Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1906 Great Falls Dr, Unit 2 Corpus Christi, TX 78415

    Sponsored
    For Sale
    Pending
    $149,000

    LAND - Corpus Christi, TX

    Lot size:
    0.52 Acres
    Days on Market:
    487
    Last Refresh:
    Jan 29 at 12:06 am

    Property Features for 1906 Great Falls Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    704700010600
    Lot size
    0.52 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Missy Flores
    Missy Flores

    Keller Williams Coastal Bend (361) 225-7900

    Listing agent Missy Flores (361) 442-4994 License #0519341

    Listing date Sep 30, 2024

    MLS# 404698 Listing URL

    Copyright © 2025 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Gated Community

    This 0.52-acre lot is located within The Promenade, a landscaped, gated community. The community features a grand entrance with accent lighting and a fountain. Deed restrictions are in place, with a minimum home size of 2300 sq. ft. The community includes a 10-acre pond and a community swimming pool. City water is available. Located in Corpus Christi, Texas, the property is situated close to shopping, restaurants, and medical facilities. The location is within the London Independent School District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.431847
    Latitude
    27.652493

    Nearby Similar for Sale

    • New
      $439,900
      3,072 SF

      Renovated Corpus Christi Fourplex Investment

      Renovated fourplex in Corpus Christi, 100% occupied with strong CAP.
      642 Robinson St, Corpus Christi, TX 78404
      View Details
    • $300,000
      1,540 SF

      Income-Producing Corner Lot Property

      Versatile 4-bedroom home with income potential in Corpus Christi.
      1302 Aswan Dr, Corpus Christi, TX 78412
      View Details
    • New
      $620,000
      6,624 SF

      Versatile Acreage with Multiple Structures

      6.71 acres with residences, garage, and office space.
      2977 County Road 37, Corpus Christi, TX 78417
      View Details
    • New
      $2,100,000
      7,264 SF

      Ocean Drive Multifamily Executive Suites

      Remodeled multifamily property with bay views, ideal for short-term rentals.
      1601 Ocean Dr, Corpus Christi, TX 78404
      View Details
    • $525,000
      3,232 SF

      Mixed-Use Property in Corpus Christi

      Income-producing mixed-use property with commercial zoning and redevelopment potential.
      1802 Morgan Ave, Corpus Christi, TX 78404
      View Details
    • $1,100,000
      10,000 SF

      Corpus Christi Warehouse with Offices

      Light industrial warehouse with office space and truck access.
      3701 Apollo Rd, Corpus Christi, TX 78413
      View Details
    • $3,699,900
      39,814 SF

      Corpus Christi Multifamily Investment Opportunity

      Cash-flowing 40-unit townhome-style property in Corpus Christi's Southside.
      3702 Thornberry Ct, Corpus Christi, TX 78415
      View Details
    • $350,000
      2,793 SF

      Rebuilt Gem in Corpus Christi

      Commercial building with residential features, rebuilt with high-end finishes.
      618 Staples St, Corpus Christi, TX 78401
      View Details
    • $1,100,000
      8,076 SF

      Corpus Christi Commercial Building For Sale

      8,076 sq ft commercial building in Corpus Christi, Texas.
      422 S Enterprize Pkwy, Corpus Christi, TX 78405
      View Details
    • $1,500,000
      8,899 SF

      Versatile Industrial Property on NAS Drive

      Light industrial property with multiple buildings in prime location.
      721 Nas Dr, Corpus Christi, TX 78418
      View Details
    • $1,300,000
      2,500 SF

      Corpus Christi Turnkey Mechanic's Garage

      Mechanic's garage or industrial operation with high visibility and frontage.
      1169 S Padre Island Dr, Corpus Christi, TX 78416
      View Details
    • $250,000
      5,200 SF

      Corner Commercial Building with Parking

      Large commercial building with flexible layout and enclosed parking.
      1321 Morgan Ave, Corpus Christi, TX 78404
      View Details

    FAQs

    What type of property is this?
    Land - Land in gated community with pond and community pool.
    Where is this land located?
    The property is located at 1906 Great Falls Dr, Unit 2 Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: - Waterview property within a gated community.; - Large 1/2 acre lots, offering ample space.; - Enjoy the community swimming pool.
    (361) 442-4994
    Request Owner's contact information
    1906 Great Falls Dr, Unit 2 Corpus Christi, TX 78415
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1906 Great Falls Dr, Unit 2
    Corpus Christi, TX 78415
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

    More about this property
    1906 Great Falls Dr, Unit 2 Corpus Christi, TX 78415
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Missy Flores
    Missy Flores
    Real Estate License ID: 0519341
    (361) 442-4994
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.