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    15417 Salt Cay Ct Corpus Christi, TX 78418

    Sponsored
    For Sale
    $295,000

    Multifamily Development Opportunity, $295,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.266-acre lot, situated at 15417 Salt Cay Ct in Corpus Christi, Texas (zip code 78418), presents a remarkable investment opportunity. Located in Nueces County, this property boasts a desirable canal-front position on North Padre Island, offering significant potential for multifamily development. The permitted zoning is RM, allowing for the construction of rental income units. The asking price is $295,000, representing a compelling entry point into the Corpus Christi real estate market. The property's coordinates are 27.5978782011324 latitude and -97.2314621333598 longitude. This is a "For sale by owner" listing, providing a direct path to acquisition. The property is currently classified as a single-family rental portfolio, suggesting a strong foundation for future multifamily development projects. Given its location and zoning, this lot is well-suited for investors seeking to capitalize on the growing demand for rental properties in this vibrant coastal community. The property's size and canal-front location offer unique advantages for creating a high-value multifamily development. Serious inquiries are encouraged to explore this promising investment opportunity further.

    Property Features for 15417 Salt Cay Ct

    General Information

    Property type
    Multifamily properties
    Lot Size
    11,587 SF

    HighLights

    • 0.266‑acre canal‑front lot in Corpus Christi, TX (78418).
    • RM zoning allows multifamily development.
    • $295,000 asking price.
    • Located on North Padre Island in Nueces County.
    • For sale by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.23146213336
    Latitude
    27.597878201132

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily Development Opportunity, $295,000
    Where is this multifamily property located?
    The property is located at 15417 Salt Cay Ct Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 0.266-acre canal-front lot in Corpus Christi, TX (78418).; RM zoning allows multifamily development.; $295,000 asking price.
    Request Owner's contact information
    15417 Salt Cay Ct Corpus Christi, TX 78418
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    Corpus Christi, TX 78418
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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
    15417 Salt Cay Ct Corpus Christi, TX 78418
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