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Property summary
This exceptional investment opportunity presents a 6,500 square foot, fully-leased retail shopping center in Aransas Pass, Texas. Built in 2013, this two-story, single-building property sits on a 0.76-acre lot at 361 S Commercial St, 78336, and boasts five tenants under gross lease agreements. The property enjoys a 9% cap rate with a current NOI of $67,084, and an asking price of $750,000. Current rents are below market, offering significant potential for rental increases. The property benefits from a high-traffic location, exceeding 22,000 cars daily, situated on a signalized corner adjacent to a major grocery store and gas station. This prime location within the Corpus Christi MSA ensures strong tenant demand and consistent traffic. Two tenants also contribute billboard income under long-term leases. The majority of leases are short-term, providing immediate opportunities to capitalize on market rent increases. This presents a compelling investment opportunity with strong potential for future growth and profitability. The property's location within the thriving Corpus Christi MSA, combined with its high occupancy rate and below-market rents, makes it an attractive investment for discerning buyers.
Property profile
VerifiedCap rate & NOI
Current use
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Hardware & Home Improvement
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Barber Shop
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Advertising Agency Marketing & Advertising
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Roofing Company General Contractor
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Mobile Phone Store Electronics & Wireless Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Aransas Pass market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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