turnkey retail and restaurant space, with no prior opening. The layout includes a custom buildout with two restrooms, including an ADA-compliant restroom, and a complete commercial kitchen package. Kitchen equipment listed includes a vent hood system, walk-in cooler with an internal refrigerator, reach-in refrigeration, a 48-inch fryer, dishwasher, and a three-compartment sink. Major improvements noted include a new grease trap, 200 amp electrical service, new water meter line, mini split HVAC, and an Ansul fire suppression system, with final city clearance to be provided for future COO.
The property is located at 602 Nas Drive in Corpus Christi, Texas (78418).
The property is located at 602 Nas Drive in Corpus Christi, Texas (78418).
Key Highlights
- Fully built‑out retail/restaurant space in Flour Bluff with commercial kitchen and vent hood system
- Complete commercial kitchen includes walk‑in cooler, reach‑in refrigeration, 48" fryer, dishwasher, and 3‑compartment sink
- New grease trap, 200 amp electrical service, and new water meter line
Financial Insights For Specialty 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 | $37.2k | $19.20 |
| − Vacancy | −$2.8k | −$1.44 |
| EGI | $34.4k | $17.76 |
| − OpEx | −$8.6k | −$4.44 |
| NOI | $25.8k | $13.32 |
1,938 SF · lease $19.20/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$368.8K
$322.7K – $430.2K
NOI $25,814 @ 7.0% cap · market cap 7.42%
Second Best
Retail
$319.2K
$279.3K – $372.4K
NOI $22,343 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$740.8K
$648.2K – $864.3K
NOI $51,859 @ 7.0% cap · market cap 14.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Under-served
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully built-out, renovated space with a commercial kitchen, ADA restroom, and ADA-compliant fire suppression.
Where is this conventional restaurant located?
The property is located at 602 Nas Drive Corpus Christi, TX.
What is the asking price?
The asking price for this property is $348,000.
What are key features of this property?
This property features: Fully built‑out retail/restaurant space in Flour Bluff with commercial kitchen and vent hood system; Complete commercial kitchen includes walk‑in cooler, reach‑in refrigeration, 48" fryer, dishwasher, and 3‑compartment sink; New grease trap, 200 amp electrical service, and new water meter line
