Island Market is a retail shopping center in South Padre Island, Texas, configured to include four businesses—Island Market, SPI Liquors, Coastal Lifestyles, and Starnies Hot Dogs—along with two food trucks. The site includes two gas pumps and an above-ground gas tank, and provides 10 parking spaces. The property is situated on a corner frontage with two curb cut-outs offering access from Carolyn Boulevard or Padre Boulevard. Each business operates under separate electrical metering and has long-term rental agreements in place.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$14k

Tax billed · 2023

Assessed value · 2024$805k

Assessed land$539k

Assessed improvement$266k

Effective rate1.71%

Value estimate

· Nov 2026

$440k

$396k – $484k

AI approach$440k

NOI build-up

Gross scheduled income$75k

Vacancy & credit loss−$4k

Operating expenses−$21k

NOI · 1.42% cap applied$50k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

1.42%

$50k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

General categoryCOMMERCIAL

JurisdictionCAMERON

Location intelligence

Which uses thrive at this corner?

Best fit: Dental Office

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Dental Office9.3

Auto Repair Shop9.1

Auto Parts Store8.7

5312 Padre Blvd South Padre Island, TX 78597

County assessor Recorded deeds · 2 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 6 properties nearby

Address Sale price Sold Size

4610 Padre, South Padre Island, TX 78597-7327 $2,350,000 Aug 2023 12,070 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$555,000

3,467 SF

340 Padre Blvd

COMMERCIAL (GENERAL)

340 Padre Blvd, South Padre Island, TX 78597-6501

View Details
Value Estimation
$265,000

2,470 SF

2312 Padre Blvd

COMMERCIAL (GENERAL)

2312 Padre Blvd, South Padre Island, TX 78597-6834

View Details
Value Estimation
$435,000

2,043 SF

2605 Padre Blvd

COMMERCIAL (GENERAL)

2605 Padre Blvd, South Padre Island, TX 78597-6931

View Details
Value Estimation
$710,000

4,625 SF

3900 Padre Blvd

COMMERCIAL (GENERAL)

3900 Padre Blvd, South Padre Island, TX 78597-7247

View Details
Value Estimation
$570,000

4,792 SF

2100 Padre Blvd

COMMERCIAL (GENERAL)

2100 Padre Blvd, South Padre Island, TX 78597-6828

View Details
Value Estimation
$245,000

1,525 SF

104 Capricorn Dr

COMMERCIAL (GENERAL)

104 Capricorn Dr, South Padre Island, TX 78597

View Details

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Includes: Price & PSF · Cap rate · Location · Zoning

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5312 Padre Blvd South Padre Island, TX 78597

Property summary