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    4901 Padre Blvd South Padre Island, TX 78597

    Sponsored
    For Sale
    $799,000

    Prime Location, Stable Income, NNN Lease

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 2,250 square-foot office building, situated on a highly visible corner at the intersection of Capricorn and Padre Boulevard in South Padre Island, Texas, presents a compelling investment opportunity. Constructed in 1992, the freestanding building boasts a prominent lighted sign ensuring maximum visibility and brand recognition. Currently configured as an office and counseling center, the property is occupied by a tenant under a triple-net (NNN) lease extending until March 2025, providing immediate and consistent cash flow for investors. The ample parking caters to both clients and staff, enhancing the property's overall appeal. Located in the heart of South Padre Island's bustling commercial district, this property benefits from its prime position on a major thoroughfare, ensuring high traffic volume and exposure. The flexible interior space allows for diverse uses, making it suitable for a variety of businesses. The asking price is $799,000. This property is ideal for investors seeking a stable income stream or owner-occupants looking for a high-profile location in a thriving market. The property's address is 4901 Padre Blvd., South Padre Island, TX 78597.

    Property Features for 4901 Padre Blvd

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1992

    HighLights

    • $799,000 asking price.
    • 2,250 sq ft office building.
    • Located on a highly visible corner at Capricorn and Padre Blvd in South Padre Island, TX.
    • Built in 1992.
    • Currently leased until March 2025 (NNN lease).
    • Ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Nail Salon Building Supply Realty agency Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    South Padre Island
    County
    CAMERON
    State
    Texas
    Longitude
    -97.1706015
    Latitude
    26.1214814

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Location, Stable Income, NNN Lease
    Where is this office property / space located?
    The property is located at 4901 Padre Blvd South Padre Island, TX.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: $799,000 asking price.; 2,250 sq ft office building.; Located on a highly visible corner at Capricorn and Padre Blvd in South Padre Island, TX.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    4901 Padre Blvd South Padre Island, TX 78597
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