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    4300 S Padre Island Dr Corpus Christi, TX 78411
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    4300 S Padre Island Dr Corpus Christi, TX 78411

    View on Map
    • Strip malls
    • 22,140 SF
    For Lease
    $1,575,000
    View Listing →
    High-Visibility Commercial Space on SPID For Lease
    $1,575,000

    High-Visibility Commercial Space on SPID

    Adaptable commercial space on South Padre Island Drive.

    4300 S Padre Island Dr, Corpus Christi, TX 78411
    View Listing
    Property ID
    US82-2940514
    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
    $1,575,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • DaVita Coastal At Home / Medical Clinic
    • Altus Hospice- Corpus Christi / Nursing Home
    • NRI / Medical Clinic
    • STONEWATER PROPERTIES / Business Service Center / Corporate Office
    • Jitka Zdvihalova Photography / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 4300 S Padre Island Dr

    Year built
    1984
    Property size
    22,140 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    9689-0001-0011
    APU
    968900010011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,320,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,827,000
      Market price range: $677k - $1.83M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,275,000
      Current use
      RESTAURANT
      $1,870,000
      Change: +47% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,250,000
      Change: -2% Conversion: Difficult
      RETAIL STORES
      $1,135,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.392
    Latitude
    27.7192
    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
    $73,387
    $0.00
    $3,443,322
    $3,443,322
    -
    $0.00
    $3,443,322
    $3,443,322

    Comparable in this City

    • Value Estimation by Request
      6,716 SF

      4706 Corona Dr

      SHOPPING CENTER, STRIP CENTER • 6,716 SF
      4706 Corona Dr, Corpus Christi, TX 78411-4455
      View Details
    • Value Estimation by Request
      4,600 SF

      5205 Embassy Dr

      SHOPPING CENTER, STRIP CENTER • 4,600 SF
      5205 Embassy Dr, Corpus Christi, TX 78411-4357
      View Details
    • Value Estimation by Request
      9,900 SF

      5522 Everhart Rd

      SHOPPING CENTER, STRIP CENTER • 9,900 SF
      5522 Everhart Rd, Corpus Christi, TX 78411-4947
      View Details
    • Value Estimation by Request
      4,289 SF

      5141 Weber Rd, Unit 5145

      SHOPPING CENTER, STRIP CENTER • 4,289 SF
      5141 Weber Rd, Corpus Christi, TX 78411-4539
      View Details
    • Value Estimation by Request
      3,915 SF

      3822 Staples St

      SHOPPING CENTER, STRIP CENTER • 3,915 SF
      3822 Staples St, Corpus Christi, TX 78411-2348
      View Details
    • Value Estimation
      $940,000
      18,192 SF

      3636 Alameda St

      SHOPPING CENTER, STRIP CENTER • 18,192 SF
      3636 Alameda St, Corpus Christi, TX 78411-1723
      View Details

    Similar Nearby for Sale

    • $550,000
      3,900 SF

      Retail Center on High-Traffic Weber

      Income-producing retail center with long-term tenants in prime location.
      5620-5622 Weber Rd, Corpus Christi, TX 78411
      View Details
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      42,864 SF

      Urban Air Adventure Park Investment

      NNN leased Urban Air in Corpus Christi, Texas.
      4701 S Staples St, Corpus Christi, TX 78411
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    • $375,000
      0.25 Acres

      Corpus Christi Land For Sale

      Corner lot with office building and parking in high-traffic area.
      5138 Williams Dr, Corpus Christi, TX 78411
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    • $1,000,000
      7,170 SF

      Prime Commercial Building on Everhart

      7,170 SF commercial building in a high-traffic Corpus Christi location.
      4929 Everhart Rd, Corpus Christi, TX 78411
      View Details
    • $750,000
      2,400 SF

      Former Convenience Store For Sale

      Freestanding 2,400 SF former Stripes convenience store.
      3802 S Staples St, Corpus Christi, TX 78411
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    • $750,000
      2,400 SF

      Former Convenience Store For Sale

      2,400 SF former convenience store available for purchase.
      3802 S Staples St, Corpus Christi, TX 78411
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    Similar Nearby for Lease

    • Contact for pricing
      10,001 SF

      Corpus Christi Retail Center Space

      Regional shopping center with frontage on SPID in Corpus Christi.
      4914 S Padre Island Dr, Corpus Christi, TX 78411
      View Details
    • Contact for pricing
      1,664 SF

      Retail Space Near La Palmera

      Retail space available near La Palmera Mall.
      4100-4124 S Staples St, Corpus Christi, TX 78411
      View Details
    • $18 SF/Yr
      42,000 SF

      Parkdale Plaza Retail Center

      Prime Retail Space, Nueces County
      4117 Staples St, Corpus Christi, TX 78411
      View Details
    • Contact for pricing

      Retail Space in Carmel Village

      Retail/restaurant/medical spaces available in a centrally located shopping center.
      4100 S Staples St, Corpus Christi, TX 78411
      View Details
    • Contact for pricing

      Neighborhood Center Retail or Office

      Neighborhood center suitable for retail or office businesses.
      3501-3533 S Staples St, Corpus Christi, TX 78411
      View Details
    • Contact for pricing

      Anchored Power Center Retail Space

      Retail, medical, and office spaces available in a power center.
      4117 S Staples St, Corpus Christi, TX 78411
      View Details
    View Listing
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    Corpus Christi, TX 78411
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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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