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    650 Flato Rd Corpus Christi, TX 78405

    For Sale
    $2,700,000
    Property size:
    25,500 SF
    Added:
    Dec 11, 2024
    Days on Market:
    367

    Property Features for 650 Flato Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    25,500 SF
    Lot Size
    121,097 SF

    Building Details

    Year Built/Renovated
    1981/2023

    HighLights

    • Guaranty of lease with SRS Distribution Inc. ($50M annual revenue).
    • Tenant invested $250,000 in property improvements.
    • Net lease income: $207,960 (3% annual escalation).
    • 2023 building renovation and $280,000 fire suppression system installation.
    • 12‑14' clear height, 3‑phase 480V power, four office suites, breakroom, conference room, and showroom.
    • 2.78‑acre industrial property in Corpus Christi, TX, located in a central industrial corridor with excellent traffic counts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Texas Pool Supply Wholesaler

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.4594766
    Latitude
    27.7724792

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    FAQs

    Where is this distribution property located?
    The property is located at 650 Flato Rd Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: Guaranty of lease with SRS Distribution Inc. ($50M annual revenue).; Tenant invested $250,000 in property improvements.; Net lease income: $207,960 (3% annual escalation).
    Request Owner's contact information
    650 Flato Rd Corpus Christi, TX 78405
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    Realmo Value Estimation

    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.

    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.

    More about this property
    650 Flato Rd Corpus Christi, TX 78405
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