Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    317 Padre Island Dr Corpus Christi, TX 78405

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    317 Padre Island Dr Corpus Christi, TX 78405

    View on Map
    • Warehouses
    • 12,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 317 Padre Island Dr

    Property size
    12,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 12,000-square-foot warehouse in Corpus Christi, Texas, presents a significant opportunity for businesses seeking a versatile industrial space. Located at 317 S Padre Island Dr, in Nueces County, zip code 78405, this single-tenant property offers ample room for operations and storage. The building boasts a 31'7" clear height to the eaves, providing significant vertical space. Access is convenient with two 16' x 16' overhead drive-in doors. This is building "B" of a two-building development and is available for immediate occupancy or build-to-suit options to meet specific tenant requirements. The office space dimensions are adaptable to accommodate the tenant's needs. Its versatile design makes it suitable for a range of uses, including retail, office/showroom, and general industrial applications. The property's prime location in Corpus Christi offers excellent access to transportation networks and a thriving local economy. This is a rare opportunity to secure a substantial, well-located warehouse in a dynamic market. Contact us today to learn more about this exceptional property and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.4652
    Latitude
    27.7608

    Comparable in this City

    • Value Estimation by Request
      9,660 SF

      5560 Kingpin Dr

      Distribution properties • 9,660 SF
      5560 Kingpin Dr, Corpus Christi, TX 78405
      View Details
    • Value Estimation by Request

      5564 Park Pid Rd

      Distribution properties
      5564 Park Pid Rd, Corpus Christi, TX 78405
      View Details
    • Value Estimation by Request
      15,000 SF

      449 Flato Rd

      Distribution properties • 15,000 SF
      449 Flato Rd, Corpus Christi, TX 78405
      View Details
    • Value Estimation by Request
      11,750 SF

      5509 Kingpin Dr

      Distribution properties • 11,750 SF
      5509 Kingpin Dr, Corpus Christi, TX 78405
      View Details
    • Value Estimation by Request
      12,000 SF

      5560 Bates Rd

      Distribution properties • 12,000 SF
      5560 Bates Rd, Corpus Christi, TX 78405
      View Details
    • Value Estimation by Request
      13,500 SF

      121-217 44Th St

      Distribution properties • 13,500 SF
      121-217 44Th St, Corpus Christi, TX 78405
      View Details

    Similar Nearby for Sale

    • $2,600,000
      9,660 SF

      Corpus Christi Warehouse Investment

      High-yield NNN lease, strong tenant.
      5560 Kingpin Dr, Corpus Christi, TX 78405
      View Details
    • $475,000
      3,289 SF

      Dual-Building Commercial Property in Corpus Christi

      Turn-key headquarters for service-based businesses with office and warehouse space.
      4325 Agnes St, Corpus Christi, TX 78405
      View Details
    • Contact for pricing
      3,600 SF

      Versatile Warehouse with Office Space

      Warehouse with office space, storage, and extra parking.
      4818 Gemini St, Corpus Christi, TX 78405
      View Details
    • Contact for pricing
      14,390 SF

      Corpus Christi Industrial Property For Sale

      High-demand industrial property with fenced yard, leased to regional company.
      2556 Agnes St, Corpus Christi, TX 78405
      View Details
    • $210,000
      4,500 SF

      Commercial Building with Office and Warehouse

      4,500 sq ft building on 0.24-acre lot for sale.
      2828 Cleo St, Corpus Christi, TX 78405
      View Details
    • Contact for pricing
      25,500 SF

      Corpus Christi Industrial Investment Property

      25,500 SF industrial property in Corpus Christi, Texas.
      650 Flato Rd, Corpus Christi, TX 78405
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      12,621 SF

      Industrial Space Near Corpus Christi Port

      Industrial warehouse space with covered dock and multiple overhead doors.
      1524 N Port Ave, Corpus Christi, TX 78405
      View Details
    • Contact for pricing

      Corpus Christi Flex Space Available

      Flex space available for rent in a central location.
      4802 Neptune St, Corpus Christi, TX 78405
      View Details
    • Contact for pricing
      4,775 SF

      Corpus Christi Industrial Warehouse Space

      Industrial warehouse space for lease in Corpus Christi, Texas.
      4201 Agnes St, Corpus Christi, TX 78405
      View Details
    • $1.00 SF/Yr
      4,509 SF

      Warehouse Space with Dock Access

      Warehouse space featuring tilt wall construction and dock high access.
      5655 Bear Ln, Corpus Christi, TX 78405
      View Details
    • Contact for pricing

      Industrial Property with Crane Access

      Versatile industrial space featuring crane, wash bay, and ample yard.
      449 Flato Rd, Corpus Christi, TX 78405
      View Details
    • Contact for pricing
      5,000 SF

      Updated Warehouse with Fenced Yard

      Clean, updated warehouse with office, fenced yard, easy access.
      142 44Th St, Corpus Christi, TX 78405
      View Details
    Request Owner's contact information
    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.
    317 Padre Island Dr
    Corpus Christi, TX 78405
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!