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Bluff Plaza 9929 S Padre Island Dr 18,250 SF 100% Leased Retail Building Corpus Christi, TX 78418 $2,750,000 ($150.68/SF) 6.02% Cap Rate
Executive Summary
FOR SALE / LEASE – PRIME RETAIL STRIP CENTER
6.02% CAP | IN-PLACE INCOME
Potential to increase NOI to ~$180K+ with rent optimization
9929 S Padre Island Dr, Corpus Christi, TX 78418
HIGH-VISIBILITY RETAIL | STRONG TRAFFIC | VALUE-ADD UPSIDE
Position your investment in one of Corpus Christi’s most heavily trafficked corridors—South Padre Island Drive (SPID)—the main artery connecting the city to Padre Island and surrounding retail hubs.
6.02% CAP | IN-PLACE INCOME
Potential to increase NOI to ~$180K+ with rent optimization
9929 S Padre Island Dr, Corpus Christi, TX 78418
HIGH-VISIBILITY RETAIL | STRONG TRAFFIC | VALUE-ADD UPSIDE
Position your investment in one of Corpus Christi’s most heavily trafficked corridors—South Padre Island Drive (SPID)—the main artery connecting the city to Padre Island and surrounding retail hubs.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
18,250 SF
Building Class
B
Year Built
2007
Price
$2,750,000
Price Per SF
$150.68
Cap Rate
6.02%
NOI
$165,434
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
1.48 AC
Zoning
B-3
Parking
55 Spaces (3.01 Spaces per 1,000 SF Leased)
Frontage
295’ on S Padre Island Dr
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Thai Massage
- Services
- -
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Thai Massage | Services | - | - | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 233319 | Total Assessment | $2,611,867 |
| Land Assessment | $258,576 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,353,291 | Tax Year | 2025 |
Property Taxes
Parcel Number
233319
Land Assessment
$258,576
Improvements Assessment
$2,353,291
Total Assessment
$2,611,867
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Bluff Plaza | 9929 S Padre Island Dr
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