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Property profile & analytics

1153 S Padre Island Dr Corpus Christi, TX 78416

  • Commercial real estate
  • 3,380 SF
  • 0.29 lot acres
For Sale
Last Sale
Mar 16, 2021
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US82-3480281
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Cycletown Motorsports / Auto Repair Shop / Motorcycle Shop
  • Oiltrell / Engineer

Property Details for 1153 S Padre Island Dr

Year built
1999
Lot size
0.29 lot acres
Property size
3,380 SF
Zone code
I-2
Property type
Commercial real estate
APN
1690-0004-0020
APU
169000040020

Description

This completely remodeled commercial property at 1153 S Padre Island Dr, Corpus Christi, TX 78416, offers exceptional income potential and versatility. The asking price is $609,900. This mixed-use building, classified as flex and traditional office space, boasts a prime location with amazing frontage. The structure underwent a complete renovation, including new siding, roof, wiring, plumbing, insulation, sheetrock, and lighting. Improvements also include a new electric sliding glass door, a central HVAC system, and a second bathroom with all new fixtures. Additional concrete was poured for expanded parking, and new security fencing with a gate and surveillance cameras enhances security. The main building features air-conditioned office, showroom, and shop areas. A detached structure includes three garage bays, each with a door entrance, a large covered carport, and freshly painted garage doors. A car wash pit is also present on the property. The property includes a Lamar billboard signage contract generating $3,000 annually. The building features two offices, two bathrooms, a showroom, and four garage bays, providing ample space for various business uses. Currently vacant, this property presents a unique opportunity for immediate occupancy and revenue generation. The building's extensive renovations and strategic location make it an attractive investment opportunity.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $325,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $570,000
    6.5%
    $525,000
    7%
    $490,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $662,000
    Market price range: $128k - $663k
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $385,000
    Current use
    OFFICE BUILDING
    $415,000
    Change: +8% Conversion: Easy
    AUTO REPAIR, GARAGE
    $405,000
    Change: +5% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Corpus Christi
County
Nueces
State
Texas
Longitude
-97.4492
Latitude
27.7458
CBSA code
18580
CBSA name
CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,163
$91,017
$424,037
$515,054
-
$91,017
$424,037
$515,054
More about this property
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