4901 Padre Blvd South Padre Island, TX 78597
- Commercial real estate
- 2,250 SF
- 0.22 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4901 Padre Blvd
- Year built
- 1992
- Lot size
- 0.22 lot acres
- Property size
- 2,250 SF
- Zone code
- C
- Property type
- Commercial real estate
- APN
- 67-6400-1510-0080-00
- APU
- 6764001510008000
Description
This exceptional 2,250 square-foot office building, situated on a highly visible corner at the intersection of Capricorn and Padre Boulevard in South Padre Island, Texas, presents a compelling investment opportunity. Constructed in 1992, the freestanding building boasts a prominent lighted sign ensuring maximum visibility and brand recognition. Currently configured as an office and counseling center, the property is occupied by a tenant under a triple-net (NNN) lease extending until March 2025, providing immediate and consistent cash flow for investors. The ample parking caters to both clients and staff, enhancing the property's overall appeal. Located in the heart of South Padre Island's bustling commercial district, this property benefits from its prime position on a major thoroughfare, ensuring high traffic volume and exposure. The flexible interior space allows for diverse uses, making it suitable for a variety of businesses. The asking price is $799,000. This property is ideal for investors seeking a stable income stream or owner-occupants looking for a high-profile location in a thriving market. The property's address is 4901 Padre Blvd., South Padre Island, TX 78597.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $410,000
- 6.5%
- $430,000
- 7%
- $380,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $465,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $395,000
- Retail
- $420,000
- Mixed-Use
- $345,000
- Hospitality
- $415,000
- Educational
- $470,000
- Residential Income
- $380,000
- Energy
- $430,000
- Income-Based Land
- $385,000
- Food Service
- $395,000
Location Insight
- Map
- Local Demand
- City
- South Padre Island
- County
- Cameron
- State
- Texas
- Longitude
- -97.1706
- Latitude
- 26.1215
- CBSA code
- 15180
- CBSA name
- BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA