Entity Owned Property summary
AI-generated overview
This exceptional 2,520 square foot restaurant space, located at 10525 S Padre Island Dr in Corpus Christi, Texas, presents a unique investment opportunity. Previously occupied by a Pizza Hut, this vacant property is ready for immediate occupancy and boasts a desirable location along South Padre Island Drive (SPID), a major thoroughfare with high visibility and traffic volume. The building, constructed in 1977, sits on a spacious 25,056 square foot lot and is zoned CG-1, offering flexibility for a variety of restaurant concepts. The asking price is $495,000, translating to $196.43 per square foot. Some existing equipment may be available. Its convenient proximity to a major HEB grocery store and its position as a gateway to Padre Island further enhances its appeal to potential buyers. This property offers significant potential for a thriving restaurant business in a high-demand location. The address is 10525 S Padre Island Dr, Corpus Christi, TX 78418, within Nueces County. Serious inquiries are encouraged.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1977
Total area
2,520 SF
Lot
0.58 ac (25,047 SF)
Zoning code
B-3
APN
3720-0000-0040
UPID
US82-3363000
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
-
Take-out & Catering
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$285k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$285k
Owner & transaction history
since 2025
4 recorded transactions
Zoning & alternative use
B-3 · Corpus Christi, TX
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$285k
Value range
$257k – $314k
±10% around blend
Estimated value / SF
$113 / SF
Confidence
Property data
88
Comparable evidence
60
$257k
blend $285k
$314k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,520 SF
Lot area
0.58 ac
Year built
1977
APN
3720-0000-0040
Zoning
B-3
Assessed value
$392,590
Annual tax
$7,395
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$285k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$393k
Move the market yield to see immediate price impact.
Value / SF
$156
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$25k
$495k
$353k
$275k
$27k
$550k
$393k
$305k
$30k
$605k
$432k
$336k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,395
Tax year 2023
Assessed value
$392,590
Assessed 2024
Previous assessed
$377,208
+4.1% YoY
Effective rate
1.88%
On assessed value
Assessed land
$175,392
Assessed improvement
$217,198
Land market value
$175,392
Improvement market value
$217,198
Total market value
$392,590
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1977
Heating
NONE
Total area
2,520 SF
Lot
0.58 ac (25,047 SF)
Zoning code
B-3
APN
3720-0000-0040
UPID
US82-3363000
Jurisdiction
NUECES
Zoning & alternative use
B-3 · Corpus Christi, TXZoning B-3 · permitted uses
B-3 · Corpus Christi, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1977
Heating
NONE
Lot
0.58 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B-3
Jurisdiction
Corpus Christi, TX
Recorded code
B-3
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-3 in Corpus Christi, TX.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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