Technical
Financial
Distress signals
Property profile

1818 Caribbean Dr Corpus Christi, TX 78418

OFF-MARKET
Land
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Property summary

AI-generated overview

This expansive 87-acre property, located at 1818 Caribbean Dr, Corpus Christi, Texas 78418, presents a remarkable investment opportunity in the desirable Flour Bluff area of Nueces County. Currently configured as a functioning farm and ranch, the land boasts existing infrastructure including a barn, stables, an arena, and a tack room, all adding significant value to the $3,500,000 asking price. An older ranch house is also situated on the property. The property's strategic location offers easy access to key regional attractions and amenities. Its proximity to Naval Air Station Corpus Christi, Texas A&M University-Corpus Christi, and North Padre Island enhances its appeal and potential for future development. The substantial acreage makes this property ideally suited for a variety of uses, including the development of an equestrian facility, a planned unit development (PUD), or a residential subdivision. The existing structures provide a solid foundation for immediate use or potential redevelopment, making this a truly unique and versatile investment opportunity in a rapidly growing area of Texas. The property's latitude and longitude coordinates are 27.649436, -97.323504 respectively.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Kennel & Boarding Facility Animal Training
  • Roofing Company General Contractor

Location

1818 Caribbean Dr Corpus Christi, TX 78418
Corpus Christi metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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