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$4,120,000

15201 S Padre Island Drive, Corpus Christi, TX, 78418

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths8,640 Sq Ft
price_per_sqft$476.85 / sqft
Year BuiltBuilt in 2008

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size37,810 sqft

Building Information

Year Built2008
Roof Type172

Land Information

APN6129-0191-0150
Lot Number14A
SubdivisionPadre Island #4
Land UseCommercial
Legal DescriptionPADRE ISLAND #4 BLK 191 LOT 14A
Census Tract006203
Assessed Land Value$680,634
Assessed Improvement Value$1,499,737
Assessment Year2025

About this property

Prime retail and restaurant opportunity on Padre Island, ideally positioned to capture strong visibility and steady traffic along the frontage road. The high exposure location is surrounded by thriving established businesses, creating a built-in customer base and constant foot flow situated just minutes from the rapidly growing Whitecap development and directly across from the scenic Lake Padre, the property benefits from both local and tourist traffic. Excellent accessibility, strong demographics and a vibrant coastal setting make this ideal site for retail, dining or service oriented concepts seeking a premier Island presence. This business center is golf cart accessible to increase customer traffic.

Investor Tools

$1,939,235Estimated Mortgage Balance
$241,136Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$24,720 /month
Positive
Cash Flow Estimate:
$8,240 /month

Interested in this property?

Al Perez

CORE Coastal Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,306/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$40,771
$2,180,371
2025
$680,634
$1,499,737
$2,180,371
No

Tax History

Year
Tax Paid
Assessed Value
2024
$40,771
$2,180,371

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
N/A
Unknown
$2,100,000
No
First
Mar 15, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,939,235
$241,136
11%
89%
$12,591/mo

City: Corpus Christi

15201 S Padre Island Drive | Property Details | No Agent List