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Property profile & analytics
FOR LEASE
Strip malls

7514 S Padre Island Dr Corpus Christi, TX 78412

7,952 SF 1.54 ac lot Built 2020
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US82-9809149
Property summary
AI-generated overview

Ocean Bay Shops offers exceptional retail opportunities in Corpus Christi, Texas. This modern, multi-tenant property boasts 12,200 square feet of total building space, with available units ranging from 887 to 2,400 contiguous square feet. The minimum divisible space is 1,825 square feet. Located at 7514 S Padre Island Dr, 78412, in Nueces County, this property benefits from a highly desirable location. It's situated less than two miles from Texas A&M University's Island Campus and less than half a mile from their new Momentum Campus, providing excellent access to a large student population. The area also features over 2,400 existing and planned apartment units, plus new single-family subdivisions, ensuring a robust customer base. Furthermore, the property is within half a mile of the proposed Barisi Village multi-planned unit development, promising continued growth. The spaces are offered as cold grey shells, allowing for tenant-financed build-outs to suit individual needs. Pylon signage on S Padre Island Dr is available for a one-time fee. Estimated NNN expenses are $9.50 per square foot annually. This presents a unique chance to establish a thriving business in a rapidly developing area.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2020
Total area 7,952 SF
Lot 1.54 ac (67,170 SF)
APN 3831-0002-0040
UPID US82-9809149
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Insomnia Cookies Bakery Take-out & Catering
  • Birdies wings and bar Restaurant
  • F45 Training Corpus Christi Gym & Fitness Center
  • Tropical Smoothie Cafe Cafe & Coffee Shop
  • Aitcheson Services Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$580k
CAP Approach CAP
by Request
Comparable Approach Comparable
$564k
Blend (final) Blend
$570k
Owner & transaction history
Auroritas LLC · 7 yrs held
Auroritas LLC
since 2019
5 recorded transactions
2019
Price N/A
2019
Price N/A
2016
Price N/A
2007
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $705,000 +79.4%
Commercial (general) $665,000 +68.3%
Retail stores $515,000 +30.4%
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