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    Property profile & analytics

    10442 Leopard St Corpus Christi, TX 78410-1928

    • Car washes
    • 4,495 SF
    • 1.24 lot acres
    OFF-MARKET
    Last Sale
    May 17, 2021
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5152832
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • WashWorks Express Annaville / Car Wash

    Property Details for 10442 Leopard St

    Year built
    1979
    Lot size
    1.24 lot acres
    Property size
    4,495 SF
    Zone code
    B-4
    Property type
    Car washes
    APN
    3415-0003-0020
    APU
    341500030020

    Description

    Exceptional owner-user opportunity to acquire the WashWorks Express, a brand new, single-tenant auto shop in Annaville, Texas. This 2024-built facility sits on a 1.24-acre lot at 10442 Leopard St, 78410, enjoying a strategic location on a major retail thoroughfare with high traffic counts (approximately 31,000 vehicles per day) at a signalized 4-way stop. The business has been operational since July 2024. This e-commerce resistant industry presents a strong investment opportunity. The property offers significant tax advantages, potentially qualifying for accelerated depreciation under IRS Code Sections 179 & 168(k), allowing for substantial business expense deductions. The asking price is $6,400,000. This represents a rare chance to own a thriving, newly constructed business and its underlying real estate in a high-traffic location. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.5729
    Latitude
    27.839
    CBSA code
    18580
    CBSA name
    CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,545
    $162,043
    $956,738
    $1,118,781
    -
    $162,043
    $956,738
    $1,118,781

    Comparable in this City

    • Value Estimation
      $340,000
      4,248 SF

      4421 Violet Rd

      CAR WASH • 4,248 SF
      4421 Violet Rd, Corpus Christi, TX 78410-3408
      View Details
    • Value Estimation
      $425,000
      4,210 SF

      14502 Nwnw Blvd

      CAR WASH • 4,210 SF
      14502 Nwnw Blvd, Corpus Christi, TX 78410-5510
      View Details
    • Value Estimation
      $450,000
      4,353 SF

      14058 Nwnw Blvd

      CAR WASH • 4,353 SF
      14058 Nwnw Blvd, Corpus Christi, TX 78410-5119
      View Details
    • Value Estimation
      $475,000
      6,279 SF

      10645 Leopard St

      CAR WASH • 6,279 SF
      10645 Leopard St, Corpus Christi, TX 78410-2602
      View Details
    • Value Estimation
      $350,000
      3,763 SF

      4451 Violet Rd

      CAR WASH • 3,763 SF
      4451 Violet Rd, Corpus Christi, TX 78410-3408
      View Details
    • Value Estimation
      $425,000
      6,289 SF

      10741 Leopard St

      CAR WASH • 6,289 SF
      10741 Leopard St, Corpus Christi, TX 78410-2604
      View Details

    Similar Nearby for Sale

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      Leopard Street Retail/Warehouse Opportunity

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    • New
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      Restaurant/Retail Building on Leopard Street

      3,720 sqft commercial building on a 30,557 sqft lot.
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    • $250,000
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      Prime Commercial Lot Near Leopard

      1.93-acre commercial lot behind Stripes at Leopard & McKinzie.
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land, Nueces County

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      Five Points Shopping Center - Corpus Christi

      High-visibility retail & office spaces available.
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      Five Points Station Retail Space

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    • $0.85 SF/Yr
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      Retail Space in Corpus Christi

      Retail spaces available in a busy Corpus Christi shopping center.
      9800 Leopard St, Corpus Christi, TX 78410
      View Details
    • Contact for pricing
      276,593 SF

      Five Points Shopping Center - Corpus Christi

      High-traffic retail space, Corpus Christi, TX.
      4101 Ih-69 Access Rd, Corpus Christi, TX 78410
      View Details
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    Corpus Christi, TX 78410-1928
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    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
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