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    5106 S Padre Island Dr Corpus Christi, TX 78411
    Property profile & analytics

    5106 S Padre Island Dr Corpus Christi, TX 78411

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    • Retail space
    • 22,344 SF
    • 1.97 lot acres
    For Lease
    $725,000
    View Listing →
    Retail Space on Padre Island For Lease
    $725,000

    Retail Space on Padre Island

    Retail space available on a regional arterial corridor.

    5106 S Padre Island Dr, Corpus Christi, TX 78411
    View Listing
    Property ID
    US82-3272554
    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
    $725,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pep Boys / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 5106 S Padre Island Dr

    Year built
    1992
    Lot size
    1.97 lot acres
    Property size
    22,344 SF
    Zone code
    B-4
    Property type
    Retail space
    APN
    5425-0000-0044
    APU
    542500000044

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $650,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $797,000
      Market price range: $501k - $1.67M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,145,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.3786
    Latitude
    27.7129
    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
    $37,734
    $1,031,328
    $739,187
    $1,770,515
    -
    $1,031,328
    $739,187
    $1,770,515

    Comparable in this City

    • Value Estimation
      $1,465,000
      53,064 SF

      4914 Padre Is Dr

      RETAIL STORES (PERSONAL SERVICES) • 53,064 SF
      4914 Padre Is Dr, Corpus Christi, TX 78411-4204
      View Details
    • Value Estimation by Request
      4,000 SF

      5206 Williams Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      5206 Williams Dr, Corpus Christi, TX 78411-4637
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    • Value Estimation by Request
      1,728 SF

      5425 Staples St

      RETAIL STORES (PERSONAL SERVICES) • 1,728 SF
      5425 Staples St, Corpus Christi, TX 78411-4650
      View Details
    • Value Estimation by Request
      3,200 SF

      4518 Padre Is Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      4518 Padre Is Dr, Corpus Christi, TX 78411-4412
      View Details
    • Value Estimation by Request
      6,863 SF

      3744 Alameda St

      RETAIL STORES (PERSONAL SERVICES) • 6,863 SF
      3744 Alameda St, Corpus Christi, TX 78411-1630
      View Details
    • Value Estimation by Request
      7,392 SF

      4113 Staples St

      RETAIL STORES (PERSONAL SERVICES) • 7,392 SF
      4113 Staples St, Corpus Christi, TX 78411-5502
      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
    • $279,000
      1,153 SF

      Corpus Christi Office/Retail Opportunity

      Office or retail space in high-traffic Corpus Christi location.
      701 Everhart Rd, Corpus Christi, TX 78411
      View Details
    • $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
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    • $6,225,000

      Anchor Store at Prime Intersection

      Anchor store opportunity in Corpus Christi's retail hub.
      5129 Blanch Moore, Corpus Christi, TX 78411
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      42,864 SF

      Urban Air Adventure Park Investment

      NNN leased Urban Air in Corpus Christi, Texas.
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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
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      5,122 SF

      Freestanding Building on Hard Corner

      High-visibility freestanding building, ideal for restaurant or retail use.
      4601 S Padre Island Dr, Corpus Christi, TX 78411
      View Details
    • $3,500 /Mo
      1,200 SF

      New Retail Space in Corpus

      Brand new 1,200 SF retail space for lease.
      4706 Corona Dr, Corpus Christi, TX 78411
      View Details
    • Contact for pricing
      25,000 SF

      Retail Redevelopment at Staples & Everhart

      Retail and restaurant spaces available in Corpus Christi redevelopment.
      4220-4222 S Staples St, Corpus Christi, TX 78411
      View Details
    • Contact for pricing
      3,205 SF

      Retail Space on Padre Island

      3,205 SF retail space available in Corpus Christi, TX.
      4701 S Padre Island Dr, Corpus Christi, TX 78411
      View Details
    • $4,500 /Mo
      1,500 SF

      New Retail Space in Corpus

      Brand new 1,500 SF retail space for lease.
      4706 Corona Dr, Corpus Christi, TX 78411
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Retail spaces available in a super-regional power center.
      5425 S Padre Island Dr, Corpus Christi, TX 78411
      View Details
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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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