Light Industrial Property with Three
721 Nas Drive Corpus Christi, TX 78418
For Sale
$1,500,000
SINGLE_FAMILY - Corpus Christi, TX
Property Size8,899 SF
Lot Size0.72 Acres
Price / SF$168.56
Days on Market209
Property Features for 721 Nas Drive
General Information
Property type
Residential
Property subtype
Office
Zoning
IL
Parking features
Covered, Off Street
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
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Keller Williams Coastal Bend
(361) 225-7900
Listed By:
Stephanie Hastings · License #0652300
(361) 779-1690
Added: Jan 1
Changed: Jul 29
Last Checked: Jul 29 at 4:06AM
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.
Investment Insights
Based on property information with market context.
721 NAS Drive is a light industrial property on one lot with three buildings and a covered loading area. Building One totals approximately 4,500 square feet and includes a warehouse area, a showroom, and climate-controlled storage. Building Two provides approximately 3,200 square feet of warehouse space, and Building Three adds approximately 1,200 square feet of additional warehouse space, creating flexibility for multiple functions or users.
The property is described as offering excellent access, with quick connectivity to Waldron Road and SPID. Additional site features include ample parking and a secured yard, supporting contractor, service, and distribution-oriented operations.
With its mix of warehouse, showroom, and conditioned storage space plus multiple warehouse structures, the layout is positioned for light industrial and related uses requiring both functional workspace and adaptable building configurations.
The property is described as offering excellent access, with quick connectivity to Waldron Road and SPID. Additional site features include ample parking and a secured yard, supporting contractor, service, and distribution-oriented operations.
With its mix of warehouse, showroom, and conditioned storage space plus multiple warehouse structures, the layout is positioned for light industrial and related uses requiring both functional workspace and adaptable building configurations.
Key Highlights
- Light industrial property at 721 NAS Drive with 1 lot and 3 buildings plus a covered loading area
- Building One: approx. 4,500 SF total with 2,349.1 SF warehouse, 1,215.9 SF showroom, and 935 SF climate‑controlled storage
- Additional space: Building Two has a 3,200 SF warehouse and Building Three has a 1,200 SF warehouse
Financial Insights For 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 | $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 Uses
Best Use
Retail
$1.47M
$1.28M – $1.71M
NOI $102,597 @ 7.0% cap · market cap 6.84%
Second Best
Warehouse
$1.03M
$904.6K – $1.21M
NOI $72,371 @ 7.0% cap · market cap 4.82%
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market 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
Frequently Asked Questions
What type of property is this?
Warehouse - Light industrial site with one lot, three warehouses, a showroom, climate-controlled storage, ample parking, and a secured yard.
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: Light industrial property at 721 NAS Drive with 1 lot and 3 buildings plus a covered loading area; Building One: approx. 4,500 SF total with 2,349.1 SF warehouse, 1,215.9 SF showroom, and 935 SF climate‑controlled storage; Additional space: Building Two has a 3,200 SF warehouse and Building Three has a 1,200 SF warehouse
