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Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Flex space
102 Navigation Blvd Corpus Christi, TX 78408
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-4448070
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1998
Total area
25,490 SF
Lot
2.93 ac (127,805 SF)
Zoning code
I-2
APN
7085-0004-0010
UPID
US82-4448070
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Faraday Electric Motors Electrical Service Auto Repair Shop
-
Exact Valve Solutions, Inc Oilfield
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$1.93M
Owner & transaction history
Faraday Electric Motors LLC · 2 yrs held
Faraday Electric Motors LLC
since 2024
7 recorded transactions
Zoning & alternative use
I-2 · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.1M
+147.0%
Restaurant
$2.6M
+110.3%
Office building
$2.4M
+93.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Corpus Christi submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corpus Christi submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,225,000
6.5%
$2,055,000
7%
$1,905,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,235,000
Current use
AUTO REPAIR, GARAGE
$3,050,000
Change: +147% · Conversion: Easy
RESTAURANT
$2,595,000
Change: +110% · Conversion: Difficult
OFFICE BUILDING
$2,385,000
Change: +93% · Conversion: Difficult
RETAIL STORES
$1,980,000
Change: +60% · Conversion: Moderate
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$76 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$38,218
Tax year 2023
Assessed value
$1,786,588
Assessed 2024
Previous assessed
$1,786,588
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$255,610
Assessed improvement
$1,530,978
Land market value
$255,610
Improvement market value
$1,530,978
Total market value
$1,786,588
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1998
Heating
CENTRAL
Cooling
CENTRAL
Total area
25,490 SF
Lot
2.93 ac (127,805 SF)
Zoning code
I-2
APN
7085-0004-0010
UPID
US82-4448070
Jurisdiction
NUECES
Zoning & alternative use
I-2 · Corpus Christi, TX
Zoning I-2 · permitted uses
I-2 · Corpus Christi, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corpus Christi. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RESTAURANT
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.0M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
CENTRAL
Cooling
Yes
Lot
2.93 ac
Current owner
From public records · entity-resolved
Faraday Electric Motors LLC
Entity
Mailing address
102 S NAVIGATION BLVD, CORPUS CHRISTI, TX 78405-3611
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2024
—
Faraday Electric Motors LLC
Deluxe Finance INC
Venders Lien
$1,920,000 · Frost Bank
Mar 11, 2016
—
Deluxe Finance INC
Lopez,raymond
Grant Deed
related
—
Mar 10, 2016
—
Deluxe Finance INC
Lopez,raymond
Warranty Deed
related
—
Oct 14, 2015
—
Raymond Lopez
Lopez,theresa A
Quit Claim Deed
—
—
—
Raymond Lopez
—
Deed Of Trust
related
$330,096 · Emr Holdings LLP
—
—
Raymond Lopez
—
Deed Of Trust
related
$1,100,000 · First Commerce Bank
—
—
Raymond Lopez
—
Deed Of Trust
related
$90,000 · First Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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