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

    10425 Padre Island Dr Corpus Christi, TX 78418

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic HEB-adjacent land lease

    Property Features for 10425 Padre Island Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Spaces For Lease

    at 10425 Padre Island Dr, Corpus Christi, TX 78418 Contact us

    We can help!

    Listing Contact
    Lynann Pinkham
    Lynann Pinkham

    Listing Agency: Cravey Real Estate Services, Inc. Listing Agent: Lynann Pinkham

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 45,170 sq ft pad site presents a unique ground lease opportunity in Corpus Christi, Texas. Located at the highly visible intersection of Waldron and South Padre Island Drive (SPID), this 1.04-acre lot boasts a prime location directly facing one of Corpus Christi's largest HEB grocery stores. The CG-1 zoning allows for a variety of uses, including restaurants, medical facilities, and retail establishments. This is a rare opportunity to secure a highly desirable location on SPID, a major thoroughfare with exceptional traffic counts: 31,815 vehicles daily (eastbound) and 62,506 vehicles daily (westbound) in 2022. The site offers convenient access via two driveways/streets leading into the HEB Plus store. The property is offered as a ground lease only, with all construction costs borne by the tenant. Tenant is responsible for all property taxes. The surrounding area demonstrates strong demographics, with an average household income within a two-mile radius exceeding $93,874 (ESRI data). This is one of the last remaining pad sites along SPID, making it an exceptionally attractive investment. The annual ground lease rate is $125,000. Don't miss this chance to establish your business in a thriving Corpus Christi location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.281642
    Latitude
    27.66703

    Nearby Similar for Lease

    • New
      $5,995 /Mo
      3,887 SF

      Prime Commercial Space Available

      High-traffic commercial space in Southside Corpus Christi with ample parking.
      7009 S Staples St, Corpus Christi, TX 78413
      View Details
    • $8,100 /Mo
      5,000 SF

      Prime Commercial Building on Padre Island

      5,000 sq ft commercial building with high-traffic frontage.
      3225 S Padre Island Dr, Corpus Christi, TX 78415
      View Details
    • New
      $4,000 /Mo
      3,000 SF

      Waterfront Restaurant Opportunity

      Remodeled waterfront restaurant on the Intracoastal Waterway in Corpus Christi.
      4242 Laguna Shores Rd, Corpus Christi, TX 78418
      View Details
    • $7,995 /Mo
      5,711 SF

      Versatile Commercial Building on Padre Island

      5,711 sq ft commercial space with optional living area.
      3227 S Padre Island Dr, Corpus Christi, TX 78415
      View Details
    • $30 SF/Yr
      24,704 SF

      Premier Commercial Development For Lease

      High-visibility commercial development with flexible spaces for retail, medical, office.
      14202 Northwest Blvd, Corpus Christi, TX 78410
      View Details
    • New
      $1,500 /Mo
      1,005 SF

      Corpus Christi Commercial Gem

      Rare commercial property in vibrant Six Points area.
      1613 S Staples St, Corpus Christi, TX 78404
      View Details
    • $4,925 /Mo
      3,294 SF

      Renovated Office Suite For Lease

      Completely renovated, ADA-compliant office suite with flexible layout.
      700 Everhart Rd, Corpus Christi, TX 78411
      View Details
    • $2,250 /Mo
      1,394 SF

      Converted Home Zoned Commercial CN-2

      Converted home zoned CN-2 near Downtown Corpus Christi.
      939 Ayers St, Corpus Christi, TX 78404
      View Details
    • $400 /Mo
      6,484 SF

      Office Suites Near Downtown

      Flexible office suites in central Corpus Christi location for rent.
      3236 Reid Dr, Corpus Christi, TX 78404
      View Details
    • $2,500 /Mo
      2,206 SF

      Versatile Office Space For Lease

      Commercial property in revitalizing area, ideal for medical or general office.
      1011 Santa Fe St, Corpus Christi, TX 78404
      View Details
    • $2,750 /Mo
      1,734 SF

      Versatile Office Space For Rent

      Spacious office with ample parking and accessibility features.
      4942 Everhart Rd, Corpus Christi, TX 78411
      View Details
    • $7,500 /Mo
      10,000 SF

      Industrial Warehouse with Office Space

      Move-in ready warehouse with office space and truck access.
      3701 Apollo Rd, Corpus Christi, TX 78413
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic HEB-adjacent land lease
    Where is this land located?
    The property is located at 10425 Padre Island Dr Corpus Christi, TX.
    What are key features of this property?
    This property features: 1.04-acre pad site available for ground lease in Corpus Christi, TX, at the highly visible intersection of Waldron Rd. and S. Padre Island Dr.; Prime location directly across from a major HEB grocery store.; CG-1 zoning allows for various uses, including retail, restaurants, and medical facilities.
    (361) 288-3102 Call to check price and availability
    Request Owner's contact information
    10425 Padre Island Dr Corpus Christi, TX 78418
    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.
    10425 Padre Island Dr
    Corpus Christi, TX 78418
    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
    10425 Padre Island Dr Corpus Christi, TX 78418
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lynann Pinkham
    Lynann Pinkham
    Real Estate License ID: 319336
    (361) 288-3102 (361) 815-2155 (361) 289-5168
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!