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Property profile & analytics
OFF-MARKET
Estimated value
$12,410,000
Retail space
1145 Waldron Rd Corpus Christi, TX 78418-2610
Entity Owned
21-yr Hold
Free & Clear
Property ID
US82-2382097
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Total area
147,716 SF
Lot
13.67 ac (595,422 SF)
Zoning code
B-3&SP,B-4&SP
APN
3725-0001-0080
UPID
US82-2382097
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
-
Farmers Insurance - Jennifer Tennill Insurance Agency
-
M N Nails & Spa Nail Salon
-
Margo Bitcoin ATM Atm Crypto Atm
-
H-E-B plus! Grocery & Convenience Store Food Market
-
H-E-B Curbside Pickup & Grocery Delivery Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.28M
Blend (final)
Blend
$12.41M
Owner & transaction history
Heb Grocery Co LP · 21 yrs held
Heb Grocery Co LP
since 2005
1 recorded transaction
Zoning & alternative use
B-3&SP,B-4&SP · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$18.9M
+18.6%
Restaurant
$17.8M
+12.0%
Auto repair, garage
$17.7M
+11.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$15,910,000
Current use
INDUSTRIAL (GENERAL)
$18,880,000
Change: +19% · Conversion: Difficult
RESTAURANT
$17,820,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$17,670,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$12.41M
Range $11.17M – $13.65M · ±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
$84 / 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
$181,608
Tax year 2023
Assessed value
$9,547,437
Assessed 2024
Previous assessed
$9,263,487
+3.1% YoY
Effective rate
1.90%
On assessed value
Assessed land
$1,786,263
Assessed improvement
$7,761,174
Land market value
$1,786,263
Improvement market value
$7,761,174
Total market value
$9,547,437
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Heating
NONE
Total area
147,716 SF
Lot
13.67 ac (595,422 SF)
Zoning code
B-3&SP,B-4&SP
APN
3725-0001-0080
UPID
US82-2382097
Jurisdiction
NUECES
Zoning & alternative use
B-3&SP,B-4&SP · Corpus Christi, TXZoning B-3&SP,B-4&SP · permitted uses
B-3&SP,B-4&SP · Corpus Christi, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$15.9M
INDUSTRIAL (GENERAL)
Est. value
$18.9M
RESTAURANT
Est. value
$17.8M
AUTO REPAIR, GARAGE
Est. value
$17.7M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2007
Heating
NONE
Lot
13.67 ac
Current owner
From public records · entity-resolved
Heb Grocery Co LP
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 839999, SAN ANTONIO, TX 78283-3999
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2005
—
Heb Grocery Co LP
Owner Name Unavailable
Grant Deed
related
—
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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