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Days166Days on Market
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$1,500,000

721 Nas Dr, Corpus Christi, TX, 78418

On MarketInfo
CommercialInfo
Baths8,899 Sq Ft
OfficeOffice
price_per_sqft$168.56 / sqft
Year BuiltBuilt in 1979

Exterior

Lot Size31,363 sqft

Building Information

Year Built1979
Roof Type114

Land Information

APN2487-0008-0265
Lot Number26B
SubdivisionFlour Bluff Estates #2
Land UseCommercial
Legal DescriptionFLOUR BLUFF ESTATES #2 BLK 8 LOT 26B
Census Tract003004
Assessed Land Value$125,400
Assessed Improvement Value$457,225
Assessment Year2025

About this property

Light Industrial Property with Multiple Buildings – Prime NAS Drive Location. 721 NAS Drive offers a versatile light industrial opportunity featuring one lot with three buildings plus a covered loading area, ideal for a variety of commercial and industrial uses. The property provides excellent access, functional layout, and flexible space for owner-users or investors. Building One totals approximately 4,500 square feet and includes a 2,349.1 SF warehouse, a 1,215.9 SF showroom, and a 935 SF climate-controlled storage area, offering a balanced mix of warehouse, display, and conditioned space. Building Two consists of a 3,200 SF warehouse, while Building Three adds an additional 1,200 SF warehouse, allowing for operational flexibility, multiple tenants, or separate business functions. Situated in a prime location with quick access to Waldron Road and SPID, the property benefits from strong connectivity and visibility. Additional features include ample parking, a secured yard, and a layout well-suited for light industrial, distribution, service, or contractor operations. This property presents an excellent opportunity for businesses seeking functionality, accessibility, and room to grow.

Investor Tools

Property Icon
$582,625
Estimated Property Value
$560,000Estimated Mortgage Balance
$68,354Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,000 /month
Positive
Cash Flow Estimate:
$3,000 /month

Interested in this property?

Stephanie Hastings

Keller Williams Coastal Bend

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,391/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,774
$582,625
2025
$125,400
$457,225
$582,625
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,774
$582,625

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Purchase Money Mortgage
$560,000
No
First
Dec 30, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$514,271
$68,354
11%
88%
$3,358/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Corpus Christi

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721 Nas Dr | Property Details | No Agent List