Technical
Financial
Distress signals
Property profile

5230 Kostoryz Rd Corpus Christi, TX 78415

FOR SALE
Strip malls
Property ID
US82-4712847
25,342 SF 2.53 ac lot Built 1984
Individually Owned 13-yr Hold ~ Est. High Equity
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For Sale
Contact for pricing 25,342 SF
5230 Kostoryz Rd, Corpus Christi, TX 78415
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Property summary

AI-generated overview

This exceptional 25,342-square-foot retail shopping center presents a compelling value-add investment opportunity in the thriving Corpus Christi, Texas market. Located at 5230 Kostoryz Rd, 78415, this single-story, 1984-built property boasts a prime location in south Corpus Christi, conveniently situated less than a quarter-mile from State Highway 358 (South Padre Island Drive). The center benefits from its proximity to significant new residential and retail developments, ensuring strong potential for future growth. The property is zoned for commercial use and offers ample parking with 111 spaces, providing convenient access for shoppers and tenants. Corpus Christi, the county seat of Nueces County and Texas's 8th largest city, boasts an estimated population of 350,000, experiencing a 0.57% growth since 2021. The city's robust economy is anchored by the Port of Corpus Christi (the 3rd largest in the U.S. by tonnage) and the Naval Air Station Corpus Christi (the city's largest employer, with 6,200 jobs). The larger Corpus-Kingsville Combined Statistical Area demonstrates a growing population exceeding 500,000, further solidifying the area's strong economic outlook and the potential for increased tenant demand. This multi-tenant shopping center offers a unique chance to capitalize on the region's continued expansion and strong economic fundamentals.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1984
Total area 25,342 SF
Lot 2.53 ac (110,337 SF)
APN 4663-0001-0050
UPID US82-4712847

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Barber Shop
  • (Bike/Boat/Book/etc) Store
  • Restaurant
  • (Bike/Boat/Book/etc) Store

Location

5230 Kostoryz Rd Corpus Christi, TX 78415
Corpus Christi metro Census 2303 CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$850k
CAP Approach CAP
by Request
Comparable Approach Comparable
$940k
Blend (final) Blend
$895k

Owner & transaction history

since 2012
6 recorded transactions
2017
Price N/A
2012
Price N/A
2011
Price N/A
2011
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Industrial (general) $1.5M +25.1%
Warehouse, storage $1.2M +3.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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