Multi-Tenant Shopping
For Sale
$3,800,000
Pending
Corpus Christi, TX 78418, Corpus Christi, TX 78418
CommercialSale, Corpus Christi, TX
Property Size12,097 SF
Lot Size1.31 Acres
Days on Market370
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Security features
Security
Lot features
Corner Lot, Landscaped, Level
Subdivision
Mariners Cay
Standard status
Pending
Size
12,097 SF
Lot size
1.31 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Natural Gas
Cooling system
Central Air, Gas (Cooling), Electric
Water source
Public
Building Details
Year built
1996
Floors in Building
1
Number of units
9
Building materials
Block, Concrete, Stucco
Roof type
Flat
Listing Agency:
ARMANDO AVALOS REALTY, INC.
(361) 857-2220
Listed By:
Armando Avalos · License #0128102
(361) 816-2220
Added: Oct 10, 2025
Changed: Oct 8
Last Checked: Oct 14 at 1:06AM
MLS# 466160
Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 12,097-square-foot shopping center sits on a 1.31-acre parcel and was built in 1996. The property includes a varied roster of businesses serving North Padre Island, with Isle Mail & More as the anchor tenant. Its services include mail and shipping, mailbox rentals and office support. Other occupants provide nail care, pizza, dry cleaning and alterations, pantry goods and coffee, property management, financial services, and dance and exercise classes.
The center is in Corpus Christi, Texas, on North Padre Island. Building materials include block, concrete and stucco. Public water and sewer serve the property, and off-street parking is available.
The center is in Corpus Christi, Texas, on North Padre Island. Building materials include block, concrete and stucco. Public water and sewer serve the property, and off-street parking is available.
Key Highlights
- 12,097‑square‑foot shopping center on 1.31 acres
- Isle Mail & More is the anchor tenant, offering mailing, shipping, mailbox rental and office services
- Tenant mix includes dining, nail care, dry cleaning, pantry goods, property management, financial services and dance instruction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,132
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,222,640
$3.2M
Cap Rate 7%
$2,301,886
$2.3M
Cap Rate 9%
$1,790,356
$1.8M
Market Conditions
NOI Build-Up for 12,097 SF
Gross rent
$232.3K $19.20/SF
− Vacancy
−$17.4K −$1.44/SF
EGI
$214.8K $17.76/SF
− OpEx
−$53.7K −$4.44/SF
NOI
$161.1K $13.32/SF
Area
ZIP 78418
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,222,640
Cap Rate 7%
$2,301,886
Cap Rate 9%
$1,790,356
Alternative Uses
Best Use
Specialty Retail
$2.30M
$2.01M – $2.69M
NOI $161,132 @ 7.0% cap · market cap 4.24%
Second Best
Retail
$1.99M
$1.74M – $2.32M
NOI $139,466 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$4.62M
$4.05M – $5.40M
NOI $323,707 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78418, TX
31,787
Population
16,171
Households
2
Avg Household Size
42
Median Age
33%
College-Educated
91%
High-School Grad
73.3 sq mi
ZIP Area
434
Density / Sq Mi
$91,443
Median Household Income
$51,914
Median Earnings
$1,301
Median Rent
$274,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - The tenant mix spans everyday services, dining, personal care, financial services and dance instruction on North Padre Island.
Where is this shopping center located?
The property is located at Corpus Christi, TX.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 12,097‑square‑foot shopping center on 1.31 acres; Isle Mail & More is the anchor tenant, offering mailing, shipping, mailbox rental and office services; Tenant mix includes dining, nail care, dry cleaning, pantry goods, property management, financial services and dance instruction
