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Property profile & analytics
FOR LEASE
Strip malls
9729 S Padre Island Dr Corpus Christi, TX 78418
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4627319
For Lease
Contact for pricing
9729 S Padre Island Dr, Corpus Christi, TX 78418
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1961
Total area
4,969 SF
Lot
0.49 ac (21,432 SF)
Zoning code
B-3
APN
0535-0001-0010
UPID
US82-4627319
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
-
Texas Bait-N-Tackle (Bike/Boat/Book/etc) Store
-
Steph's Hair Salon Hair Salon
-
Third Coast Vapor (Vapor Cove) (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
The Green Cross Specialty Food Shop
-
Sandbar Signs & Vehicle Graphics Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wells Fargo Bank NA · 1 yrs held
Wells Fargo Bank NA
since 2024
2 recorded transactions
Zoning & alternative use
B-3 · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Corpus Christi submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corpus Christi submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,812
Tax year 2023
Assessed value
$320,153
Assessed 2024
Previous assessed
$398,459
-19.7% YoY
Effective rate
2.44%
On assessed value
Assessed land
$64,332
Assessed improvement
$255,821
Land market value
$64,332
Improvement market value
$255,821
Total market value
$320,153
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1961
Heating
NONE
Total area
4,969 SF
Lot
0.49 ac (21,432 SF)
Zoning code
B-3
APN
0535-0001-0010
UPID
US82-4627319
Jurisdiction
NUECES
Zoning & alternative use
B-3 · Corpus Christi, TX
Zoning B-3 · permitted uses
B-3 · Corpus Christi, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corpus Christi. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Lot
0.49 ac
Current owner
From public records · entity-resolved
Wells Fargo Bank NA
Entity
Free & Clear · 1 yrs held
Mailing address
1445 ROSS AVE STE #4400, DALLAS, TX 75202-2710
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
—
Wells Fargo Bank NA
Wells Fargo Bank NA
Deed
related
—
Sep 1, 2004
—
Ronald S Browning
A & W Properties
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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