Versatile Industrial Property on NAS
721 Nas Drive, Corpus Christi, TX 78418
SINGLE_FAMILY - Corpus Christi, TX
Type:Office
Property size:
8,899 SFLot size:
0.72 AcresPrice / SF:
$168/SF- Added:
- Jan 1, 2026
- Days on Market:
- 135
- Last Refresh:
- May 16 at 12:06 pm
Property Features for 721 Nas Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- IL
- Parking features
- Off Street, Covered
- Standard status
- Active
- APN
- 248700080265
- Size
- 8,899 SF
- Lot size
- 0.72 Acres
Taxes and HOA fees
- Tax Description
- FLOUR BLUFF ESTATES #2 BLK 8 LOT 26B
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1979
- Floors in Building
- 1
- Building materials
- MetalSiding
- Roof type
- Metal
Listing agent Stephanie Hastings License #0652300 (361) 779-1690
Listing office Keller Williams Coastal Bend 5402 S Staples St, Corpus Christi, TX (361) 225-7900
Listing date Jan 1, 2026
MLS# 468986
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.
HighLights
- Prime NAS Drive location offering strong connectivity and visibility with quick access to Waldron Road and SPID.
- Versatile light industrial property with three buildings totaling approximately 8,900 SF, suitable for various commercial and industrial uses.
- Building One features a balanced mix of warehouse (2,349.1 SF), showroom (1,215.9 SF), and climate‑controlled storage (935 SF).
- Functional layout and flexible space ideal for owner‑users or investors.
- Includes a secured yard and ample parking.
- Well‑suited for light industrial, distribution, service, or contractor operations.
Overview
Located on NAS Drive, this light industrial property features one lot with three buildings plus a covered loading area, suitable for various commercial and industrial uses. The property provides access, a functional layout, and flexible space for owner-users or investors. Building One totals approximately 4,500 square feet and includes a 2,349.1 square foot warehouse, a 1,215.9 square foot showroom, and a 935 square foot climate-controlled storage area. Building Two consists of a 3,200 square foot warehouse, while Building Three adds an additional 1,200 square foot warehouse. The property allows for operational flexibility, multiple tenants, or separate business functions. Situated in a prime location with access to Waldron Road and SPID, the property benefits from connectivity and visibility. Additional features include ample parking and a secured yard. The layout is suited for light industrial, distribution, service, or contractor operations. The property sits on a 0.72-acre lot and offers an opportunity for businesses seeking functionality, accessibility, and room to grow. The property contains 8,899 square feet of space.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.14M
NOI $102,597 @ 9.00% cap · cautious / downside scenario
Moderate
$1.47M
NOI $102,597 @ 7.00% cap · market / base-case scenario
Aggressive
$2.05M
NOI $102,597 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $160.2k | $18.00 |
| − Vacancy | −$13.6k | −$1.53 |
| EGI | $146.6k | $16.47 |
| − OpEx | −$44.0k | −$4.94 |
| NOI | $102.6k | $11.53 |
8,899 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.47M
$1.28M – $1.71M
NOI $102,597 @ 7.0% cap · market cap 6.84%
Second Best
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $83,919 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$3.40M
$2.98M – $3.97M
NOI $238,131 @ 7.0% cap · market cap 15.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Geocrete Waterfront Construction
Construction Company
Similar Places Nearby
- Overflow Garage — 1017 Waldron Rd, Corpus Christi, TX 78418
- Harbor Center — 10514 S Padre Island Dr, Corpus Christi, TX 78418
- Safeguard Mini Storage - Causeway — 10514 S Padre Island Dr, Corpus Christi, TX 78418
- Compton Road Boat Barns — https://www.boatbarnstx.com, 10217 Compton Rd, Corpus Christi, TX 78418
- Boat Stop Storage — 502 Graham Rd, Corpus Christi, TX 78418
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.279629
- Latitude
- 27.672161
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Light industrial property featuring multiple buildings in a prime location.
Where is this warehouse located?
The property is located at 721 Nas Drive Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime NAS Drive location offering strong connectivity and visibility with quick access to Waldron Road and SPID.; Versatile light industrial property with three buildings totaling approximately 8,900 SF, suitable for various commercial and industrial uses.; Building One features a balanced mix of warehouse (2,349.1 SF), showroom (1,215.9 SF), and climate‑controlled storage (935 SF).
