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    5230 Kostoryz Rd Corpus Christi, TX 78415

    For Sale
    Contact for pricing

    25,342 SF Shopping Center, Value-Add Opportunity

    Property size:
    25,342 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 25,342-square-foot retail shopping center presents a compelling value-add investment opportunity in the thriving Corpus Christi, Texas market. Located at 5230 Kostoryz Rd, 78415, this single-story, 1984-built property boasts a prime location in south Corpus Christi, conveniently situated less than a quarter-mile from State Highway 358 (South Padre Island Drive). The center benefits from its proximity to significant new residential and retail developments, ensuring strong potential for future growth. The property is zoned for commercial use and offers ample parking with 111 spaces, providing convenient access for shoppers and tenants. Corpus Christi, the county seat of Nueces County and Texas's 8th largest city, boasts an estimated population of 350,000, experiencing a 0.57% growth since 2021. The city's robust economy is anchored by the Port of Corpus Christi (the 3rd largest in the U.S. by tonnage) and the Naval Air Station Corpus Christi (the city's largest employer, with 6,200 jobs). The larger Corpus-Kingsville Combined Statistical Area demonstrates a growing population exceeding 500,000, further solidifying the area's strong economic outlook and the potential for increased tenant demand. This multi-tenant shopping center offers a unique chance to capitalize on the region's continued expansion and strong economic fundamentals.

    Property Features for 5230 Kostoryz Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    25,342 SF

    Building Details

    Year Built
    1984
    Stories
    1

    HighLights

    • 111 parking spaces available.
    • 25,342 square foot retail building.
    • Less than a quarter mile from State Highway 358 (South Padre Island Drive).
    • Value‑add opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Joe Morales Insurance Health Insurance Agency On Point Barbershop Barber Shop Bird's Rubber Stamps Rubber Stamp Store Neil's Mi Amor Fusion Restaurant Quik Wash Laundromat

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.414588248859
    Latitude
    27.726047663024

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    FAQs

    What type of property is this?
    Lifestyle center - 25,342 SF Shopping Center, Value-Add Opportunity
    Where is this lifestyle center located?
    The property is located at 5230 Kostoryz Rd Corpus Christi, TX.
    What are key features of this property?
    This property features: 111 parking spaces available.; 25,342 square foot retail building.; Less than a quarter mile from State Highway 358 (South Padre Island Drive).
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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
    5230 Kostoryz Rd Corpus Christi, TX 78415
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