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    2626 S Padre Island Dr Corpus Christi, TX 78415

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    2626 S Padre Island Dr Corpus Christi, TX 78415

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    • Strip malls
    • 6,240 SF
    • 0.30 lot acres
    For Lease
    View Listing →
    Retail and Warehouse Space Available For Lease
    Contact for pricing
    9,800 SF

    Retail and Warehouse Space Available

    Versatile commercial space on South Padre Island Drive.

    2626 S Padre Island Dr, Corpus Christi, TX 78415
    View Listing
    Property ID
    US82-0416549
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Empire Furniture For Less / Furniture & Home Goods / Home Decor Store
    • Furniture Alley / Furniture & Home Goods / Home Decor Store

    Property Details for 2626 S Padre Island Dr

    Year built
    1979
    Lot size
    0.30 lot acres
    Property size
    6,240 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    5716-0003-0140
    APU
    571600030140

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.4226
    Latitude
    27.734
    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
    $10,118
    $118,125
    $356,615
    $474,740
    -
    $118,125
    $356,615
    $474,740

    Comparable in this City

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      6116 Ayers St, Corpus Christi, TX 78415-5633
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    • Value Estimation by Request
      7,700 SF

      4525 Kostoryz Rd

      SHOPPING CENTER, STRIP CENTER • 7,700 SF
      4525 Kostoryz Rd, Corpus Christi, TX 78415-5022
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    • Value Estimation by Request
      5,955 SF

      3222 Prt Ave

      SHOPPING CENTER, STRIP CENTER • 5,955 SF
      3222 Prt Ave, Corpus Christi, TX 78415-4415
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    • Value Estimation by Request
      3,885 SF

      2501 Padre Is Dr, Unit 2505

      SHOPPING CENTER, STRIP CENTER • 3,885 SF
      2501 Padre Is Dr, Corpus Christi, TX 78415-1803
      View Details
    • Value Estimation by Request
      5,500 SF

      3301 Ayers St

      SHOPPING CENTER, STRIP CENTER • 5,500 SF
      3301 Ayers St, Corpus Christi, TX 78415-4607
      View Details
    • Value Estimation
      $650,000
      14,500 SF

      4502 Kostoryz Rd

      SHOPPING CENTER, STRIP CENTER • 14,500 SF
      4502 Kostoryz Rd, Corpus Christi, TX 78415-5023
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,560 SF

      Corner Plaza Near London School

      Corner commercial plaza in growing Corpus Christi area for sale.
      1290 Fm 43, Corpus Christi, TX 78415
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    • $5,985,000
      24,560 SF

      London Area Plaza For Sale

      Corner plaza across from London School District, 100% leased.
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    • $1,795,000
      10,200 SF

      Corpus Christi Retail/Warehouse Opportunity

      Retail and warehouse building on South Padre Island Drive.
      2722 S Padre Island Dr, Corpus Christi, TX 78415
      View Details
    • Contact for pricing
      12,748 SF

      Ayers Street Multi-Use Facility

      Multi-use facility on Ayers near Saratoga, built in 2013.
      6110 Ayers St, Corpus Christi, TX 78415
      View Details
    • $525,000
      2,626 SF

      Versatile Commercial Building Near SPID

      Commercial building suitable for retail, office, medical, or restaurant use.
      5125 Carroll Ln, Corpus Christi, TX 78415
      View Details
    • Contact for pricing
      852 SF

      Commercial Lot on South Port

      High-visibility commercial lot with frontage on South Port Avenue.
      4014 S Port Ave, Corpus Christi, TX 78415
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      47,000 SF Shopping Center Suites

      Shopping center with 29 rental suites and drive-thru convenience store.
      4701 Ayers St, Corpus Christi, TX 78415
      View Details
    • Contact for pricing

      Retail Space on Saratoga Boulevard

      Retail space with high traffic and pylon signage available.
      3801 Saratoga Blvd, Corpus Christi, TX 78415
      View Details
    • Contact for pricing
      10,000 SF

      Showroom and Warehouse Space Available

      8,000 SF showroom and 2,000 SF warehouse space for lease.
      2650-2702 S Padre Island Dr, Corpus Christi, TX 78415
      View Details
    • $2,500 /Mo
      1,400 SF

      Prime Retail Space Available

      Retail space with great visibility on South Padre Island Drive.
      3403 S Padre Island Dr, Corpus Christi, TX 78415
      View Details
    • Contact for pricing

      Former Car Dealership For Lease

      Corner location in Corpus Christi with high traffic volume.
      3420 S Padre Island Dr, Corpus Christi, TX 78415
      View Details
    • $8,100 /Mo
      5,000 SF

      Prime Commercial Building on Padre Island

      5,000 sq ft commercial building with high-traffic frontage.
      3225 S Padre Island Dr, Corpus Christi, TX 78415
      View Details
    View Listing
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    Corpus Christi, TX 78415
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    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
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