15217 Padre Island DrCorpus Christi, TX 78418

Property Details for 15217 Padre Island Dr

Year built

2004

Lot size

0.47 AC

Property size (Sq ft)

600 SF

Property type

Office buildings

APN

6129-0191-0134

APU

612901910134

Description

This exceptional 1,002-square-foot executive office condo is ideally located in Corpus Christi, Texas, at 15217 S Padre Island Dr, Suite 212. Built in 2004, this single-story, commercially zoned property offers a modern and spacious layout perfect for a variety of businesses. The suite features a dedicated conference room and a fully ADA-compliant bathroom, ensuring accessibility and functionality. Benefit from high visibility with prominent signage opportunities on both the building and the plaza's marquee, maximizing your business's exposure. This vacant property presents a unique opportunity in a high-demand area with limited available office space. The building boasts a diverse and established tenant community, including reputable businesses such as Padre Island Cigar Company, Islands Edge Hair Salon, Corpus Christi Vacation Rentals, and Star Advantage Insurance Agency. The asking price is $275,000, translating to $274.45 per square foot. This is a turnkey solution for businesses seeking a prestigious address and enhanced visibility in a thriving commercial area. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $145,847

  6.5%

  $134,628

  7%

  $125,011

• Comparable approach

  Method

  Valuation

  Relative Method

  $77,143.80

  Geo Method

  $136,362

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $254,925

  Retail / Commercial

  $132,707

  Mixed-Use / Specialty

  $133,796

  Hospitality / Lodging

  $100,195

  Institutional / Educational

  $139,652

  Residential Income

  $163,393

  Multifamily

  $187,304

  Automotive / Energy

  $119,701

  Parking / Income-Based Land

  $39,764.20

  Restaurant / Food Service

  $72,922

  Healthcare / Senior Housing

  $135,603

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.6029

Longitude

-97.2232

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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