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    726 Padre Island Dr Corpus Christi, TX 78406

    For Sale
    $5,250,000

    Corpus Christi Industrial Investment, High NOI

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a 15,000-square-foot warehouse situated within the Kingpin Industrial Park in Corpus Christi, Texas. Built in 2021, this single-story building boasts a desirable location with highway frontage, offering direct access to both N. Padre Island Drive and Flato Road. The property features approximately 3,000 square feet of office space, 10,500 square feet of warehouse space, and a 1,500-square-foot wash bay. The warehouse is equipped with robust infrastructure, including 480V 3-phase 600 AMP power, ten 14' x 16' electric overhead doors, and a 5-ton crane with 150' of travel. The expansive 3.749-acre lot is fully fenced and features a concrete paved yard. Currently leased to a quality national tenant under a long-term NNN lease agreement with 3.5% annual rent increases, this property offers a strong net operating income (NOI) of $289,230 and an attractive 5.51% cap rate. The asking price is $5,250,000. The property is zoned for light industrial use (IL), making it suitable for a variety of industrial operations. This is a rare opportunity to acquire a high-quality, income-producing industrial property in a prime Corpus Christi location. The property's size, features, and tenant occupancy make it an ideal addition to any investment portfolio. The APN is 7434-0002-0010.

    Property Features for 726 Padre Island Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    15,000 SF
    Lot Size
    163,306 SF

    Building Details

    Year Built
    2021
    Stories
    1

    HighLights

    • High‑traffic N. Padre Island Drive highway frontage.
    • National credit tenant with a long‑term lease in place.
    • 3.749‑acre site, fully fenced with a concrete paved yard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CUST-O-FAB Specialty Services, ... Construction And Maintenance Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel 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
    -97.4682842
    Latitude
    27.7768722

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    FAQs

    What type of property is this?
    Distribution property - Corpus Christi Industrial Investment, High NOI
    Where is this distribution property located?
    The property is located at 726 Padre Island Dr Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: High-traffic N. Padre Island Drive highway frontage.; National credit tenant with a long-term lease in place.; 3.749-acre site, fully fenced with a concrete paved yard.
    Request Owner's contact information
    726 Padre Island Dr Corpus Christi, TX 78406
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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
    726 Padre Island Dr Corpus Christi, TX 78406
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