Multi-Building Flex
For Sale
$1,500,000
721 Nas Drive, Corpus Christi, TX 78418
CommercialSale, Corpus Christi, TX
Property Size8,899 SF
Lot Size0.72 Acres
Price / SF$168.56
Days on Market279
Property Features for 721 Nas Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
IL
Zoning description
IL
Parking features
Off Street, Covered
Subdivision
Flour Bluff Estates #2
Lot features
Interior Lot
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
Legal 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 Agency:
Keller Williams Coastal Bend · Keller Williams Realty
(361) 225-7900
Listed By:
Stephanie Hastings · License #0652300
(361) 779-1690
Added: Jan 1
Changed: Sep 21
Last Checked: Oct 7 at 11:06AM
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.
This flex-space property on 0.72 acres includes three separate buildings and a covered loading area. The first building combines a 2,349.1-square-foot warehouse, a 1,215.9-square-foot showroom, and 935 square feet of climate-controlled storage. Two additional warehouse buildings provide 3,200 square feet and 1,200 square feet, respectively. The improvements feature metal siding, metal roofing, central air, and electric and central heating.
Zoned IL, the property includes a secured yard, covered and off-street parking, and public water and sewer. Its position on NAS Drive provides access to Waldron Road and SPID in Corpus Christi. The configuration supports separate business functions, multiple occupants, or a single operation requiring warehouse, display, and conditioned areas.
Zoned IL, the property includes a secured yard, covered and off-street parking, and public water and sewer. Its position on NAS Drive provides access to Waldron Road and SPID in Corpus Christi. The configuration supports separate business functions, multiple occupants, or a single operation requiring warehouse, display, and conditioned areas.
Key Highlights
- Three‑building flex property with a covered loading area on 0.72 acres
- Building One includes a 2,349.1 SF warehouse, 1,215.9 SF showroom, and 935 SF climate‑controlled storage area
- Additional warehouses measure 3,200 SF and 1,200 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,919
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,678,380
$1.7M
Cap Rate 7%
$1,198,843
$1.2M
Cap Rate 9%
$932,433
$932.4K
Market Conditions
NOI Build-Up for 8,899 SF
Gross rent
$138.8K $15.60/SF
− Vacancy
−$9.7K −$1.09/SF
EGI
$129.1K $14.51/SF
− OpEx
−$45.2K −$5.08/SF
NOI
$83.9K $9.43/SF
Area
ZIP 78418
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,678,380
Cap Rate 7%
$1,198,843
Cap Rate 9%
$932,433
Alternative Uses
Best Use
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $83,919 @ 7.0% cap · market cap 5.59%
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
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
427
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Cclc/corpus Christi Liquor Catering — 1034 McIver St #102, Corpus Christi, TX 78418
Frequently Asked Questions
What type of property is this?
Flex space - Three-building commercial property with warehouse, showroom, conditioned storage, secured yard, and public utilities.
Where is this flex space 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: Three‑building flex property with a covered loading area on 0.72 acres; Building One includes a 2,349.1 SF warehouse, 1,215.9 SF showroom, and 935 SF climate‑controlled storage area; Additional warehouses measure 3,200 SF and 1,200 SF
