Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10338 S Padre Island Dr Corpus Christi, TX 78418

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    8,775 square foot shopping center in Flour Bluff.

    Type:Retail
    Property size:
    8,775 SF
    Added:
    Aug 15, 2018
    Days on Market:
    2796
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 10338 S Padre Island Dr

    General Information

    Standard status
    Active
    Size
    8,775 SF
    Property subtype
    Retail

    Spaces For Lease

    at 10338 S Padre Island Dr Contact us

    E $15 /Mo

    Size
    975 SF
    Type
    Retail
    Contact us

    F $15 /Mo

    Size
    1,300 SF
    Type
    Retail
    Contact us

    C $15 /Mo

    Size
    1,430 SF
    Type
    Retail
    Contact us

    G $15 /Mo

    Size
    1,300 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Lynann Pinkham

    Listing agent Lynann Pinkham License #TX 319336

    Listing office Cravey Real Estate Services Inc

    Listing date Aug 15, 2018

    Source Crexi

    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 Cravey Real Estate Services Inc

    Overview

    Flour Bluff Shopping Center Space

    This 8,775 square foot shopping center is located in Flour Bluff. It shares a parking lot with Automatic Pawn. The available spaces are second-generation lease spaces. The property presents opportunities for various businesses, including medical offices, sandwich shops, and ice cream parlors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Roy L. ... Dental Office Papa John's Pizza Restaurant Tronix Games Arcade & Gaming Center Mad Monkey Vape ... (Bike/Boat/Book/etc) Store Automatic Pawn Discount Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Day & Night Boardwalk Shopping Center — John F Kennedy Memorial Causeway, Corpus Christi, TX 78418
    • Compass Plaza — 14646 Compass St, Corpus Christi, TX 78418

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.282749
    Latitude
    27.669531

    Nearby Similar for Lease

    • Contact for pricing

      Converted Home Zoned Commercial

      Commercial property near Downtown Corpus Christi, ideal for small business.
      939 Ayers Street, Corpus Christi, TX 78404
      View Details
    • Contact for pricing

      Waterfront Restaurant Opportunity in Corpus

      Remodeled waterfront restaurant with Intracoastal Waterway views for lease.
      4242 Laguna Shores, Corpus Christi, TX 78418
      View Details
    • Contact for pricing

      Prime Commercial Building on Padre Island

      5,000 sq ft commercial building with high-traffic frontage.
      3225 S Padre Island Drive, Corpus Christi, TX 78415
      View Details
    • Contact for pricing

      Corpus Christi Commercial Unit For Lease

      Versatile commercial unit with open layout and high ceilings.
      5801 Patton Street unit: 109, Corpus Christi, TX 78414
      View Details
    • Contact for pricing

      Office Suites Near Downtown

      Flexible office suites in central Corpus Christi location for rent.
      3236 Reid Drive, Corpus Christi, TX 78404
      View Details
    • Contact for pricing

      New Event Center For Lease

      8,410 sq ft event center in prime Corpus Christi location.
      6606 Jefferson, Corpus Christi, TX 78414
      View Details
    • Contact for pricing

      Functional Commercial Space For Rent

      Commercial space featuring a functional layout with parking.
      4917 Williams Drive, Corpus Christi, TX 78411
      View Details
    • Contact for pricing

      Prime Commercial Space, Corpus Christi

      High-visibility commercial space for lease in Corpus Christi.
      1301 S Staples Street, Corpus Christi, TX 78404
      View Details
    • Contact for pricing

      Functional Office Suite in Corpus

      Well-appointed office suite with functional layout in historic building.
      921 N Chaparral Street unit: 100, Corpus Christi, TX 78401
      View Details
    • Contact for pricing

      Port Avenue Commercial Flex Space

      1,100 SF flex space on high-traffic Port Avenue.
      3902 S Port Avenue unit: 2, Corpus Christi, TX 78415
      View Details
    • Contact for pricing

      Retail Space in Corpus Christi

      Modern retail space in a high-traffic Corpus Christi location.
      5902 Yorktown Boulevard unit: B102, Corpus Christi, TX 78414
      View Details
    • Contact for pricing

      Commercial Office Space Available

      Functional office space ideal for medical, law firms, or startups.
      5959 S Staples Street, Corpus Christi, TX 78413
      View Details

    FAQs

    What type of property is this?
    Shopping center - 8,775 square foot shopping center in Flour Bluff.
    Where is this shopping center located?
    The property is located at 10338 S Padre Island Dr Corpus Christi, TX.
    What are key features of this property?
    This property features: 8,775 square foot shopping center.; Located in Flour Bluff.; Adjacent to Automatic Pawn.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lynann Pinkham
    Real Estate License ID: TX 319336
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!