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    Matthew Cravey, Corpus Christi, TX

    License ID: 0203443
    Cravey Real Estate Services I
    Years of Experience
    16
    Association
    Corpus Christi Association Of Realtors

    Contact details

    Phone:
    (361) 877-2463
    Office Address:
    5541 Bear Ln Ste 240, Corpus Christi, TX, 78405

    Performance

    Listings
    34
    Total transactions
    2
    Total transactions amount
    $270k
    Price range
    $90k - 203k
    Average price
    $135k

    Listings

    For Sale (27)

    View map
    • $950,000
      13,104 SF

      Industrial Building with Recent Roof

      Industrial building featuring office and shop space with new roof.
      3930 Bratton Rd, Corpus Christi, TX 78413
      View Details
    • $3,250,000
      48,804 SF

      Dock High Warehouse For Sale

      Warehouse with dock high doors, suitable for various operations.
      230 E Maddox Ave, Aransas Pass, TX 78336
      View Details
    • $1,300,000
      14,860 SF

      Leopard Street Retail/Warehouse Opportunity

      Freestanding retail/warehouse building suitable for retail or storage.
      13340 Leopard St, Corpus Christi, TX 78410
      View Details
    • Contact for pricing
      16,000 SF

      Distribution Warehouse with Office Space

      16,000 SF warehouse featuring offices, dock, and drive-in doors.
      4533 Baldwin Blvd, Corpus Christi, TX 78408
      View Details
    • $350,000
      5,374 SF

      Retail Property on Highway 77

      High-visibility retail space in Odem, Texas, suitable for various businesses.
      1016 Voss Ave, Odem, TX 78370
      View Details
    • $2,546,518

      Commercial Land Near Future HEB

      Pad sites adjacent to future HEB and Starbucks center.
      14505 Blvd NW, Corpus Christi, TX
      View Details
    • $729,521

      Industrial Land For Sale

      Industrial land suitable for various industrial uses.
      601 Gilliam St, Corpus Christi, TX 78409
      View Details
    • $585,457

      Land Adjacent to Future HEB

      Commercial land for sale near future HEB and Starbucks.
      3909 River Dr E, Corpus Christi, TX 78410
      View Details
    • $1,307,268

      Industrial Land For Sale

      Industrial land suitable for various industrial services and support.
      602 Gilliam St, Corpus Christi, TX 78409
      View Details
    • $595,000

      Prime Land on Leopard Street

      4.386 acres with frontage on Leopard Street.
      Leopard St, Corpus Christi, TX 78401
      View Details
    • $1,360,200

      Highway Frontage Agricultural Land

      Agricultural land with highway frontage near Robstown city limits.
      At Fm 1694, Robstown, TX
      View Details
    • $2,000,000
      8,294 SF

      Restaurant, Bar, and Auto Shop

      Operating restaurant, bar, and auto shop on busy corner.
      549 Navigation Blvd, Corpus Christi, TX 78408
      View Details
    • $4,268,880

      20 Acres Platted Lots

      20 acres of platted lots available for sale.
      502 N Padre Island Dr, Corpus Christi, TX 78405
      View Details
    • $570,000

      4.24 Acres Corner Lot

      Corner lot near I-37 and Tuloso Midway Primary School.
      10125 Up River Rd, Corpus Christi, TX 78410
      View Details
    • $984,761

      Highway Frontage Land For Sale

      Commercial land with highway and boulevard frontage available for purchase.
      1601 S Us Highway 77, Kingsville, TX 78363
      View Details
    • Contact for pricing

      Industrial Land with Highway Frontage

      300 Acres of light industrial land for sale or lease.
      147 Donegal St, Taft, TX
      View Details
    • $1,030,950

      Land on US Highway 77

      Land with frontage on US Highway 77 near Tesla site.
      1897 County Road 85, Bishop, TX 78343
      View Details
    • $1,100,000
      7,847 SF

      Downtown Corpus Christi Commercial Building

      Freestanding 7,847 SF building in revitalizing downtown area.
      102 N Mesquite St, Corpus Christi, TX 78401
      View Details
    • $4,100,000
      9,418 SF

      Commercial Land on Leopard Street

      Commercial land with two metal buildings, suitable for redevelopment.
      13138 Leopard St, Corpus Christi, TX 78410
      View Details
    • Contact for pricing

      Vacant Land in Residential Area

      Vacant land suitable for townhouses in a residential area.
      Ave A St, Corpus Christi, TX
      View Details
    • $954,255

      Land with High Visibility

      Land with frontage on I-69, outside Corpus Christi.
      3329 I-69 Access Rd, Corpus Christi, TX
      View Details
    • Contact for pricing

      Vacant Land in Residential Area

      Vacant land in residential area, requires re-zoning for development.
      3901 Cliff Crenshaw St, Corpus Christi, TX 78410
      View Details
    • $1,036,728

      Prime Commercial Land Available

      1.35 acres of commercial land ideal for various uses.
      3434 Saratoga Blvd, Corpus Christi, TX 78415
      View Details
    • $3,990,000

      Corner Land Parcel For Sale

      Corner land parcel with dual road frontage and utilities available.
      3011 Moore Ave, Portland, TX 78374
      View Details
    • $374,550

      Agricultural Land on County Road

      Farmland with frontage on County Road 44 in Robstown, TX.
      44 Co Rd, Robstown, TX
      View Details
    • $522,720

      Prime Retail Land For Sale

      Land for sale or build to suit in prime retail area.
      2037 S Padre Island Dr, Corpus Christi, TX 78408
      View Details
    • $670,000

      Land For Sale

      Land available for sale in Corpus Christi, Texas.
      1201 Spindletop Rd, Corpus Christi, TX
      View Details

    For Lease (7)

    View map
    • $6,000 /Mo
      2,352 SF

      Versatile Industrial Space Available

      Industrial complex with office and flex space for lease.
      1502 Holly Rd, Corpus Christi, TX 78417
      View Details
    • $9 SF/Yr
      5,632 SF

      Versatile Industrial Space Available

      Industrial complex with office, flex space, and yard.
      1402-1420 Holly Rd, Corpus Christi, TX 78417
      View Details
    • $2,250,000
      12,775 SF

      Climate Controlled Warehouse For Rent

      Climate-controlled warehouse space available for lease.
      3117 Cabaniss Rd, Corpus Christi, TX 78415
      View Details
    • Contact for pricing
      16,200 SF

      Robstown Industrial Facility For Lease

      Industrial facility on 39 acre site with multiple buildings.
      4599 I-69, Robstown, TX
      View Details
    • $5,250 /Mo

      Secured Industrial Yard for Lease

      3.5-acre stabilized, secured yard with utilities near Port of Corpus Christi.
      1402 Holly Rd, Corpus Christi, TX 78417
      View Details
    • Contact for pricing
      24,000 SF

      Robstown Industrial Facility For Lease

      Industrial facility with multiple buildings for lease in Robstown, TX.
      2501 Access Rd, Robstown, TX
      View Details
    • $975,000
      6,800 SF

      Highway 77 Warehouse with Office

      Warehouse with office space and large lot near Corpus Christi.
      552 E Austin St, Robstown, TX
      View Details

    Leases and Sales on Map

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    Matthew Cravey, Corpus Christi, TX
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Matthew Cravey, Corpus Christi, TX
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